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Sale · Land

Updated Dec 4, 2024

Stephen Barr Of Advantage Realty Brokers $1.45M Sale Of Mazon Ranch Property
SOLDLand

Stephen Barr Of Advantage Realty Brokers $1.45M Sale Of Mazon Ranch Property

$1,451,000

Building Size

Asset Type

Land

Closing

Apr 3, 2024

About this deal

AI

The property at PCL South Old Mazon Road in Mazon, a ranch spanning 133.87 acres, was sold for $1,451,000. The farm includes 105 1/2 tillable acres, woods, creek, and leased hunting property, which is currently leased through February 2026.

Summary of transaction details:

  • Property Type: Ranch
  • Transaction Amount: $1,451,000
  • Address: PCL South Old Mazon Road
  • Market: Mazon
  • Acres: 133.87
  • Broker: Stephen Barr - Advantage Realty

Stephen Barr of Advantage Realty facilitated the sale of the ranch property at PCL South Old Mazon Road. The property features a diverse landscape, including tillable acres, woods, and a creek, making it an attractive investment opportunity for the buyer.

Players

Stephen Barr

Advantage Realty

Broker

$1.5M

vol

1 deal

Broker

Market Land Market Snapshot

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

10.93%

Cash-on-Cash

-3.12%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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