Sale · Land
$1,248,571
Building Size
—
Asset Type
Land
Closing
Aug 1, 2024
About this deal
AI
An 80-acre parcel of Class A farmland in Somonauk, Illinois, has been sold for $1.25 million. The land features a high soil productivity index of 141.2 and is situated at the northeast corner of Route 23 and Sanderson Road, with new tenancy availability planned for 2024.
Summary of transaction details:
- Property Type: Land
- Transaction Amount: $1,248,571
- Address: 000 Sanderson
- Market: Somonauk
- Acres: 80
- Broker: Nathan Gudmunson - Coldwell Banker Real Estate Group
Nathan Gudmunson from Coldwell Banker Real Estate Group represented the transaction for this farmland sale. The strategic location and productivity potential of the land are significant considerations for prospective tenants.
Players
Market Land Market Snapshot
Boundary boundary · Land · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
12.70%
Cash-on-Cash
-3.63%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93