Whitetail Properties Real Estate Acquires 160-acre Land In Peotone For $1.98M
$1,980,000
Building Size
—
Asset Type
Land
Closing
Oct 20, 2023
About this deal
AI
A 160-acre land property located on South Ridgeland Avenue in Peotone, Illinois has been sold for $1,980,000. The sale was facilitated by Mark Leonard from Whitetail Properties Real Estate, who represented the buyer, and Mark Goodwin from Goodwin & Associates Real Estate, who represented the seller.
Summary of transaction details
- Property Type: Land
- Transaction Amount: $1,980,000
- Address: South Ridgeland Avenue, Peotone
- Market: Peotone
- Acres: 160
Mark Leonard, the buyer's representative from Whitetail Properties Real Estate, successfully negotiated the purchase of the 160-acre land. On the other hand, Mark Goodwin, from Goodwin & Associates Real Estate, represented the seller in the transaction. Both parties played integral roles in finalizing the deal.
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
8.01%
Cash-on-Cash
-2.29%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93