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Southwest Mccannon & Jerich...

Updated Dec 4, 2024

145.3 Acres Of Land In Sugar Grove Sold For $1,899,797 With RE/MAX Broker Chris Strauel
SOLDLand

145.3 Acres Of Land In Sugar Grove Sold For $1,899,797 With RE/MAX Broker Chris Strauel

$1,899,797

Building Size

Asset Type

Land

Closing

Sep 26, 2023

About this deal

AI

145.3 acres of land located in Sugar Grove were recently sold for a total price of $1,899,797. The transaction was facilitated by Chris Strauel, a broker from RE/MAX. The property is situated at the intersection of Southwest McCannon and Jericho Road, offering a significant amount of land for potential development or agricultural use.

Summary of transaction details

  • Property Type: Land
  • Transaction Amount: $1,899,797
  • Address: Southwest McCannon & Jericho Road, Sugar Grove
  • Market: Sugar Grove
  • Asset Type: Land
  • Acres: 145.3
  • Broker: Chris Strauel - RE/MAX

Chris Strauel, the broker from RE/MAX, played a crucial role in facilitating the sale of this expansive piece of land in Sugar Grove. The transaction demonstrates the demand for sizable parcels of land in the area, reflecting the potential for growth and development in the Sugar Grove market. With 145.3 acres available, this property presents various possibilities for potential buyers seeking land for commercial or agricultural purposes.

Players

Chris Strauel

Re/Max

Broker

$1.9M

vol

1 deal

Broker

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

8.35%

Cash-on-Cash

-2.39%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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