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
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