Farmland Partners Inc. Acquires 280-Acre Farm In Will County, Illinois For $3.4M
Will County, Illinois, United States
$3,400,000
Building Size
—
Asset Type
Other
Closing
Jun 13, 2022
About this deal
AI
A farm property spanning 280 acres was sold in Will County, Illinois. The transaction took place on June 14, 2022, and the buyer was Farmland Partners Inc., represented by Paul Pittman. The sale price for the farm was $3,400,000.
Summary of transaction details
- Property Type: Farm
- Transaction Amount: $3,400,000
- Market: Will County, Illinois
- Acres: 280
Farmland Partners Inc., led by Paul Pittman, successfully acquired the 280-acre farm property in Will County, Illinois. This strategic acquisition further expands their portfolio in the agricultural sector.
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
4.67%
Cash-on-Cash
-1.33%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93