Updated Sep 9, 2024
Richard Hansen's McColly Rosenboom Acquires Herscher Development Site For $1.46M
Sec. 31 W Twp 14 Pilot, Herscher, IL
$1,463,444
$0/SF
Building Size
6,751,800 SF
Asset Type
Development Site
Closing
Jan 31, 2021
About this deal
AI
A development site in Herscher, located at Sec. 31 W Twp 14 Pilot, has been sold for $1,463,444. The property spans across 155 acres, resulting in a price per acre of $9,442. Richard Hansen of McColly Rosenboom represented the transaction as the broker.
Summary of transaction details
- Property Type: Development Site
- Transaction Amount: $1,463,444
- Address: Sec. 31 W Twp 14 Pilot
- Market: Herscher
- Acres: 155
- Price Per Acre: $9,442
Richard Hansen, a representative from McColly Rosenboom, facilitated the sale of the development site in Herscher.
Players
Herscher Development Site Market Snapshot
Boundary boundary · Development Site · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
10.84%
Cash-on-Cash
-3.10%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93