Updated Dec 18, 2023
Jack E. Tosetti Acquires 135-Acre Land In Mattoon For $1.4M
0 Tbd County Road 1100 Mattoon, Il
$1,397,250
$0/SF
Building Size
5,880,600 SF
Asset Type
Development Site
Closing
Dec 30, 2020
About this deal
AI
Located at 0-Tbd County Road 1100 in Mattoon, this property is a land asset that was sold on December 31, 2020. The sale was facilitated by broker Jack E. Tosetti from Tosetti & Associates. The property spans across 135 acres, with a price of $1,397,250, resulting in a price per acre (PPA) of $10,350.
Summary of transaction details
- Property Type: Land
- Transaction Amount: $1,397,250
- Acres: 135
- PPA: $10,350
- Date: December 31, 2020
- Address: 0-Tbd County Road 1100, Mattoon
- Broker: Jack E. Tosetti - Tosetti & Associates
This transaction highlights the successful collaboration between the buyer, seller, and broker. The property's attractive features and competitive pricing made it a desirable investment opportunity in the Mattoon market. Congratulations to all parties involved in this land sale.
Players
Mattoon 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
11.35%
Cash-on-Cash
-3.24%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93