Updated Dec 4, 2024
Robert Smietana Of HSA Commercial Real Estate Acquires 17-Acre Development Site In Oconomowoc
1000 Blue Ribbon Circle North
$3,350,000
Building Size
—
Asset Type
Development Site
Closing
Feb 2, 2024
About this deal
AI
The 17-acre vacant property located at 1000 Blue Ribbon Circle North in Oconomowoc, WI, within the Pabst Farms area, was acquired by HSA Commercial Real Estate for $3,350,000. The site is positioned southwest of I-94 within the Pabst Farms development.
Summary of transaction details:
- Property Type: Development Site
- Transaction Amount: $3,350,000
- Buyer: Robert Smietana - HSA Commercial Real Estate
- Market: Oconomowoc, WI
- Asset Type: Development Site
- Acres: 17
- Address: 1000 Blue Ribbon Circle North
Robert Smietana of HSA Commercial Real Estate spearheaded the acquisition of the 17-acre vacant property at 1000 Blue Ribbon Circle N in Oconomowoc's Pabst Farms area, solidifying the deal for $3.35 million as reported in state records.
On the Map
$3,350,000
Development Site
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Oconomowoc Development Site Market Snapshot
Boundary boundary · Development Site · Sale transactions
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Deal FAQ
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
4.74%
Cash-on-Cash
-1.35%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93