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1000 Bilter Rd, Aurora, IL,...

Liberty Property Trust Leases 694367 Square Feet At 1000 Bilter Rd Aurora To Tenant Represented By Chris Cummins And Jason West
LEASEDIndustrial

Liberty Property Trust Leases 694367 Square Feet At 1000 Bilter Rd Aurora To Tenant Represented By Chris Cummins And Jason West

1000 Bilter Rd, Aurora, IL, 60502

Building Size

694,367 SF

Asset Type

Industrial

Closing

Jul 11, 2019

AI

The property located at 1000 Bilter Rd, Aurora, IL, 60502 encompasses a total area of 694,367 square feet. This distribution facility is situated within the Aurora market and features characteristics such as 30-foot clear height, 78 dock-high doors, and parking for 196 trailers. The landlord of this property is Liberty Property Trust.

Summary of transaction details:

  • Property Type: Lease
  • Transaction Amount: Not specified
  • Address: 1000 Bilter Rd, Aurora, IL, 60502
  • Market: Aurora
  • Tenant: LTD Commodities
  • Landlord: Liberty Property Trust
  • Tenant's Representatives: Chris Cummins, Jason West (Cushman & Wakefield)
  • Landlord's Representative: Matt Neumann
  • Square Feet: 694,367
  • Lease Duration: 10 years

Cushman & Wakefield acted as representatives for LTD Commodities in the lease renewal of the distribution facility. Jason West holds the position of vice chair while Chris Cummins is the executive director at Cushman & Wakefield. The relationship between the landlord and LTD Commodities facilitated a long-term lease extension, with plans to upgrade the warehouse infrastructure for future needs, providing a strategic advantage for the tenant in their operations.

Players

Chris Cummins

JLL

Broker

3 deals

Broker
LT
Liberty Property TrustLandlord

Aurora Industrial Market Snapshot

Boundary boundary · Industrial · Lease transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

5.80%

Cash-on-Cash

-1.66%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93