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
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