Green Bay Packaging Inc. Leases 74000 Square Feet At 2200 Sullivan Road In Aurora
2200 Sullivan Road
Building Size
74,000 SF
Asset Type
Industrial
Closing
Aug 5, 2024
AI
The industrial property at 2200 Sullivan Road in Aurora encompasses a total of 356,000 square feet, with Green Bay Packaging Inc. leasing 74,000 square feet of this facility. The lease transaction represents a significant movement in the local industrial market.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: Not specified
- Address: 2200 Sullivan Road
- Market: Aurora
- Asset Size: 74,000 square feet leased
- Landlord: Adon Panattoni - Panattoni Development
- Tenant: Green Bay Packaging Inc.
- Landlord's Representative: Nick Krejci & Noel Liston - Core Industrial Realty
- Tenant's Representative: Mike Plumb - Lee & Associates
- Remaining Space Available: 96,150 square feet
Core Industrial Realty and Lee & Associates played integral roles in facilitating this lease, highlighting their influence in the industrial real estate sector. The transaction solidifies the position of Panattoni Development in the area, emphasizing their ongoing development efforts.
Players
Aurora Industrial Market Snapshot
Boundary boundary · Industrial · Lease transactions
Loading comparables…
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