GLP Leases 34000 Square Feet At 329 Airport Rd North Aurora With Mark Moran And John Whitehead
329 Airport Rd, North Aurora, IL, 60542
Building Size
34,000 SF
Asset Type
Industrial
Closing
Feb 21, 2017
AI
The property involved in this transaction is an industrial space located at 329 Airport Rd, North Aurora, IL, 60542. The total square footage of the leased area is 34,000 square feet. The market for this property is North Aurora. The landlord of the property is GLP.
Summary of transaction details:
- Property Type: Lease
- Transaction Amount: Long-term lease renewal
- Square Feet: 34,000
- Address: 329 Airport Rd, North Aurora, IL, 60542
- Market: North Aurora
- Landlord's Representatives: Mark Moran - NAI Hiffman, John Whitehead - NAI Hiffman
- Tenant: Bendix Commercial Vehicle Systems
NAI Hiffman's John Whitehead and Mark Moran represented the owner, GLP, in this long-term lease renewal transaction with Bendix Commercial Vehicle Systems for the industrial space at 301-329 Airport Road in North Aurora.
Players
North 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