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631 W Park Ave, Aurora, IL,...

Apex Warehouse Systems LLC Leases 107600 Square Feet At 631 W Park Ave Aurora
LEASEDIndustrial

Apex Warehouse Systems LLC Leases 107600 Square Feet At 631 W Park Ave Aurora

631 W Park Ave, Aurora, IL, 60506

Building Size

107,600 SF

Asset Type

Industrial

Closing

Nov 20, 2023

AI

Apex Warehouse Systems LLC has signed a lease for an industrial property located at 631 W Park Ave, Aurora, IL, 60506. The facility encompasses 107,600 square feet and includes features such as outdoor storage space, 10 exterior docks, 10 drive-in doors, and seven cranes. The property offers convenient access to Interstate 88 and is utilized for additional storage space for the materials handling and storage equipment company.

Summary of transaction details:

The deal involved key representatives from both the tenant and landlord sides, with Richard Daly from Darwin Realty representing Apex Warehouse Systems LLC. The landlord was represented by Justin Lerner and Joe Karmin, both affiliated with Transwestern, acting on behalf of Transbulk Real Estate LP.

Players

Justin Lerner

Transwestern

Broker

$11.4M

vol

3 deals

Broker

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