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:
- Property Type: Industrial Lease
- Transaction Amount: Not disclosed
- Square Feet: 107,600
- Address: 631 W Park Ave, Aurora, IL, 60506
- Market: Aurora
- Landlord: Transbulk Real Estate LP
- Tenant: Apex Warehouse Systems LLC
- Landlord's Representatives: Justin Lerner - Transwestern, Joe Karmin - Transwestern
- Tenant's Representative: Richard Daly - Darwin Realty
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
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