Updated Oct 29, 2024
PGIM Real Estate Provides $41M Loan For Industrial Properties In Aurora, IL And Henderson, NV
1103 Butterfield Road, Aurora, IL, USA
$41,000,000
$93/SF
Building Size
438,000 SF
Asset Type
Industrial
Closing
Apr 4, 2021
About this deal
AI
Three industrial properties located at 1103 Butterfield Road, 1550 Executive Airport Drive, and 1051 Mary Crest Road have been involved in a closed transaction. The properties are situated in Aurora, Illinois and Henderson, Nevada. The total square footage of the assets is 438,000.
Summary of Transaction Details:
- Property Type: Industrial
- Loan Amount: $41,000,000
- Loan Terms: Three-year term with two one-year extension options
PGIM Real Estate, represented by Trevor Arnholt & Steve Bailey, provided the loan for this transaction. The loan terms consist of a three-year term with two one-year extension options. The landlord of the properties is Dalfen Industrial, represented by Max Gagliardi.
Players
Aurora Industrial Market Snapshot
Boundary boundary · Industrial · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.39%
Cash-on-Cash
-0.11%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93