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1020 Olympic Drive

Blue Peak Tents Purchases 118041 Square Foot Industrial Building In Batavia With Brokers Lee & Associates
SOLDIndustrial

Blue Peak Tents Purchases 118041 Square Foot Industrial Building In Batavia With Brokers Lee & Associates

1020 Olympic Drive

Building Size

118,041 SF

Asset Type

Industrial

Closing

Nov 25, 2024

AI

An industrial building located at 1020 Olympic Drive in Batavia, Illinois, was sold. The property encompasses a total area of 118,041 square feet and is situated in an industrial market. The transaction involved the purchase of the building by Blue Peak Tents, which is consolidating its operations. The property was previously occupied by a seller that closed its screen printing business.

Summary of transaction details:

This transaction was facilitated by Lee & Associates, with brokers Michael Androwich, Nicholas Eboli, and Andrew Block representing the deal. Their participation was crucial as Blue Peak Tents aimed to consolidate its operations through this acquisition while the seller transitioned away from the screen printing business.

Players

Nicholas Eboli

Lee & Associates

Broker

7 deals

Broker

Batavia Industrial Market Snapshot

Boundary boundary · Industrial · Sale 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