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:
- Property Type: Industrial
- Transaction Amount: Not disclosed
- Address: 1020 Olympic Drive
- Market: Batavia
- Square Footage: 118,041
- Buyer: Blue Peak Tents
- Brokers: Michael Androwich, Nicholas Eboli & Andrew Block - Lee & Associates
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
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