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Michael Arougheti Of Ares Management Corp Acquires 356000 SF Industrial Property In Aurora For Over $70M
SOLD
Illinois
See Similar DealsIndustrial356,000 SF
Sold 01/10/2025
SOLD
Michael Arougheti Of Ares Management Corp Acquires 356000 SF Industrial Property In Aurora For Over $70M
2200 Sullivan Road
See Similar DealsIndustrial356,000 SF
Sold 01/10/2025
Summary
ILLINOIS
Asset Type:Industrial
Price Per Square Foot:$0
Total Square Footage:356,000 SF
Transaction Type:Sale
A 356,000-square-foot industrial property located at 2200 Sullivan Road in Aurora has been sold for over $70 million. The property, developed by Panattoni in 2022, was reported to be 75% leased at the time of the sale.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: Over $70 million
- Address: 2200 Sullivan Road
- Market: Aurora
- Buyer: Michael Arougheti - Ares Management Corp
- Seller: Adon Panattoni & Carl Panattoni - Panattoni
- Broker: Nick Krejci & Noel Liston - Core Industrial Realty
The sale was brokered by Core Industrial Realty, who also retains the leasing rights for the property following the transaction.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$0.00
Debt Service Coverage Ratio (DSCR)
0.00x
Cap Rate
0.00%
Cash Flow (Annual)$0.00
Cash-on-Cash Return0.00%
Monthly Debt Service$0.00
Annual Debt Service$0.00
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