Certified Laboratories Acquires Property From Video Impressions With Corey Chase And David Prioletti
2505 Diehl Rd, Aurora, IL, 60502
Building Size
—
Asset Type
Industrial
Closing
Apr 25, 2017
AI
The transaction involved an industrial building located at 2505 Diehl Rd, Aurora, IL, 60502 within the Aurora market. The property, situated in White Oak Business Park, comprises 18,000 square feet and will facilitate Certified Laboratories' relocation from Romeoville following cosmetic and functional improvements scheduled for completion this summer.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: Not disclosed
- Buyer: Certified Laboratories
- Seller: Video Impressions
- Buyer's Representative: Corey Chase-Newmark Grubb Knight Frank
- Seller's Representative: David Prioletti-CBRE
David Prioletti represented Video Impressions in the disposition of the industrial building, while Corey Chase managed the site selection and purchase for the buyer, Certified Laboratories. The transaction underscores a strategic move for Certified Laboratories as it aims to enhance its operational capabilities in the new facility.
Players
Aurora 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