Tom Tyndall Of Labels & Specialty Products Acquires Industrial Property In Saint Charles
3800 Commerce Drive
$1,190,000
$111/SF
Building Size
10,696 SF
Asset Type
Industrial
Closing
Jun 13, 2024
AI
An industrial building at 3800 Commerce Drive in St. Charles, IL, was sold for $1,190,000. The property spans 10,696 square feet and was acquired by Labels & Specialty Products from the seller Voestalpine Eifeler Coatings in the Saint Charles market.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $1,190,000
- Buyer: Tom Tyndall - Labels & Specialty Products
- Seller: Voestalpine Eifeler Coatings
- Buyer's Rep: Andrew Block - Lee & Associates
- Seller's Rep: Marko Kaplarevic & Michael Marconi - Transwestern
- SF: 10,696
- PPSF: $111
Andrew Block of Lee & Associates played a key role in the deal, representing the buyer Labels & Specialty Products, enabling them to expand their operations with the purchase of the industrial property. The purchase allows the buyer to enhance their business while maintaining operations at their existing 23,000-square-foot headquarters.
Players
Saint Charles 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
13.33%
Cash-on-Cash
-3.81%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93