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3800 Commerce Drive

Tom Tyndall Of Labels & Specialty Products Acquires Industrial Property In Saint Charles
SOLDIndustrial

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:

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

Michael Marconi

Broker

$1.2M

vol

1 deal

Broker

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