IP Automation Inc. Acquires 50,632 Square Foot Industrial Building In Carol Stream For Headquarters
400 East Fullerton Avenue
Building Size
50,632 SF
Asset Type
Industrial
Closing
Feb 3, 2025
AI
This transaction involved the sale of an industrial asset located at 400 East Fullerton Avenue in Carol Stream, Illinois. The property encompasses a total area of 50,632 square feet.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: Not disclosed
- Address: 400 East Fullerton Avenue
- Market: Carol Stream
- Buyer: IP Automation Inc.
- Buyer’s Representative: Mike Antonelli - Brown Commercial Group
- Seller’s Representative: Savills
Mike Antonelli of Brown Commercial Group represented IP Automation Inc., which is planning to relocate its headquarters from Downers Grove. Savills served as the representative for the seller in this transaction.
Players
Carol Stream 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