facebook
TradedTraded
    Home
    Search
    Closings
    Listings
    On Market
    Off Market
    Add a listing
    Vaults
    shh
    Rankings
    News
    Data
    Socials
    More


Messages

Go Pro
+ Submit+ Submit a Deal
Home

/

Deals

/

Illinois

/

Industrial

/

Sale

/

600 Darling Dr, Vernon Hill...

Nemera Acquires 190,000 SF Industrial Building In Vernon Hills For $26M
SOLDIndustrial

Nemera Acquires 190,000 SF Industrial Building In Vernon Hills For $26M

600 Darling Dr, Vernon Hills, IL 60061, USA

$26,000,000

$136/SF

Building Size

190,000 SF

Asset Type

Industrial

Closing

Jul 25, 2023

AI

Nemera, a French medical device manufacturer, has acquired a 190,000-square-foot industrial building in Vernon Hills, suburban Chicago, for $26 million. The building is located at 600 Darling Drive in the South Lake Industrial Center developed by Panattoni. The property spans 10 acres and is part of Nemera's expansion plans in the area.

Summary of transaction details

  • Property Type: Industrial
  • Transaction Amount: $26,000,000
  • Address: 600 Darling Drive
  • Market: Vernon Hills
  • Acres: 10

This deal was facilitated by Panattoni, represented by Adon Panattoni, who acted as the seller. Nemera, the buyer, aims to strengthen its presence in the industrial sector in Vernon Hills with this acquisition. The purchase of the building aligns with their plans for expansion and growth in the area.

Players

Adon Panattoni

Panattoni

Seller

$294.3M

vol

8 deals

Seller

Chicago Industrial Market Snapshot

Boundary boundary · Industrial · Sale transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.61%

Cash-on-Cash

-0.17%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93