Updated Oct 29, 2024
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
About this deal
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.
On the Map
$26,000,000
$136/SF
Industrial
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Players
Chicago 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
0.61%
Cash-on-Cash
-0.17%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93