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801 N Commerce St, Aurora, ...

Eric Galanti Of CBIZ Gibraltar Real Estate Services Represents Buyer In Sale At 801 N Commerce St Aurora
SOLDIndustrial

Eric Galanti Of CBIZ Gibraltar Real Estate Services Represents Buyer In Sale At 801 N Commerce St Aurora

801 N Commerce St, Aurora, IL, 60504

Building Size

60,636 SF

Asset Type

Industrial

Closing

Dec 4, 2018

AI

The transaction involves the sale of a 60,636-square-foot industrial building located at 801 N Commerce St in Aurora, Illinois. Situated in the Meridian Business Campus, the facility is noted for its landscaping, walking paths, and proximity to the Rte. 59 Metra Commuter Rail Stop.

Summary of transaction details:

Lee & Associates of Illinois facilitated the sale, with Nick Eboli serving as senior vice president and Andrew Block as associate representing the seller, a local investment group. Eric Galanti and Bill Main from CBIZ Gibraltar Real Estate Services represented the buyer, a global manufacturer.

Players

Nicholas Eboli

Lee & Associates

Broker

7 deals

Broker

Aurora 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