Updated Sep 9, 2024
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
About this deal
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:
- Property Type: Industrial
- Transaction Amount: Not disclosed
- Address: 801 N Commerce St, Aurora, IL, 60504
- Market: Aurora
- Buyer’s Rep: Eric Galanti (CBIZ Gibraltar Real Estate Services)
- Seller’s Rep: Andrew Block (Lee & Associates)
- Buyer: Unknown
- Seller: Unknown
- Square Footage: 60,636
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.
On the Map
Industrial
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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