Perla Co. USA Acquires North Aurora Industrial Building For $20M
950 Ice Cream Drive
$20,000,000
$114/SF
Building Size
174,000 SF
Asset Type
Industrial
Closing
Feb 15, 2024
AI
An industrial building spanning 174,000 square feet located at 950 Ice Cream Drive in North Aurora was acquired for over $20 million by The Perla Co. USA Inc., a company specializing in Italian food products. The purchase was made for the establishment of their U.S. headquarters to manufacture and distribute antipasti items.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $20,000,000
- Acres: 12.3
- Address: 950 Ice Cream Drive
- Market: North Aurora
The transaction was facilitated by brokers Nick Krejci and Noel Liston from Core Industrial Realty, representing both the buyer, Perla Co. USA, and the seller, Larry Heard from Transwestern. The industrial property in North Aurora is set to be utilized by The Perla Co. USA Inc. for their operational needs following the planned build-out completion later this year.
Players
North Aurora 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
0.79%
Cash-on-Cash
-0.23%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93