Updated Sep 29, 2026
Charles Hazen Of Transwestern Acquires Fully Leased Industrial Facility In North Aurora For Unrevealed Amount
320 Overland Drive
Building Size
408,176 SF
Asset Type
Industrial
Closing
Sep 28, 2026
About this deal
AI
Transwestern Investments acquired a fully leased industrial facility located at 320 Overland Drive, North Aurora, IL. The asset spans 408,176 square feet and was constructed in 2023. This cross-dock property features 55 dock doors, four drive-in doors, and dedicated car and trailer parking. It is situated 1.7 miles from I-88 in Chicago’s I-88 Corridor.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: Not disclosed
- Address: 320 Overland Drive
- Market: North Aurora, IL
- Square Footage: 408,176
- Buyer: Charles Hazen - Transwestern
Charles Hazen represented Transwestern in the acquisition of the industrial property, facilitating the investment on behalf of a separate account. The property is fully leased, contributing to its strategic value in the marketplace.
On the Map
Industrial
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Players
Overland 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