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3068 East New York Street

Updated Dec 4, 2024

Valvoline Leases Two Locations In Aurora & Naperville, IL From Liquid Sunshine With Dustin Pittman As The Broker
LEASEDPackage Deal

Valvoline Leases Two Locations In Aurora & Naperville, IL From Liquid Sunshine With Dustin Pittman As The Broker

3068 East New York Street & 2783 Forgue Drive

$37

$37/SF

Building Size

3,000 SF

Asset Type

Package Deal

Closing

Dec 22, 2023

About this deal

AI

The landlord, Liquid Sunshine - Harris Watters, has successfully leased two locations in Aurora and Naperville, IL as part of a package deal. The properties, located at 3068 East New York Street and 2783 Forgue Drive, are both attached to express tunnel car washes and had been vacant for a significant period of time. The Aurora site has recently undergone a re-branding and extensive upgrades, making it an attractive prospect for tenants.

Summary of Transaction Details

  • Property Type: Package Deal
  • Asking Rent: $37/ft.
  • Square Footage: 3,000
  • Market: Aurora & Naperville, IL
  • Landlord: Liquid Sunshine - Harris Watters
  • Tenant: Valvoline

Broker Dustin Pittman of Thames Management Resources played a crucial role in securing Valvoline as the tenant for these prime locations. With the addition of Valvoline, the landlord can expect to provide an enhanced customer experience. Valvoline is known for combining cutting-edge technology with a trusted brand, making them an ideal choice for these properties.

This lease agreement marks a significant win for the landlord and sets the stage for a successful revitalization of the previously vacant locations. The entry of Valvoline into these prime sites is expected to have a positive impact on the surrounding area, attracting customers and driving further business growth.

Players

Dustin Pittman

Thames Management Resources

Broker

1 deal

Broker

Aurora Package Deal Market Snapshot

Boundary boundary · Package Deal · Lease transactions

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Deal FAQ

About $37 per square foot on a published $37 for 6,000 square feet (2023).

Visit Thames Management Resources to view all their deals.

Browse Aurora package deal leases on Traded.

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

428729.73%

Cash-on-Cash

-122532.27%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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