--Offered at a 10.00% Cap | Low Price Per SF of Just $24.87 (Well Below Replacement Value)
--Below Market Rents – Low Average Rent/SF of Just $3.30/SF MG | Pro Forma Cash on Cash Return of Over 25%
--Value-Add Opportunity – Investors Have the Ability to Achieve a Pro Forma Cap Rate of 15.23% by Leasing Up Vacancies and Renewing Existing MTM Leases at Market Rents
--Excellent Value-Add Opportunity--
-Anchored by Apex Warehouse Systems, a Premier Service Provider of Warehouse Design, Automation Solutions and Storage Systems. Apex has Exhibited Ongoing Facility Commitment with Recent and Consistent Expansions
-The Remaining 35% of the GLA is Currently on MTM or Short-Term Leases with No Options
-Below Market Rents – Market Rent is in Excess of $4.00/SF/Year NNN, While the Subject Property Averages Just $3.30/SF/Year Modified Gross
-Generational Asset – First Time on the Market in 30+ Years
-Additional Opportunity to Add Value by Utilizing Available Land for Industrial Outdoor Storage (IOS)
--Strong Real Estate Fundamentals--
-18 Drive-In Doors and 14 Dock-High Doors | 13 Different Sprinkler Risers
-The Majority of the Property Benefits from High Ceiling Clearance Ranging from 18ft to 34ft
-Hard-to-Find Crane Facility – Operational but Not in Use
-Brick Building Reinforced with Metal and Concrete Masonry
--Pride Of Ownership Property in Aurora, IL--
-Ideally Located Within the Heart of Aurora - Illinois' Second-Largest City
-Strategically Positioned Among the Nation's Top 5 Industrial Markets Boasting Unparalleled Connectivity to Key Arterials
-Favorable Property Taxes – Situated in Kane County
Illinois Broker of Record:
Steven Weinstock
One Mid America Plaza, Ste. 200
Oakbrook Terrace, IL 60181
P: (630) 570-2200
Lic. #: 471.011175