Listed by Ellsbury Group
$2,395,000
197 Alder Dr, North Aurora, IL, 60542
Details
APN 15-05-477-001
Property Type Industrial
Sub Type Warehouse
Square Footage 20,146
Cap Rate 5.60%
NOI $133,619
Occupancy 100%
Tenancy Multi
Lease Type Modified
Lease Expiration 07/17/2029
Remaining Term 3
Rent Bumps Yes
Pro-Forma Cap Rate 7.70%
Pro-Forma NOI $183,924
Price per SqFt $119
Class B
Year Built 1994
Buildings 1
Stories 1
Acreage 2.680
Zoning I-2 GENERAL INDUSTRIAL DISTRICT
Parking Spaces 17 spaces
Parking per 1,000 SqFt 0.84
Investment Type Value Add
Ground Lease No
Ceiling Height 22'
Loading Docks 2
Dock High Doors 1
Industrial | 20,146 SqFt
Marketing description
We are pleased to present this premier 20,146 SF warehouse, ideally situated in a prime location with direct and easy access to major highways. Just 8 miles from North Aurora Airport, the property offers an expansive 2.68-acre lot with significant potential for expansion or development. The roof was fully replaced in 2017, and the building has benefited from multiple recent capital expenditure (CapEx) upgrades, resulting in low ongoing maintenance. Additional key features include climate-controlled rooms and robust 800-amp electrical service.
Investment highlights
- New roof - 2017
- Direct Highway Access & 8 miles from North Aurora airport
- 2.68 Acre Lot
- Increased incoming power from 400 Amps to 800 Amps - 2015
- Built 2 Mezzanines adding 1,500 SF - 2017
- Built 2 Climate Controlled Rooms - 2017
- Separation wall built in factory - 2017
- Installed 5 new space heaters - 2018
- Redid front office (carpets, paint, false ceilings)
- Installed new lighting plant wide
Listing Contacts
Listed by Ellsbury Group
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$133,619.00
$11,134.92/mo
Valuation Metrics
0
DSCR
5.58%
Cap Rate
5.58%
ROI
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