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Warehouse

Aurora Industrial Complex | Value-Add Multi-Tenant

631 W Park Ave, Aurora, IL 60506

Listing Price: $11,600,000

Cap Rate
7.87%
Gross SF
341,810
Price/Gross SF
$33.94
Lot Size
17.34 acres
Year Built
1950
Rentable SF
341,810

Investment Overview

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 $5.50/SF/Year, While the Subject Property Currently Averages Just $3.30/SF/Year
- 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
- 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
13 Different Sprinkler Risers
- Brick Building Reinforced with Metal and Concrete Masonry

Pride Of Ownership Property in Aurora, IL

- Ideally Located Within the Heart of Aurora - Illinois's Second-Largest City
- Strategically Positioned Among the Nation's Top 5 Industrial Markets Boasting Unparalleled Connectivity to Key Arterials
- Generational Asset – First Time on the Market in Over 30 Years
- Favorable Property Taxes – Situated in Kane County

Investment Highlights

  • Offered at an Extremely Low Price Per SF of Just $41.13 (Well Below Replacement Value)
  • Value-Add Opportunity – Current Rents are Approximately 66% Below Market
  • Multiple Short-Term or MTM Leases Allow Investors Immediate Access to Available Upside

Exclusively Listed By

Broker of Record

  • Steven D. Weinstock

    Senior Vice President/Regional Manager

    (630) 570-2200

    License(s) IL: 471.011175

    Illinois

Financing By

Warehouse

Aurora Industrial Complex | Value-Add Multi-Tenant

Listing Price: $11,600,000

Cap Rate
7.87%
Gross SF
341,810
Price/Gross SF
$33.94
Lot Size
17.34 acres
Year Built
1950
Rentable SF
341,810

Investment Highlights

  • Offered at an Extremely Low Price Per SF of Just $41.13 (Well Below Replacement Value)
  • Value-Add Opportunity – Current Rents are Approximately 66% Below Market
  • Multiple Short-Term or MTM Leases Allow Investors Immediate Access to Available Upside

Investment Overview

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 $5.50/SF/Year, While the Subject Property Currently Averages Just $3.30/SF/Year - 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 - 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 13 Different Sprinkler Risers - Brick Building Reinforced with Metal and Concrete Masonry Pride Of Ownership Property in Aurora, IL - Ideally Located Within the Heart of Aurora - Illinois's Second-Largest City - Strategically Positioned Among the Nation's Top 5 Industrial Markets Boasting Unparalleled Connectivity to Key Arterials - Generational Asset – First Time on the Market in Over 30 Years - Favorable Property Taxes – Situated in Kane County

Exclusively Listed By

Broker of Record

  • Steven D. Weinstock

    Senior Vice President/Regional Manager

    (630) 570-2200

    License(s): IL: 471.011175

    Illinois

Financing By

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