Duong Investment Group

Aurora Industrial Complex

631 W. Park Avenue

Property Description

Price: $14,060,000
Price Per/SF: $41.13
Land Area: ±17.34 Acres
Cap Rate: 6.49% Current | 12.07% Pro Forma
Gross Leasable Area: ±341,810
Year Built: 1950

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

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

Broker of Record: Steve Weinstock, License #: 471.011175

Contact Information

James Andrews
Net Leased Properties Group
(949) 419-3302
License: CA 02115272

Craig Elster
Vice President Investments
Director, Net Leased Properties Group
(949) 419-3223
License: CA 01958307

Ron Duong
Senior Managing Director Investments
Senior Director, National Retail Group
(949) 419-3233
License: CA 01438643

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