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Single Tenant Industrial Investment

84 N Dugan Road

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Sugar Grove, IL 60554

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Single Tenant Industrial Investment

84 N Dugan Road

Sugar Grove, IL 60554

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Contact Advisor

Square
Neil Johnson Managing Director/Broker
SVN | Landmark Commercial Real Estate

neil.johnson@svn.com
(C) 630.669.1414
(O) 630.938.4950
(F) 630.938.4960

 


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Sale Overview

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For Sale
Price:
$3,475,000
Building Size:
45,000 SF
Property Type:
Industrial
Total Lot Size:
3.04 Acres
Year Built:
1992
Download Sale Brochure
 


Highlights

  • 45,000 SF masonry industrial building.
  • 50/50 office & warehouse
  • Just west of Aurora Municipal Airport
  • Single tenant net leased investment
  • Tenant is established avionics & defense contractor
  • Same tenant since 2004
  • Lease was most recently extended thru May 2020
  • Tenant is open to additional lease extension

Description

45,000 sq ft, single tenant, net-leased industrial building. Masonry construction. Depressed, external delivery dock. The tenant since 2004, CMC Electronics, is a wholly owned subsidiary of Esterline Technologies Corporation, a $3 billion, publicly traded, aerospace and defense company.

CMC has two primary operating business units: Avionics Products, and Cockpit System Integration, with both commercial and military sales. The tenant most recently renewed its lease for 4 years, through May 2020, and spent $300,000 on upgraded interior finishes. Scheduled rent increase in June 2018 based on CPI. Tenant previously expressed openness to a lease extension up to a five year total term. 2016 Taxes: $65,477.

Landlord only responsible for exterior repairs (ie. roof & parking lot) with an estimated average of $4,000/year. Capital improvements in 2013 included new parking lot & major roof repair.

Industrial business park located just north of US Hwy 30 & Dugan Rd. Just west of the Aurora Municipal Airport. Located 48 miles west of downtown Chicago. 3 miles to Rt 47. Easy access to I-88 east/west tollway and Rt 47. 30 minute drive to DeKalb, Naperville or St. Charles.