229 Galena BlvdAurora, IL 60506

For Sale
$950,000

High-yield flex/warehouse investment

Overview

Added:
Dec 11, 2024
Days on market:
93
This Aurora, IL property offers a compelling investment opportunity with two buildings totaling 10,890 square feet on a 10.9-acre lot. Built in 1990, the property features a mix of flex and warehouse space, currently occupied by two tenants under a triple-net lease (NNN). The property boasts a strong net operating income (NOI) of $8,900, resulting in a 0.94% capitalization rate. The asking price is $950,000, translating to $87.24 per square foot. The property's strategic location in Aurora, IL, at 229 W Galena Blvd, 60506, offers excellent access to major transportation routes and a high-traffic area. The property includes three drive-in doors and a parking ratio of 3 spaces per 1,000 square feet. This multi-tenant property presents a versatile investment opportunity with potential for long-term growth and income generation. The property is being offered for sale by owner. The year built is 1990, not 1900 as previously stated.

Highlights

  • $950,000 asking price for a 10,890 square foot industrial property in Aurora, IL.
  • Multi-tenant property with two tenants, offering a 0.94% cap rate and $8,900 NOI.
  • Located at 229 W Galena Blvd, Aurora, IL 60506, on a 10,900 square foot lot (approximately 0.25 acres).
  • Features two, one-story buildings built in 1990, with a mix of warehouse and flex space.
  • NNN lease type, with a broker co-op available; For sale by owner.

Property Details for 229 Galena Blvd

Property type
Other warehouses, Other industrial properties
Square Feet
10,890 SF
Year Built
1990
Buildings
2
Stories
1
Lot Size (sq. ft)
474,804,000 SF

Location Insight

City
Aurora
County
Kane
State
Illinois
Latitude
41.7604915
Longitude
-88.3191213
229 Galena Blvd, Aurora, Illinois

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229 Galena Blvd
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