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Investment Opportunity 1981 Bucktail Ln 10,500 SF Industrial Building Sugar Grove, IL 60554 $1,752,410 CAD ($166.90 CAD/SF) 5.74% Cap Rate
Executive Summary
Investment Opportunity or owner-user! This property is situated just south of the Aurora Airport in Sugar Grove's industrial area. It is located within Sugar Grove's TIF 1 district - with benefits for potential property tax savings. This ~10,000 sq ft warehouse area offers a 19' clear span, fully sprinklered fire protection, 1 ADA bathroom/locker room, 240V/600A electrical service, 2 unit heaters, 2 bus bars, a drive in dock and standard dock, warehouse-wide air compressor lines, upgraded LED lights, fresh painting throughout and a 5 year old roof. The adjacent office area features a welcoming vestibule, 2 ADA bathrooms, a conference room, kitchenette, a large open office area with multiple doors to access the warehouse/shop area, 7'-10" drop ceiling. The current single tenant NNN lease runs through 12/31/29 with an early termination option for Lessor at Property Sale with 180 days notice, rent bumps in 2026, 2028 and 2029.
Financial Summary (Actual - 2024) |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$106,787
|
$10.17
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$106,787
|
$10.17
|
| Taxes |
$32,799
|
$3.12
|
| Operating Expenses |
$6,161
|
$0.59
|
| Total Expenses |
$38,960
|
$3.71
|
| Net Operating Income |
$67,828
|
$6.46
|
Financial Summary (Actual - 2024)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $106,787 |
| Annual Per SF | $10.17 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $106,787 |
| Annual Per SF | $10.17 |
| Taxes (CAD) | |
|---|---|
| Annual | $32,799 |
| Annual Per SF | $3.12 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $6,161 |
| Annual Per SF | $0.59 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $38,960 |
| Annual Per SF | $3.71 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $67,828 |
| Annual Per SF | $6.46 |
Property Facts
Utilities
- Lighting - Fluorescent
- Gas - Natural
- Water - City
- Sewer - City
- Heating - Gas
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
- Neyret Inc.
- Manufacturing
- 100 SF
- -
- Triple Net
- -
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
| Neyret Inc. | Manufacturing | 100 SF | - | Triple Net | - |
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Investment Opportunity | 1981 Bucktail Ln
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