Industrial•Research & Development•For Sale
Single Tenant Industrial Investment
84 N Dugan Road, Sugar Grove, Illinois 60554
45,000 sq ft, single tenant, net-leased industrial building. Approx. 50/50 office & warehouse. Masonry construction. Depressed, external delivery dock. CMC Electronics, the tenant since 2004, is a wholly owned subsidiary of TransDigm, a $5 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 3 years, into June 2024. Net rent effective June 2020 is $25,950/mo ($6.92/sf). In 2017, the tenant spent $300,000 on upgraded interior finishes. 2018 Taxes: $64,694.
Landlord only responsible for exterior repairs (ie. roof & parking lot) with an estimated average of $3,300/year. In 2018, the landlord spent $250,000 on capital improvements, including a new roof, and new HVAC systems. A new parking lot was installed in 2013.
Light industrial business park located on Dugan Rd just north of US Hwy 30 and west of the Aurora Municipal Airport. Located 48 miles due 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.
- 45,000 SF masonry industrial building
- 50/50 office & warehouse
- Just west of Aurora Municipal Airport
- Single tenant net leased investment
- Same tenant (CMC Electronics) since 2004
- Tenant is established avionics & defense contractor
- Lease recently extended to June 2023
- Two 1-year options to June 2025
- New roof & HVAC in 2018
1/6/2020 8:58:46 PM
1/18/2020 8:45:43 PM