138 Pierce St | Aurora, IL 60505
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- LoopNet Team
138 Pierce St
Aurora, IL 60505
W.E. Hoban Company Seven-Year Absolute NNN · Industrial Property For Sale
INVESTMENT HIGHLIGHTS
- Two-Building 61,951-Square-Foot Specialized Manufacturing Facility Situated on 3.59 Acres
- Seven-Year Sale-Leaseback at Above-Market 9.3% Cap Rate, with 2.0% Escalations
- Located in Second-Largest City in Illinois with Submarket Vacancy at 3.5% vs. 7.1% National Average
- Featuring 16’-30’ Clear Height, Two Dock Doors, Seven Grade Doors, and Proximity to I-88 and BNSF Railyard
- Occupied by W.E. Hoban Company, Manufacturer of Metal Components for Auto, Agriculture, and Energy Sectors
PROPERTY FACTS
| Property Type | Industrial | Year Built | 1943 |
| Property Subtype | Warehouse | Tenancy | Single |
| Building Class | C | Parking Ratio | 0.32/1,000 SF |
| Lot Size | 3.59 AC | Clear Ceiling Height | 30’ |
| Rentable Building Area | 61,951 SF | No. Dock-High Doors/Loading | 2 |
| No. Stories | 1 | No. Drive In / Grade-Level Doors | 7 |
| Zoning | M-2 - GENERAL MANUFACTURING DISTRICT | ||
| Property Type | Industrial |
| Property Subtype | Warehouse |
| Building Class | C |
| Lot Size | 3.59 AC |
| Rentable Building Area | 61,951 SF |
| No. Stories | 1 |
| Year Built | 1943 |
| Tenancy | Single |
| Parking Ratio | 0.32/1,000 SF |
| Clear Ceiling Height | 30’ |
| No. Dock-High Doors/Loading | 2 |
| No. Drive In / Grade-Level Doors | 7 |
| Zoning | M-2 - GENERAL MANUFACTURING DISTRICT |
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $216,884 | |
| Land Assessment | $143,803 | Total Assessment | $360,687 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$143,803
Improvements Assessment
$216,884
Total Assessment
$360,687
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