• MCA Banner Ad 4 728 x 90
  • Digital - This Space Available
  • United Properties Amira Digial Ad
  • Coan Payton & Payne July 2024 Banner
  • Advanced Exercise 2022 Banner 728 x 90

First Industrial pays $9 million for PODS building in Aurora

PODS occupies the building at 21110 E. 31st Circle in Aurora on a long-term triple-net lease.

First Industrial Realty Trust bought a net-leased industrial building in Aurora for $9 million, or $106.26 per square foot.

The 84,700-square-foot building is located at 21110 E. 31st Circle. Moving and storage company PODS occupies the property on a triple-net lease with more than eight years remaining on the term.

First Industrial Senior Regional Director John Strabel said the property represents good real estate and an attractive long-term investment for First Industrial.

The seller was 31 Circle LLC, a group of Detroit-based private investors.

The building was built in 2014.

Mike Wafer, Riki Hashimoto and Dan Grooters of Newmark Knight Frank were the listing brokers.

Featured in CREJ’s Aug. 7-20, 2019, issue

Kris Oppermann Stern is publisher and editor of Building Dialogue, a Colorado Real Estate Journal publication, and editor of CREJ's construction, design, and engineering section, including news and bylined articles. Building Dialogue is a quarterly, four-color magazine that caters specifically to the AEC industry, including features on projects and people, as well as covering trends…