Chicago Rivet & Machine agrees to sell Naperville facility for $5.35M with leaseback

CHICAGO RIVET & MACHINE CO

Sale price of $5,350,000 subject to inspection, title, and other contingencies.
Company will lease back warehouse until Dec 31, 2022 ($12,500/mo) and office until June 30, 2023 ($8,500/mo).
Transaction with Frontenac Properties LLC; closing expected after contingencies satisfied.
Sale provides liquidity while retaining operational space through mid-2023.

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