Inland Real Estate Commercial Brokerage, Inc. · 610 Milan Truck‐Car Service 1,680 6/1/2018...

300 S. Washington Avenue 608-624 E. Cossitt Avenue La Grange, IL

Additional Information:

Paul MontesSenior Vice [email protected]

Eric SpiessSenior Vice [email protected]

Inland Real Estate Commercial Brokerage, Inc. 2901 Butterfield Road, Oak Brook, IL 60523 | www.inlandbrokerage.com

TABLE OF CONTENTS


Summary ............................................................................... 1

Property Overview ................................................................. 2

Map ....................................................................................... 3

Rent Roll ................................................................................ 4

Photos ................................................................................... 5

Inland Real Estate Commercial Brokerage Inc. has been engaged by the owner to market the property. The information contained herein has been prepared solely for marketing purposes to assist a recipient in determining whether they wish to proceed with a further in‐depth investigation of the property. All demographic information above are approximations and interested parties are expected to independently review all property documents as to their accuracy and completeness. Inland Real Estate Commercial Brokerage, Inc., its respective officers, employees and representatives make no representations or warranties, expressed or implied, as to the accuracy or completeness of this brochure or any of its contents. Furthermore, no legal commitment or obligation shall arise from any of its contents. In addition, this brochure is subject to modification and this property may be withdrawn from the market at any time, without prior notice. No part of this brochure may be duplicated without prior consent from Inland Real Estate Commercial Brokerage, Inc. This offering is not intended to solicit your response or involvement should you be engaged in an exclusive brokerage agreement with another real estate company. The Inland name and logo are registered trademarks being used under license.

SUMMARY


1

Inland Real Estate Commercial Brokerage is pleased to present for sale a 33,360sf industrial flex/warehouse offering in suburban Chicago. The multi‐tenant properties are a combined 100% leased and include the following two assets:

300 S. Washington, LaGrange IL – 24,000sf 608‐624 E. Cossitt, LaGrange IL – 19,360sf

Tenant mix ~

Anchored by corporate‐backed Gerber Collision & Glass lease with 8 years remaining on the base term

(10) auto, transport and service‐related businesses Manageable unit sizes from 1,680sf to 4,000sf

Location Highlights ~

Approximately 15 miles southwest of downtown Chicago Major arterial road dissection

o Harlem Avenue (Rt 43), 1st Avenue (Rt 171), Ogden Avenue (Rt 34), LaGrange Road (Rt 12/20/45)

Interstate access o I‐55, I‐88, I‐290, I‐294

Airports o O’Hare International 45‐minute drive o Midway 15‐minute drive o CSX rail lines in nearby communities

Public transportation o Burlington Northern Commuter Rail Service (Metra) o Amtrak o PACE bus service o Rail Freight: Indiana Harbor Belt and Burlington Northern/Santa Fe

PROPERTY OVERVIEW


2

300 S. Washington Avenue 608‐624 E. Cossitt Avenue LaGrange, IL LaGrange, IL Type Industrial / Flex Industrial / Flex PIN # 18‐04‐404‐052‐0000 18‐04‐404‐054‐0000 Sub‐Market North I‐55 Corridor North I‐55 Corridor Size (sf) 24,000 19,360 Acreage 1.02+/‐ 1.02+/‐ # Units 6 6 Unit Size (sf) 4,000 (2) ‐ 1,680 & (4) ‐ 4,000 Occupancy 100 100 Construction masonry masonry Roof flat, rubber membrane flat, rubber membrane Floor Depth 10" 10" Electric 200 amp / 3‐phase 200 amp / 3‐phase Air Condition office area office area Heat natural gas natural gas Utilities separately metered separately metered Clear Heights 18’ 15’ Doors 6 drive‐in 6 drive‐in Parking Spaces ~ 73 (shared) ~ 73 (shared) Signage façade façade Street Frontage 275’ along Washington 320’ along Cossitt Improvements roof overlay 2016; parking lot resurface 2016 roof overlay 2016; parking lot resurface 2016

MAP


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RENT ROLL


4

300 S. Washington – La Grange Unit Tenant SF Lease Start Lease Exp Monthly Rent Lease Type

A, B & C Gerber 12,000 8/1/2017 7/31/2027 $ 12,990 Net D L&D 4,000 7/1/2019 6/30/2022 $ 3,400 MG E Exec‐U‐Clean 4,000 6/1/2018 5/31/2021 $ 3,465 MG F SM Transport 4,000 4/1/2018 3/31/2021 $ 5,000 MG

TOTALS 24,000 $ 24,855

608‐624 S Cossitt – La Grange Unit Tenant SF Lease Start Lease Exp Monthly Rent Lease Type 608 SLX Tansport 1,680 7/1/2018 6/30/2020 $ 1,900 MG 610 Milan Truck‐Car Service 1,680 6/1/2018 5/31/2020 $ 1,900 MG 612 Mayatrak 4,000 6/1/2018 5/31/2020 $ 3,500 MG 616 Elite Chicago Limo 4,000 6/1/2019 5/31/2022 $ 3,347 MG

618‐622 Euromotive 4,000 7/1/2017 12/31/2020 $ 3,300 MG 620‐624 Magnum Freight 4,000 11/1/2017 10/31/2020 $ 3,800 MG TOTALS 19,360 $ 17,747

Total Income (Yearly) $ 511,224 Major Expenses: Insurance $ 7,049 Taxes (2018) $ 107,811

NOTES:

All units separately metered and utilities paid by tenant Leases give landlord option to charge for CAM – currently owner does all snow removal/minimal landscape All tenants except Gerber have a base year for taxes – responsible for increases per leases Gerber is responsible for pro‐rata share of operating costs (CAM/Tax) – Also 1.5% annual increases in base rent

PHOTOS


5

PHOTOS


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Inland Real Estate Commercial Brokerage, Inc. · 610 Milan Truck‐Car Service 1,680 6/1/2018...

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