1253 W. 47TH STREET CHICAGO, IL SVN CHICAGO COMMERCIAL 940 WEST ADAMS STREET, SUITE 200, CHICAGO, IL SALE PROPOSAL

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1 1253 W. 47TH STREET 1253 W. 47TH STREET CHICAGO, IL SVN CHICAGO COMMERCIAL 940 WEST ADAMS STREET, SUITE 200, CHICAGO, IL SALE PROPOSAL

2 1253 W. 47TH STREET 1253 W. 47TH STREET CHICAGO, IL Presented by Daniel Vanchieri Advisor May W. 47TH STREET 1253 W. 47TH STREET, CHICAGO, IL SALE PROPOSAL

3 PROPERTY INFORMATION Property Summary Complete Highlights Location Overview Additional Photos FINANCIAL ANALYSIS Financial Summary LOCATION INFORMATION Regional Map Location Maps Retail Map Aerial Map W. 47TH STREET 1253 W. 47TH STREET, CHICAGO, IL SALE PROPOSAL

4 1 PROPERTY INFORMATION 1253 W. 47th Street Chicago, IL W. 47TH STREET 1253 W. 47TH STREET, CHICAGO, IL SVN Chicago Commercial Page 4

5 Property Summary OFFERING SUMMARY Sale Price: $375,000 Cap Rate: 8.74% NOI: $32,760 Lot Size: 8,750 SF Year Built: 1922 PROPERTY OVERVIEW Located in the Back of the Yards neighborhood. Automotive Repair Tenant with Escalating Lease until Loft space provides a bonus space of 1400 SF. Upside potential with below market rent. Close to Midway Airport and I Expressway SF Corner Property across from Rail Yard. Solid Brick Bow Truss Building with 2 Drive in Doors and 24' Ceilings. PROPERTY HIGHLIGHTS 8750 SF brick bow truss warehouse corner building on busy 47th St Loft space provides additional SF Densely populated area Light manufacturing zoning designation Building Size: 8,750 SF Below Market Rent Major retail development within blocks Zoning: M1-2 New Roof in 2014 Price / SF: $ W. 47TH STREET 1253 W. 47TH STREET, CHICAGO, IL SVN Chicago Commercial Page 5

6 Complete Highlights SALE HIGHLIGHTS 8750 SF brick bow truss warehouse corner building on busy 47th St Loft space provides additional SF Densely populated area Light manufacturing zoning designation Below Market Rent Major retail development within blocks New Roof in W. 47TH STREET 1253 W. 47TH STREET, CHICAGO, IL SVN Chicago Commercial Page 6

7 Location Overview LOCATION OVERVIEW Located in Chicago's historic Back of the Yards neighborhood, a densely populated area comprised of industrial, residential and new retail development. Close access to 1-90/94 Dan Ryan Expressway 5 miles to Midway Airport Located on the corner of 47th St and Throop Ave BACK OF THE YARDS Back of the Yards is located on the southwest side of Chicago, and is part of the New City community area, which also includes the bordering neighborhood of Canaryville. This neighborhood earned its name due to the former Union Stock Yards that once occupied the area. In fact, this is the neighborhood that Upton Sinclair wrote about in the 1906 novel, "The Jungle." Since the stock yards closed in the early 1970s, the neighborhood has seen significant residential and commercial development. The Pink and Green Line are the easiest ways to get downtown. Historically an industrial neighborhood, Back of the Yards bears a heavy resemblance to its roots (the neighborhood's name comes from its proximity to the Union Stock Yards). But it's also home to some beautiful green spaces, including the sixty-acre Sherman Park and Davis Square Park, both of which were designed by Chicago's favorite architect son, Daniel Burnham. Residents will find most of their daily shopping needs along W 47th Street and Ashland Avenue, but this expansive neighborhood is largely dominated by quaint, bungalow-style homes. Testa Produce is a 105-year-old family-owned and operated produce distributor. They serve restaurants, hotels, schools, country clubs, sporting arenas and hospitals from Wisconsin to central Illinois. Testa's LEED-Platinum refrigerated food service facility designed by Epstein was the first of its kind in the U.S. The warehouse features sustainable technologies including a 750-kilowatt wind turbine and solar panels that together produce an average of 35 percent of the building s energy needs. Testa Produce also has a solar thermal hot water system for heating water; an extensive system that recovers rainwater for non-potable purposes; LED lighting and skylighting; a vegetated roof; and compressed natural gas (CNG) and bio-diesel delivery trucks W. 47TH STREET 1253 W. 47TH STREET, CHICAGO, IL SVN Chicago Commercial Page 7

8 Additional Photos 1253 W. 47TH STREET 1253 W. 47TH STREET, CHICAGO, IL SVN Chicago Commercial Page 8

9 2 FINANCIAL ANALYSIS 1253 W. 47th Street Chicago, IL W. 47TH STREET 1253 W. 47TH STREET, CHICAGO, IL SVN Chicago Commercial Page 9

10 Financial Summary INVESTMENT OVERVIEW ACTUAL PRO-FORMA Price $375,000 $375,000 Price per SF $42.86 $42.86 CAP Rate 8.7% 10.89% OPERATING DATA ACTUAL PRO-FORMA Gross Income $44,400 $52,500 Operating Expenses $11,640 $11,640 Net Operating Income $32,760 $40, W. 47TH STREET 1253 W. 47TH STREET, CHICAGO, IL SVN Chicago Commercial Page 10

11 3 LOCATION INFORMATION 1253 W. 47th Street Chicago, IL W. 47TH STREET 1253 W. 47TH STREET, CHICAGO, IL SVN Chicago Commercial Page 11

12 Regional Map 1253 W. 47th Street 1253 W. 47TH STREET 1253 W. 47TH STREET, CHICAGO, IL SVN Chicago Commercial Page 12

13 Location Maps 1253 W. 47TH STREET 1253 W. 47TH STREET, CHICAGO, IL SVN Chicago Commercial Page 13

14 Retail Map 1253 W. 47TH STREET 1253 W. 47TH STREET, CHICAGO, IL SVN Chicago Commercial Page 14

15 Aerial Map 1253 W. 47TH STREET 1253 W. 47TH STREET, CHICAGO, IL SVN Chicago Commercial Page 15