20712 GASKIN DRIVE ROMEOVILLE, IL Daniel Vanchieri Advisor

Transcription

1 20712 GASKIN DRIVE ROMEOVILLE, IL Daniel Vanchieri Advisor John McDermott Executive Director SVN CHICAGO COMMERCIAL 940 WEST ADAMS STREET, SUITE 200, CHICAGO, IL OFFERING MEMORANDUM

2 PROPERTY INFORMATION Business and Real Estate Opportunity Property Summary Complete Highlights Additional Photos LOCATION INFORMATION Location Overview Regional Map Location Maps Aerial Map Site Plan FOR SALE COMPARABLES For Sale Comps For Sale Comps Summary For Sale Comps Map SOLD COMPARABLES Sold Comps Sold Comps Summary Sold Comps Map LEASE COMPARABLES Lease Comps Summary Lease Comps Details DEMOGRAPHICS Demographics ADVISOR BIOS Advisor Bio & Contact Advisor Bio & Contact Back Page GASKIN DRIVE, ROMEOVILLE, IL OFFERING MEMORANDUM

3 1 PROPERTY INFORMATION Gaskin Drive Romeoville, IL GASKIN DRIVE, ROMEOVILLE, IL SVN Chicago Commercial Page 3

4 Business And Real Estate Opportunity GASKIN DRIVE Romeoville, IL PROPERTY OVERVIEW Sale Price: $950,000 Lot Size: 21,780 SF Cross Street: Weber Road and Gaskin Market: Romeoville Submarket: Bolingbrook DEAL OVERVIEW The Challenge In today's economy and marketplace it is difficult to locate a business opportunity which offers stability, growth, sales upside and service while providing sustainable cash flow and profits over time. Even more challenging is to be able to acquire the real estate already purpose built for the business enterprise along with all of the F. F. & E. to operate immediately as an owner/ user. A long term client base is included in this move-in ready opportunity. The Objective To offer an established business operation which not only services today's modern cars, trucks and vehicles, it capitalizes on the aging car stock, which repairing represents a great alternative to buying or leasing a new car. The extensive existing and repeat customer base provides a strong foundation for the new operator with the willingness of the current owner operator to instruct and assist the new owner to insure long term success and profitability. The Solution SVN Chicago Commercial is pleased to offer such a turn-key operation for the consideration of any entrepreneur interested in owning and operating an internet resistant business with a long term track record of success and profitability. This offering includes outstanding real estate enhanced by a great location logistically ideal for the business. Consecutive years of strong gross revenues allows a purchaser to take advantage of the owners desire to relocate out of state. The price includes the operating business, the franchise (upon approval), the real estate and most of the F.F. & E. associated with the enterprise GASKIN DRIVE, ROMEOVILLE, IL SVN Chicago Commercial Page 4 The information presented here is deemed to be accurate, but it has not been independently verified. We make no guarantee, warranty or representation. It is your responsibility to independently confirm accuracy and completeness. All SVN offices are independently owned and operated.

5 Property Summary OFFERING SUMMARY Sale Price: $950,000 Lot Size: 21,780 SF Year Built: 2001 Building Size: 7,200 SF Zoning: I-2 Market: Township of Lockport PROPERTY OVERVIEW SVN Chicago Commercial is pleased to offer, on behalf of Meineke Car Care Center of Romeoville, the sale of the entire operating business, including the real estate and all equipment. This business enterprise includes furniture, fixtures and equipment (F.F. & E) related thereto, in addition to the industrial real estate, on which Meineke operates. It is the desire of the owners to sell the entire enterprise, including real estate as an operating business. A long-established auto repair company in Romeoville, IL. Meineke offers a wide range of car repair services, from complete oil changes to mufflers, tires, brakes and more. Gross revenues exceed $660,000 annually over the last 4 years, and currently on pace to exceed $700,000 for This is a great business opportunity. LOCATION OVERVIEW Romeoville (population 37,997) is a small community located about 30 miles southwest of Chicago. Manufacturing facilities comprise almost half the village's land. Vacant industrial space along Romeoville's I-55 corridor is at 34%. Price / SF: $ GASKIN DRIVE, ROMEOVILLE, IL SVN Chicago Commercial Page 5 The information presented here is deemed to be accurate, but it has not been independently verified. We make no guarantee, warranty or representation. It is your responsibility to independently confirm accuracy and completeness. All SVN offices are independently owned and operated.

6 Complete Highlights SALE HIGHLIGHTS Operating business and outstanding real estate Long-term employees Inherit a business system within a Meineke franchise Long established and loyal client base 7,200 ± SF masonry/steel constructed building 22 foot clear ceilings True turn-key opportunity 4 miles off I-55 on Weber Road GASKIN DRIVE, ROMEOVILLE, IL SVN Chicago Commercial Page 6 The information presented here is deemed to be accurate, but it has not been independently verified. We make no guarantee, warranty or representation. It is your responsibility to independently confirm accuracy and completeness. All SVN offices are independently owned and operated.

7 Additional Photos GASKIN DRIVE, ROMEOVILLE, IL SVN Chicago Commercial Page 7 The information presented here is deemed to be accurate, but it has not been independently verified. We make no guarantee, warranty or representation. It is your responsibility to independently confirm accuracy and completeness. All SVN offices are independently owned and operated.

8 2 LOCATION INFORMATION Gaskin Drive Romeoville, IL GASKIN DRIVE, ROMEOVILLE, IL SVN Chicago Commercial Page 8

9 Location Overview WILL COUNTY, IL Will County is located in the northern part of Illinois and is one of the fastest growing counties in the United States. Founded in 1836, Will County is a major hub for roads, rail and natural gas pipelines. This property is located 4 miles off I-55 at the Weber Road exit, and ½ block east of Weber Road between Airport and Renwick Roads, just west of the Lewis University Airport. CITY OF LOCKPORT - TOWNSHIP OF LOCKPORT, IL Lockport is a city in Will County, Illinois. that was incorporated in 1853 and is located in northeastern Illinois, 30 miles southwest of Chicago, and north of Joliet, at locks connecting Chicago Sanitary and Ship Canal with the Des Plaines River via the Lockport Powerhouse. Today, Lockport is a thriving city of more than 20,000 that s rapidly growing and looking toward the future. Lockport is leading the way in preserving and promoting the history of the Illinois and Michigan Canal Corridor, which is becoming a living history museum celebrating American enterprise and invention. The headquarters building of the Canal Commission, a National Historic Landmark, today serves as the home of the Illinois and Michigan Canal Museum. The native stone warehouses of the canal s heyday still stand, as does the first lock built on this vital waterway. The city is also actively working to preserve and promote the historic downtown district, which boasts many significant structures. VILLAGE OF ROMEOVILLE, IL Romeoville (population 37,997) is a small community located about 30 miles southwest of Chicago. Manufacturing facilities comprise almost half the village's land. During the recent economic downturn, the village experienced a significant decline in its manufacturing base. Along the village's I-55 corridor, 34 percent of industrial space is vacant. The village contains at least 24 brownfields. Between 2000 and 2010, the unemployment rate in Romeoville increased by more than six percent. At the same time, the village's population grew by 44 percent. This population increase has created a strain on the amount of funding available to clean up the target site. When the target site is cleaned up, the village plans to include it in redevelopment plans for the downtown area, which call for office and retail space and a community center. Redevelopment of the downtown area is expected to attract new businesses and increase property values GASKIN DRIVE, ROMEOVILLE, IL SVN Chicago Commercial Page 9 The information presented here is deemed to be accurate, but it has not been independently verified. We make no guarantee, warranty or representation. It is your responsibility to independently confirm accuracy and completeness. All SVN offices are independently owned and operated.

10 Regional Map Romeoville, IL GASKIN DRIVE, ROMEOVILLE, IL SVN Chicago Commercial Page 10 The information presented here is deemed to be accurate, but it has not been independently verified. We make no guarantee, warranty or representation. It is your responsibility to independently confirm accuracy and completeness. All SVN offices are independently owned and operated.

11 Location Maps GASKIN DRIVE, ROMEOVILLE, IL SVN Chicago Commercial Page 11 The information presented here is deemed to be accurate, but it has not been independently verified. We make no guarantee, warranty or representation. It is your responsibility to independently confirm accuracy and completeness. All SVN offices are independently owned and operated.

12 Aerial Map Romeoville, IL GASKIN DRIVE, ROMEOVILLE, IL SVN Chicago Commercial Page 12 The information presented here is deemed to be accurate, but it has not been independently verified. We make no guarantee, warranty or representation. It is your responsibility to independently confirm accuracy and completeness. All SVN offices are independently owned and operated.

13 Site Plan GASKIN DRIVE, ROMEOVILLE, IL SVN Chicago Commercial Page 13 The information presented here is deemed to be accurate, but it has not been independently verified. We make no guarantee, warranty or representation. It is your responsibility to independently confirm accuracy and completeness. All SVN offices are independently owned and operated.

14 3 FOR SALE COMPARABLES Gaskin Drive Romeoville, IL GASKIN DRIVE, ROMEOVILLE, IL SVN Chicago Commercial Page 14

15 For Sale Comps Subject Property Gaskin Drive, Romeoville, IL Sale Price: $950,000 Lot Size: 21,780 SF Year Built: 2001 Building SF: 7,200 SF Price PSF: $ SVN Chicago Commercial is pleased to offer, on behalf of Meineke Car Care Center of Romeoville, the sale of the entire operating business, including the real estate and all equipment. This business enterprise includes furniture, fixtures and equipment (F.F. & E) related thereto, in addition to the industrial real estate, on which Meineke operates. It is the desire of the owners to sell the entire enterprise, including real estate as an operating business Caton Farm Road Lockport, IL Sale Price: $575,000 Lot Size: 0.69 Acres Building SF: 8,000 SF Price PSF: $ Elsie Avenue Crest Hill, IL Sale Price: $345,000 Lot Size: 0.29 Acres 2 Year Built: 1960 Building SF: 10,000 SF Price PSF: $ Pasadena Avenue Crest Hill, IL Sale Price: $625,000 Lot Size: 0.6 Acres 3 Year Built: 1966 Building SF: 12,256 SF Price PSF: $ GASKIN DRIVE, ROMEOVILLE, IL SVN Chicago Commercial Page 15 The information presented here is deemed to be accurate, but it has not been independently verified. We make no guarantee, warranty or representation. It is your responsibility to independently confirm accuracy and completeness. All SVN offices are independently owned and operated.

16 For Sale Comps Phelps Avenue Romeoville, IL Sale Price: $900,000 Lot Size: 0.7 Acres 4 Year Built: 1972 Building SF: 12,783 SF Price PSF: $ Von Esch Road Joliet, IL Sale Price: $750,000 Lot Size: 0.86 Acres 5 Year Built: 1988 Building SF: 8,370 SF Price PSF: $ GASKIN DRIVE, ROMEOVILLE, IL SVN Chicago Commercial Page 16 The information presented here is deemed to be accurate, but it has not been independently verified. We make no guarantee, warranty or representation. It is your responsibility to independently confirm accuracy and completeness. All SVN offices are independently owned and operated.

17 For Sale Comps Summary SUBJECT PROPERTY PRICE BLDG SF PRICE/SF Gaskin Drive Romeoville, IL $950,000 7,200 SF $ SALE COMPS PRICE BLDG SF PRICE/SF CLOSE Caton Farm Road Lockport, IL $575, SF $71.88 On Market Elsie Avenue Crest Hill, IL $345, SF $34.50 On Market Pasadena Avenue Crest Hill, IL $625, SF $51.00 On Market Phelps Avenue Romeoville, IL $900, SF $70.41 On Market Von Esch Road Joliet, IL $750, SF $89.61 On Market PRICE BLDG SF PRICE/SF CLOSE Totals/Averages $639,000 10,282 SF $ GASKIN DRIVE, ROMEOVILLE, IL SVN Chicago Commercial Page 17 The information presented here is deemed to be accurate, but it has not been independently verified. We make no guarantee, warranty or representation. It is your responsibility to independently confirm accuracy and completeness. All SVN offices are independently owned and operated.

18 For Sale Comps Map SUBJECT PROPERTY Gaskin Drive, Romeoville, IL CATON FARM ROAD 2 Lockport, IL ELSIE AVENUE Crest Hill, IL PASADENA AVENUE 4 Crest Hill, IL PHELPS AVENUE Romeoville, IL VON ESCH ROAD Joliet, IL GASKIN DRIVE, ROMEOVILLE, IL SVN Chicago Commercial Page 18 The information presented here is deemed to be accurate, but it has not been independently verified. We make no guarantee, warranty or representation. It is your responsibility to independently confirm accuracy and completeness. All SVN offices are independently owned and operated.

19 3 SOLD COMPARABLES Gaskin Drive Romeoville, IL GASKIN DRIVE, ROMEOVILLE, IL SVN Chicago Commercial Page 19

20 Sold Comps Subject Property Gaskin Drive, Romeoville, IL Sale Price: $950,000 Lot Size: 21,780 SF Year Built: 2001 Building SF: 7,200 SF Price PSF: $ SVN Chicago Commercial is pleased to offer, on behalf of Meineke Car Care Center of Romeoville, the sale of the entire operating business, including the real estate and all equipment. This business enterprise includes furniture, fixtures and equipment (F.F. & E) related thereto, in addition to the industrial real estate, on which Meineke operates. It is the desire of the owners to sell the entire enterprise, including real estate as an operating business Canal Street Lockport, IL Sale Price: Year Built: $825, Lot Size: Building SF: 1.57 Acres 11,994 SF Price PSF: $68.78 Closed: 05/17/ Caton Farm Road Crest Hill, IL Sale Price: Year Built: $575, Lot Size: Building SF: 1.16 Acres 8,000 SF Price PSF: $71.88 Closed: 07/06/ Frances Street Lockport, IL Sale Price: Year Built: $250, Lot Size: Building SF: 0.5 Acres 7,800 SF Price PSF: $32.05 Closed: 05/12/ GASKIN DRIVE, ROMEOVILLE, IL SVN Chicago Commercial Page 20 The information presented here is deemed to be accurate, but it has not been independently verified. We make no guarantee, warranty or representation. It is your responsibility to independently confirm accuracy and completeness. All SVN offices are independently owned and operated.

21 Sold Comps W. Gaskin Drive Lockport, IL Sale Price: Year Built: $630, Lot Size: Building SF: 1.25 Acres 9,184 SF Price PSF: $68.60 Closed: 06/20/ GASKIN DRIVE, ROMEOVILLE, IL SVN Chicago Commercial Page 21 The information presented here is deemed to be accurate, but it has not been independently verified. We make no guarantee, warranty or representation. It is your responsibility to independently confirm accuracy and completeness. All SVN offices are independently owned and operated.

22 Sold Comps Summary SUBJECT PROPERTY PRICE BLDG SF PRICE/SF Gaskin Drive Romeoville, IL $950,000 7,200 SF $ SALE COMPS PRICE BLDG SF PRICE/SF CLOSE Canal Street Lockport, IL $825, SF $ /17/ Caton Farm Road Crest Hill, IL $575, SF $ /06/ Frances Street Lockport, IL $250, SF $ /12/ W. Gaskin Drive Lockport, IL $630, SF $ /20/2018 PRICE BLDG SF PRICE/SF CLOSE Totals/Averages $570,000 9,245 SF $ GASKIN DRIVE, ROMEOVILLE, IL SVN Chicago Commercial Page 22 The information presented here is deemed to be accurate, but it has not been independently verified. We make no guarantee, warranty or representation. It is your responsibility to independently confirm accuracy and completeness. All SVN offices are independently owned and operated.

23 Sold Comps Map SUBJECT PROPERTY Gaskin Drive, Romeoville, IL CANAL STREET 2 Lockport, IL CATON FARM ROAD Crest Hill, IL FRANCES STREET 4 Lockport, IL W. GASKIN DRIVE Lockport, IL GASKIN DRIVE, ROMEOVILLE, IL SVN Chicago Commercial Page 23 The information presented here is deemed to be accurate, but it has not been independently verified. We make no guarantee, warranty or representation. It is your responsibility to independently confirm accuracy and completeness. All SVN offices are independently owned and operated.

24 4 LEASE COMPARABLES Gaskin Drive Romeoville, IL GASKIN DRIVE, ROMEOVILLE, IL SVN Chicago Commercial Page 24

25 Lease Comps Summary Lease Comps Report Deals 6 Asking Rent Per SF $7.54 Starting Rent Per SF $6.33 Avg. Months On Market 13 LEASE COMPARABLES SUMMARY STATISTICS Rent Deals Low Average Median High Asking Rent Per SF 6 $5.36 $7.54 $6.17 $13.56 Starting Rent Per SF 2 $6.17 $6.33 $6.30 $6.43 Effective Rent Per SF Asking Rent Discount 2-7.2% -4.4% -3.6% 0.0% TI Allowance Months Free Rent Lease Attributes Deals Low Average Median High Months on Market Deal Size 6 3,500 4,417 4,152 5,600 Lease Deal in Years Floor Number 6 GRND GRND 1 1 Copyrighted report licensed to SVN l Chicago Commercial /10/2018 Page 1

26 Lease Comps Summary Lease Comps Report Lease Rents Property Name - Address Rating SF Leased Floor Sign Date Type Rent Rent Type Copper Ct - 4,320 1st 9/5/2018 New $9.00/mg Asking 2 3,984sf & 1/ac parking/ya 1019 Caton Farm Rd - 3,984 1st 6/11/2018 New $13.56/mg Asking Pasadena Ave - 5,600 GRND 11/13/2017 New $5.36/mg Asking Pasadena Ave - 5,600 GRND 4/10/2017 New $6.43/mg Starting Weber Rd - 3,500 1st 3/28/2017 New $6.17/n Asking Weber Rd - 3,500 1st 2/27/2017 New $6.17/n Starting Copyrighted report licensed to SVN l Chicago Commercial /10/2018 Page 2

27 Lease Comps Details Lease Comps Report Copper Ct Crest Hill, IL Joliet Area Ind Submarket LEASE SF Leased: 4,320 SF Sign Date: Sep 2018 Space Use: Industrial Lease Type: Direct Floor: 1st Floor LEASE TERM Start Date: Oct 2018 RENTS Asking Rent: $9.00/MG PROPERTY EXPENSES Taxes: $0.32/SF (2010) Operating Exp.: $0.42/SF (2010) Total Exp.: $0.74/SF (2010) TIME ON MARKET Date On Market: Jun 2018 Date Off Market: Sep 2018 Months on Market: 3 Months TIME VACANT Date Vacated: Jun 2018 Date Occupied: Oct 2018 Months Vacant: 3 Months MARKET AT LEASE Vacancy Rates 2018 Q3 YOY Current Building 32.7% Submarket 1-3 Star 9.5% Market Overall 6.0% 32.7% 4.1% -0.4% Same Store Asking Rent/SF 2018 Q3 YOY Current Building $ Submarket 1-3 Star Market Overall $6.86 $ % 3.5% LEASING REP john greene Commercial 1311 S Route 59 Naperville, IL Chris Condon (815) PROPERTY Property Type: Industrial Status: Built 2006 Tenancy: Multi Class: B Construction: Metal Parking: 30 free Surface Spa Rentable Area: 13,200 SF Stories: 1 Floor Size: 13,200 SF Ceiling Height: 18' Vacancy at Lease: 32.7% Land Acres: 1.23 Submarket Leasing Activity 2018 Q3 YOY 12 Mo. Leased SF 3,193,644 Months On Market % 4.3 Copyrighted report licensed to SVN l Chicago Commercial /10/2018 Page 3

28 Lease Comps Details Lease Comps Report Caton Farm Rd - 3,984sf & 1/ac parking/yard space Crest Hill, IL Joliet Area Ind Submarket LEASE SF Leased: 3,984 SF Sign Date: Jun 2018 Space Use: Industrial Lease Type: Direct Floor: 1st Floor RENTS Asking Rent: $13.56/MG CONCESSIONS AND BUILDOUT Mo. Free Rents: 0 Months LEASE TERM Start Date: Aug 2018 TIME ON MARKET Date On Market: Jan 2018 Date Off Market: Jun 2018 Months on Market: 5 Months TIME VACANT Date Vacated: Jul 2018 Date Occupied: Aug 2018 Months Vacant: 1 Month LEASING REP The Koenig Group Joliet, IL Mark Koenig (815) MARKET AT LEASE Vacancy Rates 2018 Q2 YOY Current Building - - Submarket 3-5 Star Market Overall 14.7% 6.2% 6.8% 0.0% Same Store Asking Rent/SF 2018 Q2 YOY Current Building $ Submarket 3-5 Star Market Overall $5.28 $ % 3.2% PROPERTY Property Type: Industrial Status: - Tenancy: Multi Class: B Parking: Ratio of 0.00/1,000 SF Rentable Area: 3,984 SF Stories: 1 Floor Size: 3,984 SF Ceiling Height: 18' Land Acres: 1.00 Submarket Leasing Activity 2018 Q2 YOY 12 Mo. Leased SF 4,601,358 Months On Market % 6.9 Copyrighted report licensed to SVN l Chicago Commercial /10/2018 Page 4

29 Lease Comps Details Lease Comps Report Pasadena Ave Crest Hill, IL Joliet Area Ind Submarket LEASE SF Leased: 5,600 SF Sign Date: Nov 2017 Space Use: Industrial Lease Type: Direct Floor: GRND Floor Suite: Space 1 RENTS Asking Rent: $5.36/MG PROPERTY EXPENSES Taxes: $0.99/SF (2017) LEASE TERM Start Date: Dec 2017 TIME ON MARKET Date On Market: Sep 2017 Date Off Market: Nov 2017 Months on Market: 3 Months TIME VACANT Date Vacated: Oct 2017 Date Occupied: Dec 2017 Months Vacant: 2 Months MARKET AT LEASE LEASING REP John Baumgartner 514 Pasadena Ave Crest Hill, IL John Baumgartner (815) Vacancy Rates 2017 Q4 YOY Current Building 0.0% 87.3% Submarket 1-2 Star 1.9% 3.1% Market Overall 6.3% 0.0% Same Store Asking Rent/SF 2017 Q4 YOY Current Building $ % Submarket 1-2 Star $ % Market Overall $ % PROPERTY Property Type: Industrial Status: Built 1966 Tenancy: Multi Class: C Construction: Metal Parking: 10 Surface Spaces a Rentable Area: 12,256 SF Stories: 1 Floor Size: 12,256 SF Ceiling Height: 11'-13' Vacancy at Lease: 0.0% Land Acres: 0.60 Submarket Leasing Activity 2017 Q4 YOY 12 Mo. Leased SF 5,379,227 Months On Market % 7.5 Copyrighted report licensed to SVN l Chicago Commercial /10/2018 Page 5

30 Lease Comps Details Lease Comps Report Pasadena Ave Crest Hill, IL Joliet Area Ind Submarket LEASE SF Leased: 5,600 SF Sign Date: Apr 2017 Space Use: Industrial Lease Type: Direct Floor: GRND Floor Suite: Space 1 RENTS Asking Rent: $6.00/MG Starting Rent: $6.43/MG CONCESSIONS AND BUILDOUT Asking Discount: -7.17% Buildout Status: Full Build-Out LEASE TERM Start Date: Jul 2017 Lease Term: 3 Years PROPERTY EXPENSES Taxes: $0.99/SF (2017) TIME ON MARKET Date On Market: Aug 2016 Date Off Market: Apr 2017 Months on Market: 9 Months TIME VACANT Date Vacated: Aug 2016 Date Occupied: Jul 2017 Months Vacant: 11 Months MARKET AT LEASE Vacancy Rates 2017 Q2 YOY Current Building 87.3% 4.9% Submarket 1-2 Star Market Overall 3.3% 6.2% 2.6% 0.3% PROPERTY Property Type: Industrial Status: Built 1966 Tenancy: Multi Class: C Construction: Metal Parking: 10 Surface Spaces a Rentable Area: 12,256 SF Stories: 1 Floor Size: 12,256 SF Ceiling Height: 11'-13' Vacancy at Lease: 87.3% Land Acres: 0.60 Same Store Asking Rent/SF 2017 Q2 YOY Current Building $6.00 Submarket 1-2 Star $7.10 Market Overall $ % 3.9% 3.7% Submarket Leasing Activity 2017 Q2 YOY 12 Mo. Leased SF 8,441,010 Months On Market % 0.2 Copyrighted report licensed to SVN l Chicago Commercial /10/2018 Page 6

31 Lease Comps Details Lease Comps Report Weber Rd Lockport, IL South I-55 Corridor Ind Submarket LEASE SF Leased: 3,500 SF Sign Date: Mar 2017 Space Use: Industrial Lease Type: Direct Floor: 1st Floor Suite: 2 LEASE TERM Start Date: Apr 2017 RENTS Asking Rent: $6.17/N CONCESSIONS AND BUILDOUT Buildout Status: Full Build-Out PROPERTY EXPENSES Taxes: $1.04/SF (2017) TIME ON MARKET Date On Market: Feb 2013 Date Off Market: Mar 2017 Months on Market: 50 Months TIME VACANT Date Occupied: Apr 2017 MARKET AT LEASE LEASING REP Steel Building Systems Co Weber Rd, Suite 5 Lockport, IL Rob Richardson (815) Vacancy Rates 2017 Q1 YOY Current Building 0.0% 0.0% Submarket 1-3 Star 5.9% 0.5% Market Overall 6.4% 0.2% Same Store Asking Rent/SF 2017 Q1 YOY Current Building $ % Submarket 1-3 Star Market Overall $7.56 $ % 3.8% PROPERTY Property Type: Industrial Status: Built 1981 Tenancy: Single Class: C Construction: Metal Parking: 15 free Surface Spa Rentable Area: 22,333 SF Stories: 1 Floor Size: 22,333 SF Ceiling Height: 14' Vacancy at Lease: 0.0% Land Acres: 4.94 Submarket Leasing Activity 2017 Q1 YOY 12 Mo. Leased SF 9,408,332 Months On Market % 0.6 Copyrighted report licensed to SVN l Chicago Commercial /10/2018 Page 7

32 Lease Comps Details Lease Comps Report Weber Rd Lockport, IL South I-55 Corridor Ind Submarket LEASE SF Leased: 3,500 SF Sign Date: Feb 2017 Space Use: Industrial Lease Type: Direct Floor: 1st Floor Suite: 4 RENTS Asking Rent: $6.17/N Starting Rent: $6.17/N CONCESSIONS AND BUILDOUT Asking Discount: 0.00% Buildout Status: Full Build-Out LEASE TERM Start Date: Mar 2017 Lease Term: 1 Year PROPERTY EXPENSES Taxes: $1.04/SF (2017) TIME ON MARKET Date On Market: Jun 2016 Date Off Market: Mar 2017 Months on Market: 8 Months TIME VACANT Date Occupied: Mar 2017 MARKET AT LEASE Vacancy Rates 2017 Q1 YOY Current Building 0.0% 0.0% Submarket 1-3 Star 5.9% 0.5% Market Overall 6.4% 0.2% Same Store Asking Rent/SF 2017 Q1 YOY Current Building $ % Submarket 1-3 Star $ % Market Overall $ % Submarket Leasing Activity 2017 Q1 YOY LEASING REP Steel Building Systems Co Weber Rd, Suite 5 Lockport, IL Rob Richardson (815) PROPERTY Property Type: Industrial Status: Built 1981 Tenancy: Single Class: C Construction: Metal Parking: 15 free Surface Spa Rentable Area: 22,333 SF Stories: 1 Floor Size: 22,333 SF Ceiling Height: 14' Vacancy at Lease: 0.0% Land Acres: Mo. Leased SF 9,408,332 Months On Market % 0.6 Copyrighted report licensed to SVN l Chicago Commercial /10/2018 Page 8

33 Asking Rent Per SF $7.54 Starting Rent Per SF $6.33 Effective Rent Per SF - Avg. Months Free Rent - DEALS BY ASKING, STARTING AND EFFECTIVE RENT DEALS BY ASKING RENT DISCOUNT DEALS BY MONTHS FREE RENT Copyrighted report licensed to SVN l Chicago Commercial /10/2018 Page 10

34 5 DEMOGRAPHICS Gaskin Drive Romeoville, IL GASKIN DRIVE, ROMEOVILLE, IL SVN Chicago Commercial Page 34

35 Demographic and Income Comparison Profile Gaskin Dr, Romeoville, Illinois, Prepared by Esri Rings: 1, 5, 10 mile radii Latitude: Longitude: mile Trends Annual Rate (in percent) Population Households Families Owner HHs Median HH Income Area State USA Population by Age Percent Household Income 2018 Population by Race $50K - $74K 27.7% $35K - $49K 14.1% $75K - $99K 13.4% $25K - $34K 6.7% $15K - $24K 5.5% < $15K 9.2% $200K+ 3.1% $150K - $199K 7.8% $100K - $149K 12.4% Percent White Black Am.Ind. Asian Pacific Other Two+ Hisp Source: U.S. Census Bureau, Census 2010 Summary File 1. Esri forecasts for 2018 and September 20, Esri

36 Demographic and Income Comparison Profile Gaskin Dr, Romeoville, Illinois, Prepared by Esri Rings: 1, 5, 10 mile radii Latitude: Longitude: miles Trends Annual Rate (in percent) Population Households Families Owner HHs Median HH Income Area State USA Population by Age Percent Household Income 2018 Population by Race $50K - $74K 20.5% $35K - $49K 12.8% $25K - $34K 7.7% $15K - $24K 7.2% < $15K 6.2% $200K+ 3.7% $150K - $199K 6.0% $75K - $99K 16.4% $100K - $149K 19.5% Percent White Black Am.Ind. Asian Pacific Other Two+ Hisp Source: U.S. Census Bureau, Census 2010 Summary File 1. Esri forecasts for 2018 and September 20, Esri

37 Demographic and Income Comparison Profile Gaskin Dr, Romeoville, Illinois, Prepared by Esri Rings: 1, 5, 10 mile radii Latitude: Longitude: miles Trends Annual Rate (in percent) Population Households Families Owner HHs Median HH Income Area State USA Population by Age Percent Household Income $50K - $74K 16.1% $75K - $99K 15.0% $100K - $149K 21.7% $35K - $49K 9.8% $25K - $34K 6.1% $15K - $24K 5.8% < $15K 5.7% $200K+ 9.2% $150K - $199K 10.6% 2018 Population by Race Percent White Black Am.Ind. Asian Pacific Other Two+ Hisp Source: U.S. Census Bureau, Census 2010 Summary File 1. Esri forecasts for 2018 and September 20, Esri

38 6 ADVISOR BIOS Gaskin Drive Romeoville, IL GASKIN DRIVE, ROMEOVILLE, IL SVN Chicago Commercial Page 38

39 Advisor Bio & Contact DANIEL VANCHIERI Advisor PROFESSIONAL BACKGROUND Daniel Vanchieri has been active in the financial and real estate industry for more than 20 years. As an advisor for SVN and a licensed real estate broker, his focus is primarily on the sale of industrial properties in the Chicagoland and surrounding areas; specializing in properties ranging from the 5,000 to 100,000 square feet. Daniel is enthusiastic in helping owner/users maximize their true objectives. He is always putting the client's interests above his own, insuring strong, long term relationships with the people with whom he works. Daniel understands that his business hinges on his reputation and doing what is best for his clients. His background is diverse with many years of experience in construction, property management, and operations. 940 West Adams Street, Suite 200 Chicago, IL T C daniel.vanchieri@svn.com As a successful trader for 18 years at the Chicago Board of Trade, Daniel developed his acute skills as a negotiator and deal maker. Through the many successful opportunities he created for both buyers and sellers, he proved his attention to detail to be unparalleled. As a result, he has a unique understanding on a variety of issues that owners/users face. Daniel is a graduate of DePaul University with a degree in finance and on a personal note, Daniel keeps very active with his wife and four children. He was a founding member and treasurer of Cass 63 Foundation for Educational Excellence. In addition, he was on the parish counsel at Our Lady of Mount Carmel Church, serving as Director of Finance and Chairman of the Building Committee GASKIN DRIVE, ROMEOVILLE, IL SVN Chicago Commercial Page 39 The information presented here is deemed to be accurate, but it has not been independently verified. We make no guarantee, warranty or representation. It is your responsibility to independently confirm accuracy and completeness. All SVN offices are independently owned and operated.

40 Advisor Bio & Contact JOHN MCDERMOTT Executive Director PROFESSIONAL BACKGROUND John McDermott serves as Executive Director of Sales and Director of its Industrial Practice for SVN Chicago Commercial in Chicago, Illinois. John is a member of the Executive Committee of the SVN Asset Recovery Team (SVNART), serves as its Southern California Regional Director and is also a member of the SVNIC Advisory Board. John also trains SVN Advisors nationwide. His commercial real estate experience includes the ownership and development of condominiums, mobile home parks, neighborhood anchored retail centers, recreational vehicle parks, and apartments with 45 years of real estate and finance experience. 940 West Adams Street, Suite 200 Chicago, IL T C john.mcdermott@svn.com IL # CalDRE # Prior to joining SVN, McDermott served as a broker, manager, and executive in California, Arizona, New York, Philadelphia, and Washington D.C for Marcus & Millichap. Previously, McDermott served as the manager of nationwide lending for First Federal Savings of Arizona where he was responsible for lending, loan administration, secondary marketing, foreclosure and trustee services, REO administration, data processing and mortgage banking. In addition, McDermott was the founder and chief credit officer for a De Novo Savings and Loan in Phoenix, Arizona (Sentinel Savings). McDermott is a member of the International Council of shopping Centers (ICSC) and the National Association of Industrial and Office Properties (NAIOP) and is member of that organization s Editorial Board for its Development magazine. McDermott earned a Bachelor of Science in real estate and finance with a minor in psychology from Arizona State University in Tempe, Arizona. EDUCATION B.S. Real Estate and Finance Arizona State University MEMBERSHIPS & AFFILIATIONS NAIOP ICSC Editorial Board - "Development Magazine" SVNIC Advisory Board SVNART Executive Committee GASKIN DRIVE, ROMEOVILLE, IL SVN Chicago Commercial Page 40 The information presented here is deemed to be accurate, but it has not been independently verified. We make no guarantee, warranty or representation. It is your responsibility to independently confirm accuracy and completeness. All SVN offices are independently owned and operated.

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