301 W. Roosevelt Road

Transcription

1 301 W. Roosevelt Road Offering Memorandum 301 W. ROOSEVELT ROAD WHEATON, IL PRESENTED BY: Steve Levitas Principal DIRECT Randy Bowles Senior Associate DIRECT

2 Table of Contents > INVESTMENT SUMMARY... 2 Investment Highlights... 3 Property Photographs... 4 Property Photographs... 5 Property Aerial... 6 Area Map... 7 Submarket Map... 8 > PROPERTY INFORMATION... 9 Physical Description Floor Plan Floor Plan Floor Plan Floor Plan > AREA OVERVIEW Local Area Overview Zoning > Investment Summary COLLIERS INTERNATIONAL 301 W. ROOSEVELT ROAD OFFERING MEMORANDUM COLLIERS INTERNATIONAL

3 INVESTMENT SUMMARY Investment Highlights 301 W. Roosevelt Road in Wheaton, Illinois is a two and partial three-story single tenant office building with an occupiable lower level. The Property is located along the north side of Roosevelt Road in Wheaton, Illinois an affluent suburb west of Chicago. The improvement contains approximately 19,813 SF of net rentable area and is situated on a basically rectangular-shaped corner parcel containing 43,124 SF of land area. The real estate is currently owner-occupied. The Property sits within Wheaton s CBD and less than one (1) mile from the Wheaton Metra Station with service from the Chicago CBD to Elburn, IL, located 20 miles west of Wheaton. It boasts high-end exterior and interior finishes, great access and visibility off a major Wheaton thoroughfare, and a wide range of uses. This Property is zoned O-R, Office and Research District, permitting uses for business and professional offices and research laboratories. Special uses for this Property would be for senior housing, nursery schools, adult day care facilities, inn/hospitality, mortuaries and private/public utility substations. 301 West Roosevelt Road shows exceptionally well and is designed for single tenant use. The Property is a high quality building with exposure and access to great area amenities, well below replacement cost. 301 W. ROOSEVELT ROAD OFFERING MEMORANDUM COLLIERS INTERNATIONAL P. 3

4 INVESTMENT SUMMARY Property Photographs CLOCKWISE FROM TOP: > Front > Side > Back Courtyard 301 W. ROOSEVELT ROAD OFFERING MEMORANDUM COLLIERS INTERNATIONAL P. 4

5 INVESTMENT SUMMARY Property Photographs CLOCKWISE FROM TOP: > Corridor > Office > Main Conference Room > Dining Area > Cubicle 301 W. ROOSEVELT ROAD OFFERING MEMORANDUM COLLIERS INTERNATIONAL P. 5

6 INVESTMENT SUMMARY Property Aerial 301 W. ROOSEVELT ROAD OFFERING MEMORANDUM COLLIERS INTERNATIONAL P. 6

7 INVESTMENT SUMMARY Area Map 301 W. ROOSEVELT ROAD OFFERING MEMORANDUM COLLIERS INTERNATIONAL P. 7

8 INVESTMENT SUMMARY Submarket Map 301 W. ROOSEVELT ROAD OFFERING MEMORANDUM COLLIERS INTERNATIONAL P. 8

9 301 W. Roosevelt Road Offering Memorandum > Property Information COLLIERS INTERNATIONAL

10 PROPERTY INFORMATION Physical Description > TOTAL LOT SIZE 43,124 sf > NET RENTABLE AREA: 19,813 sf > PROPERTY ADDRESS 301 West Roosevelt Road Wheaton, IL > YEAR BUILT 1987 > NO. OF FLOORS Three plus built-out lower level > PARKING 46 Surface spaces 3 Visitor spaces 3 Handicap spaces > ZONING O-R: Office & Research District > BUILDING EXTERIOR Brick > LAND/BUILDING RATIO 2.18:1 > TENANCY Vacant > OCCUPANCY Available July 2013 > TAXES $58, Taxes Paid in 2012 PIN > HVAC Gas-fired forced warm air heat and central air conditioning. In addition, each office suite has an individually controlled wall unit. > FIRE PROTECTION The entire building is fully sprinklered. > ELECTRICAL SERVICE 600 amp. main panel (3-phase, 4-wire). Back-up generator ( kva). > ELEVATOR 2,500 lbs. capacity passenger elevator. 301 W. ROOSEVELT ROAD OFFERING MEMORANDUM COLLIERS INTERNATIONAL P. 10

11 PROPERTY INFORMATION Floor Plan: First Floor 301 W. ROOSEVELT ROAD OFFERING MEMORANDUM COLLIERS INTERNATIONAL P. 11

12 PROPERTY INFORMATION Floor Plan: Second Floor 301 W. ROOSEVELT ROAD OFFERING MEMORANDUM COLLIERS INTERNATIONAL P. 12

13 PROPERTY INFORMATION Floor Plan: Third Floor 301 W. ROOSEVELT ROAD OFFERING MEMORANDUM COLLIERS INTERNATIONAL P. 13

14 PROPERTY INFORMATION Floor Plan: Lower Level 301 W. ROOSEVELT ROAD OFFERING MEMORANDUM COLLIERS INTERNATIONAL P. 14

15 301 W. Roosevelt Road Offering Memorandum > Area Overview COLLIERS INTERNATIONAL

16 AREA OVERVIEW Local Area Overview Wheaton, Illinois, a distinctive community of almost 53,000 residents situated just west of Chicago. Residents and visitors are drawn to the blend of big-city comforts and small-town charm that makes Wheaton an excellent place to live, work, shop and play. From its top-ranked schools and picturesque downtown to its historic neighborhoods and dynamic community, Wheaton is a comfortable place to call home. A few things Wheaton has to offer: Many choices for dining and shopping: A wide array of restaurants and shops are available throughout the city, from downtown Wheaton to the Danada area and beyond. Top-rated schools: Wheaton s schools consistently rank among the highest in the state, offering students a quality education and a wealth of opportunities. A healthy place to live: Chicago magazine ranked Wheaton the healthiest of Chicago s largest suburbs because of its low crime rate, vast open spaces and thriving downtown. Nationally ranked library: Wheaton s public library is rated one of the top 10 in the nation. In early 2007, it completed a massive expansion project, offering even more services to residents. Beautiful parks and recreation opportunities: The Wheaton Park District oversees 800 acres of land and 52 parks, offering an impressive array of outdoor activities. Access to healthcare: Wheaton is home to the Marianjoy Rehabilitation Hospital. In addition, Central DuPage Hospital, which is located in the nearby town of Winfield, was recognized by U.S. News and World Report in 2007 for its outstanding orthopedics program. Population Information Population (2010 Census): 52,894 Percentage Male/Female: Median Age: 48.7/51.3 percent 35.8 years Total Households: 19,377 Median Household Income: $73,385 Owner-Occupied Housing/ Renter-Occupied Housing: 74.1/25.9 percent Price of Average Single-Family Home: $433,000 Geographical Information Land Area: Distance to Chicago: Miles of Streets: Acres of Parks: Number of Parks: Mean Travel Time to Work: Weather Information Average Winter Temperature: Average Summer Temperature: Average Annual Rainfall: Average Annual Snowfall: square miles 30 miles 165 miles 800 acres (Park District) 52 (Park District) 28 minutes 24 degrees F 75 degrees F 33 inches 32 inches * SOURCE: W. ROOSEVELT ROAD OFFERING MEMORANDUM COLLIERS INTERNATIONAL P. 16

17 AREA OVERVIEW Zoning 301 W. ROOSEVELT ROAD OFFERING MEMORANDUM COLLIERS INTERNATIONAL P. 17

18 CONFIDENTIALITY & DISCLAIMER STATEMENT This Offering Memorandum contains select information pertaining to the business and affairs of the Property at 301 W. Roosevelt Road. It has been prepared by Colliers International. This Offering Memorandum may not be all-inclusive or contain all of the information a prospective purchaser may desire. The information contained in this Offering Memorandum is confidential and furnished solely for the purpose of a review by a prospective purchaser of the Property. It is not to be used for any other purpose or made available to any other person without the written consent of Seller or Colliers International. The material is based in part upon information supplied by the Seller and in part upon financial information obtained by 301 W. Roosevelt Road from sources it deems reliable. Owner, nor their officers, employees, or agents makes any representation or warranty, express or implied, as to the accuracy or completeness or this Offering Memorandum or any of its contents and no legal liability is assumed or shall be implied with respect thereto. Prospective purchasers should make their own projections and form their own conclusions without reliance upon the material contained herein and conduct their own due diligence. By acknowledging your receipt of this Offering Memorandum from 301 W. Roosevelt Road, you agree: 1) The Offering Memorandum and its contents are confidential; 2) You will hold it and treat it in the strictest of confidence; and 3) You will not, directly or indirectly, disclose or permit anyone else to disclose this Offering Memorandum or its contents in any fashion or manner detrimental to the interest of the Seller. Owner and Colliers International expressly reserve the right, at their sole discretion, to reject any and all expressions of interest or offers to purchase the Property and to terminate discussions with any person or entity reviewing this Offering Memorandum or making an offer to purchase the Property unless and until a written agreement for the purchase and sale of the Property has been fully executed and delivered. If you wish not to pursue negotiations leading to the acquisition of 301 W. Roosevelt Road or in the future you discontinue such negotiations, then you agree to purge all materials relating to this Property including this Offering Memorandum. A prospective purchaser s sole and exclusive rights with respect to this prospective transaction, the Property, or information provided herein or in connection with the sale of the Property shall be limited to those expressly provided in an executed Purchase Agreement and shall be subject to the terms thereof. In no event shall a prospective purchaser have any other claims against Seller or Colliers International or any of their affiliates or any of their respective officers, Directors, shareholders, owners, employees, or agents for any damages, liability, or causes of action relating to this solicitation process or the marketing or sale of the Property. This Offering Memorandum shall not be deemed to represent the state of affairs of the Property or constitute an indication that there has been no change in the state of affairs of the Property since the date this Offering Memorandum.