FOR SALE - LoopNet€¦ · FOR SALE 219 N. Justine Street, Chicago, Illinois 60607 Property...
Transcript of FOR SALE - LoopNet€¦ · FOR SALE 219 N. Justine Street, Chicago, Illinois 60607 Property...
CBCNRT.COM The broker has NOT undertaken an independent investigation to verify the accuracy or completeness of the information herein, except as required by law or regulation. The information contained herein has been provided to the Broker by the Owner or has been obtained from other third party sources deemed to be reliable. Prior to entering into a contract, Purchaser is strongly encouraged to verify the accuracy of all information contained herein, including all information concerning Purchaser’s intended use of the property. Operated by a subsidiary of NRT LLC.
James Hodur 773-255-4986 Cell
Coldwell Banker Commercial NRT
1338 W. Madison Street
Chicago, Illinois 60607
FOR SALE 219 N. Justine Street, Chicago, Illinois 60607
Property Information
PRICE $4,499,000.00 $3,999,000.00
BUILDING SQFT 8,000 Sq.Ft.
CAP RATE 7.22%
YEARLY NET RENT $288,884.52
TERM 7 Years Remaining With 5% Yearly Increases FEATURES - NNN Leased Investment Property - High Profile Tenant - Recording Studio - 2-Story - 4,000 Sq.Ft. Per Floor DESCRIPTION
Net leased two story industrial building located in the “West Loop” in between Lake and Fulton. At the Ashland Green Line stop.
W. Fulton Market
Single Tenant Net Lease Investment
PRICE REDUCED! W. Fulton Market
James Hodur | 773-255-4986 Cell | [email protected]
FOR SALE 219 N. Justine Street, Chicago, Illinois 60607
CBCNRT.COM The broker has NOT undertaken an independent investigation to verify the accuracy or completeness of the information herein, except as required by law or regulation. The information contained herein has been provided to the Broker by the Owner or has been obtained from other third party sources deemed to be reliable. Prior to entering into a contract, Purchaser is strongly encouraged to verify the accuracy of all information contained herein, including all information concerning Purchaser’s intended use of the property. Operated by a subsidiary of NRT LLC.
MLS Listing Information
James Hodur | 773-255-4986 Cell | [email protected]
FOR SALE 219 N. Justine Street, Chicago, Illinois 60607
CBCNRT.COM The broker has NOT undertaken an independent investigation to verify the accuracy or completeness of the information herein, except as required by law or regulation. The information contained herein has been provided to the Broker by the Owner or has been obtained from other third party sources deemed to be reliable. Prior to entering into a contract, Purchaser is strongly encouraged to verify the accuracy of all information contained herein, including all information concerning Purchaser’s intended use of the property. Operated by a subsidiary of NRT LLC.
Tenant: Year: Date: Monthly: Yearly:
Tenant Yr. 1 Oct.1, 2015 - Sept. 30,2016 $20,795.83 $249,549.96
Yr. 2 Oct.1, 2016 - Sept. 30,2017 $21,835.62 $262,027.44
Yr. 3 Oct.1, 2017 - Sept. 30,2018 $22,927.41 $275,128.92
Yr. 4 Oct.1, 2018 - Sept. 30,2019 $24,073.71 $288,884.52
Yr. 5 Oct.1, 2019 - Sept. 30,2020 $25,277.40 $303,328.80
Yr. 6 Oct.1, 2020 - Sept. 30,2021 $26,541.27 $318,495.24
Yr. 7 Oct.1, 2021 - Sept. 30,2022 $27,868.33 $334,420.00
Yr. 8 Oct.1, 2022 - Sept. 30,2023 $29,261.75 $351,140.96
Yr. 9 Oct.1, 2023 - Sept. 30,2024 $30,724.84 $368,698.05
Yr. 10 Oct.1, 2024 - Sept. 30,2025 $32,261.08 $387,132.98
Tenant Income Summary
Tenant pays 100% of all the expenses of the property. These expenses include but are
not limited to real estate taxes, insurance, common area maintenance, refuse, water/
sewer, gas and electric.
2 - Five Year Options to Renew at 5% Annual Escalations
James Hodur | 773-255-4986 Cell | [email protected]
FOR SALE 219 N. Justine Street, Chicago, Illinois 60607
CBCNRT.COM The broker has NOT undertaken an independent investigation to verify the accuracy or completeness of the information herein, except as required by law or regulation. The information contained herein has been provided to the Broker by the Owner or has been obtained from other third party sources deemed to be reliable. Prior to entering into a contract, Purchaser is strongly encouraged to verify the accuracy of all information contained herein, including all information concerning Purchaser’s intended use of the property. Operated by a subsidiary of NRT LLC.
Plat Survey &
Floor Plans
Images from 2015
1st Floor 2nd Floor
James Hodur | 773-255-4986 Cell | [email protected]
FOR SALE 219 N. Justine Street, Chicago, Illinois 60607
CBCNRT.COM The broker has NOT undertaken an independent investigation to verify the accuracy or completeness of the information herein, except as required by law or regulation. The information contained herein has been provided to the Broker by the Owner or has been obtained from other third party sources deemed to be reliable. Prior to entering into a contract, Purchaser is strongly encouraged to verify the accuracy of all information contained herein, including all information concerning Purchaser’s intended use of the property. Operated by a subsidiary of NRT LLC.
Building Photos - Images Taken in 2015
James Hodur | 773-255-4986 Cell | [email protected]
FOR SALE 219 N. Justine Street, Chicago, Illinois 60607
CBCNRT.COM The broker has NOT undertaken an independent investigation to verify the accuracy or completeness of the information herein, except as required by law or regulation. The information contained herein has been provided to the Broker by the Owner or has been obtained from other third party sources deemed to be reliable. Prior to entering into a contract, Purchaser is strongly encouraged to verify the accuracy of all information contained herein, including all information concerning Purchaser’s intended use of the property. Operated by a subsidiary of NRT LLC.
Building Photos - Images Taken in 2015
James Hodur | 773-255-4986 Cell | [email protected]
FOR SALE 219 N. Justine Street, Chicago, Illinois 60607
CBCNRT.COM The broker has NOT undertaken an independent investigation to verify the accuracy or completeness of the information herein, except as required by law or regulation. The information contained herein has been provided to the Broker by the Owner or has been obtained from other third party sources deemed to be reliable. Prior to entering into a contract, Purchaser is strongly encouraged to verify the accuracy of all information contained herein, including all information concerning Purchaser’s intended use of the property. Operated by a subsidiary of NRT LLC.
Aerials
James Hodur | 773-255-4986 Cell | [email protected]
FOR SALE 219 N. Justine Street, Chicago, Illinois 60607
CBCNRT.COM The broker has NOT undertaken an independent investigation to verify the accuracy or completeness of the information herein, except as required by law or regulation. The information contained herein has been provided to the Broker by the Owner or has been obtained from other third party sources deemed to be reliable. Prior to entering into a contract, Purchaser is strongly encouraged to verify the accuracy of all information contained herein, including all information concerning Purchaser’s intended use of the property. Operated by a subsidiary of NRT LLC.
Zoning Map & Ward Map
Zoning Jurisdiction: City of Chicago
Current Zoning: PMD-4
Legally Conforming: Yes
219 N. Justine Street, Chicago 60607
James Hodur | 773-255-4986 Cell | [email protected]
FOR SALE 219 N. Justine Street, Chicago, Illinois 60607
CBCNRT.COM The broker has NOT undertaken an independent investigation to verify the accuracy or completeness of the information herein, except as required by law or regulation. The information contained herein has been provided to the Broker by the Owner or has been obtained from other third party sources deemed to be reliable. Prior to entering into a contract, Purchaser is strongly encouraged to verify the accuracy of all information contained herein, including all information concerning Purchaser’s intended use of the property. Operated by a subsidiary of NRT LLC.
Demographics
James Hodur | 773-255-4986 Cell | [email protected]
FOR SALE 219 N. Justine Street, Chicago, Illinois 60607
CBCNRT.COM The broker has NOT undertaken an independent investigation to verify the accuracy or completeness of the information herein, except as required by law or regulation. The information contained herein has been provided to the Broker by the Owner or has been obtained from other third party sources deemed to be reliable. Prior to entering into a contract, Purchaser is strongly encouraged to verify the accuracy of all information contained herein, including all information concerning Purchaser’s intended use of the property. Operated by a subsidiary of NRT LLC.
Population & Households
Demographics
Household Income
James Hodur | 773-255-4986 Cell | [email protected]
FOR SALE 219 N. Justine Street, Chicago, Illinois 60607
CBCNRT.COM The broker has NOT undertaken an independent investigation to verify the accuracy or completeness of the information herein, except as required by law or regulation. The information contained herein has been provided to the Broker by the Owner or has been obtained from other third party sources deemed to be reliable. Prior to entering into a contract, Purchaser is strongly encouraged to verify the accuracy of all information contained herein, including all information concerning Purchaser’s intended use of the property. Operated by a subsidiary of NRT LLC.
Confidentiality Statement
This offering has been prepared solely for informational purposes. It is designed to assist a
potential investor in determining whether it wishes to proceed with an in-depth investigation
of the subject property. While the information contained herein is from sources deemed
reliable, it has not been independently verified by Coldwell Banker Commercial NRT or by
the Seller.
The projections and pro forma budget contained herein represent best estimates on as-
sumptions considered reasonable under the circumstances. No representations or warran-
ties, expressed or implied, are made that actual results will conform to such projections.
This document is provided subject to errors, omissions and changes in the information and
is subject to modification or withdrawal. The contents herein are confidential and are not to
be reproduced without the express written consent.
Interested buyers should be aware that the Seller is selling the Property “AS IS” CONDI-
TION WITH ALL FAULTS, WITHOUT REPRESENTATIONS OR WARRANTIES OF ANY
KIND OR NATURE. Prior to and/or after contracting to purchase, as appropriate, buyer will
be given a reasonable opportunity to inspect and investigate the Property and all improve-
ments thereon, either independently or through agents of the buyer’s choosing.
The Seller reserves the right to withdraw the Property being marketed at any time without
notice, to reject all offers, and to accept any offer without regard to the relative price and
terms of any other offer. Any offer to buy must be: (i) presented in the form of a non-
binding letter of intent; (ii) incorporated in a formal written contract of purchase and sale to
be prepared by the Seller and executed by both parties; and (iii) approved by Seller and
such other parties who may have an interest in the Property. Neither the prospective buyer
nor Seller shall be bound until execution of the contract of purchase and sale, which con-
tract shall supersede prior discussions and writings and shall constitute the sole agreement
of the parties.
Prospective buyers shall be responsible for their costs and expenses of investigating the
Property and all other expenses, professional or otherwise, incurred by them.
FOR MORE DETAILS CONTACT:
James Hodur [email protected]
(M): 773-255-4986
(F): 781-810-9545
Coldwell Banker Commercial NRT
1338 West Madison Street, Chicago, IL 60607