Investment Highlights • 98% leased to national, regional and local tenants: 55% of income is generated by national and regional tenants • Multi-tenant and mixed-use property with staggered rollover spreads investment risk • Asking price of $80 PSF is substantially below replacement cost • Estimated population of 267,000+ with a daytime population of 297,000+ within 5-miles • More than 106,000 households within a 5-mile radius with an average household income of over $108,000 • Significant in-place income with a long-term redevelopment opportunity
Baum Realty Group has been exclusively retained to market for sale a one of a kind, value-add opportunity located in Chicago’s Bucktown / Wicker Park submarket. The opportunity consists of three different groups of buildings along N. Milwaukee Avenue and N. Wood Street. The buildings are are located at 1421 - 1427 N. Milwaukee Avenue, 1431 - 1437 N. Milwaukee Avenue & 1428 - 1430 N. Wood Street in Chicago, IL. The groups of properties are being offered separately or together. The properties will be grouped in the following manner within this offering memorandum: Group A – 1431 - 1437 N. Milwaukee Avenue; Group B – 1421 - 1427 N. Milwaukee Avenue; Group C – 1428 - 1430 N. Wood Street.
• 2016 construction, four-story elevator building located in an area of intense residential and commercial demand • 300 feet from the CTA Division Blue Line ‘L’ Station that connects Bucktown / Wicker Park to O'Hare International Airport and the ‘Loop’ CBD • Twelve (12) luxury apartments including one, two and three bedroom layouts with parking, private outdoor spaces and designer finishes – average unit size 1,010 SF • Commercial space leased to Fairway Mortgage (300+ locations, corporately guaranteed lease) • Bucktown / Wicker Park is defined by acclaimed restaurants / bars, art galleries, entertainment venues, public parks and shopping options at both boutique and national retailers • Interstate 90 / 94 is just a ¼ mile away provides superior access • Average household income of $120,000+ with a population of 49,000+ within 1-mile
Prime retail or mixed-use development site. B-3 zoning, General Commercial and Office District (Village of Wheeling may provide a planned development at this site). 9.09 acres (±396,007 square feet) of total land. ± 369 linear feet of frontage on E. Dundee Road and ±439 linear feet on N. Milwaukee Avenue. Located at a signalized intersection. Very strong traffic counts with E. Dundee Road and N. Milwaukee Avenue totaling ±65,000 vehicles per day. Existing short-term leases in office building with positive cash flow.
Investment Highlights • Located adjacent to Arlington International Racecourse and new $350 million mixed-use Arlington Downs development • Signalized entrance to the property and Arlington Office Park on Euclid Avenue and Salt Creek Lane offers superior vehicular access • Tremendous visibility with ±23,000 VPD along Euclid Avenue • ±18,419 square feet of rentable building area on ±158,462 square feet (3.6 acres) of land • ±116 parking spaces • Scheduled rental increases provide investors with a hedge against inflation and significant asset appreciation • Starbucks (NASDAQ: SBUX, S&P A-) has four, five year options featuring 10% rent increases each term • Subway exercised their first option and has two, five year options remaining with 2% annual increases • Proximity to Highway IL-53 (141,200 VPD) which is a major highway running north / south connecting all of the northwest and southwest suburbs of Chicago
Rare redevelopment opportunity in Bucktown / Wicker Park neighborhood . ±25,823 square feet of building area. B3-2 Zoning; Milwaukee Avenue Historic District. Historic tax credits available. No parking requirements. Flat roof above 1421 N. Milwaukee Avenue could be used creatively as outdoor spaces. Simplicity of layout allows redesign of current spaces. Possible signage to be placed on water tower. 1 block from Wicker Park and ½ mile from Chicago’s first elevated trail – “The 606” or “Bloomingdale Trail” . Redevelopment opportunities include combinations of multi-level retail, residential, loft office, etc. Damen (1/4 mile northwest) & Division (1/3 mile southeast Blue Line ‘L’ stations experience 2,000,000+ and 1,800,000+ passengers a year, respectively. Adjacent property at 1428 – 1430 N. Wood is being offered separately and can be purchased as a portfolio.
Corporate Family Dollar (NASDAQ: DLTR; S&P: BB+), Credit Tenant • 5-years remaining on 1st option period • 10% rental increases at the beginning of each option period • NN Lease - limited landlord responsibilities (roof & structure only) • Transit Oriented Development (“TOD”) eligible site - numerous recent zoning changes have set precedent to provide significantly more density • Adjacent to the CTA California Blue Line ‘L’ Station that had a total of 1,653,626 passengers in 2016 (3.0% increase) • Irreplaceable location on Milwaukee Avenue in the thriving Logan Square neighborhood with access to numerous modes of transportation • Population of 65,510 people within a 1-mile radius with an average household income of $86,000+
Investment Highlights • Value-add retail in robust West Loop submarket • ±22,797 square feet of prime urban retail space • Carrying income from Staples of $33,980 per month through March 2017 provides cash ﬂ ow from a credit tenant • Irreplaceable location with high barriers to entry • Rare on-site parking for tenants and retail customers • Strong demographics, with best-in-market trafﬁc counts (over 39,300 VPD) • ¼ mile from the United Center and recently unveiled new Bulls practice facility and the ±190,000 square foot ofﬁce building currently under construction (Fall 2016 completion) • New CTA Bus Rapid Transit route along Ashland Avenue under consideration • Directly across from the former Salvation Army site - 5-acre full city block that is in preliminary planning for redevelopment • ¼ mile from Illinois Medical District: the State of Illinois’ largest biotechnology / medical complex consisting of 560 acres, 2,200 hospital beds; 29,230 employees and receives 75,000 visitors daily • $300-million mixed-use development has been approved for the Illinois Medical District
• Rarely available development parcel in an irreplaceable location in Chicago’s Wrigleyville / Lakeview neighborhood • ±12,000 square feet of land zoned B3-2 • Transit Oriented Development (TOD) eligible site • Potential for 3.5 : 1 zoning density providing up to 42,000 buildable square feet • Countless new developments and commercial activity in the immediate area including the Addison & Clark and Hotel Zachary developments • Proximate to two CTA ‘L’ Stations - Addison Red Line (2 blocks) and Sheridan Red & Purple Line (1 block) • 1 block north of Wrigley Field
Investment Highlights • Value-add opportunity with redevelopment potential in irreplaceable 'A' location • ½ block from ‘L’ station • CTA North / Clybourn Red Line ‘L’ Station that had a total of 2,146,351 passengers in 2015 (4.7% increase from 2014) • Excellent visibility along Weed Street and site lines from Halsted Street and Clybourn Avenue • Located ½ block west of New City, the $260 million development with 199 apartments and 380,000 square feet of retail • Population of 55,983 people within a 1-mile radius with an average household income of $125,000+ • Area retail tenants include Apple, Whole Foods, Bed, Bath and Beyond, Best Buy, buybuy Baby, Chase Bank, Crate & Barrel, Home Depot, Trader Joe’s, Pottery Barn, Nordstrom Rack, DSW and Williams Sonoma among others
• Three-story building with ±4,875 square feet of rentable building area • Four (4) apartments include two (2) bedrooms and one (1) bathroom • Retail tenant since 2004 - Lucky’s Sandwich Company • Value-add apartments – ability to upgrade units and increase rental income • 3 blocks from the CTA Addison Red Line ‘L’ Station that had a total of 3,034,778 passengers in 2015 • Mixed-use property keeps taxes low with just a 10% assessment level • Countless new developments and commercial activity in Wrigleyville including new hotels, entertainment venues and restaurants • Population of 92,810 people within a 1-mile radius with an average household income of $117,000+
Baum Realty Group has been exclusively retained to market for sale a redevelopment opportunity consisting of ± 10,135 square feet of existing building area located at 1122 - 1126 W. Bryn Mawr Avenue in Chicago, IL. The total land area of the property is ± 11,250 square feet (0.26 acres) and is located on the north side of W. Bryn Mawr Avenue just east of N. Broadway Street with ±75 linear feet of frontage in Chicago’s Edgewater neighborhood. The property is being sold as “vacant” thereby allowing immediate access to execute a redevelopment plan. Please do not disturb tenants.
Investment Highlights: • ±9,240 SF 100% occupied with a variety of tenants; medical, retail and personal services • Tremendous location between Six Corners and Kennedy Expressway (I-90/94) • Corner building with excellent visibility along Irving Park Road and Lowell Avenue • 1/3 mile to the CTA Irving Park Blue Line ‘L’ Station that had a total of 1,438,569 passengers in 2015 (3.6% increase from 2014) • 1/3 mile to the Metra Irving Park station serving the UP-NW Rail from Ogilvie (Downtown CBD) to Harvard, IL, serving the North and Northwest Suburbs • Strong vehicular counts exceeding 33,000 along Irving Park Road • Population of 47,943 people within a 1-mile radius with an average household income of $72,000+ • 1/2 mile from The Point at Six Corners, the ±100,000 square feet retail development anchored by Aldi and Ross Dress for Less
All tenants are on NNN leases with annual rent escalations of 3% or more • ±6,760 SF of building area positioned on ±12,053 land SF • Four (4) suites ranging between 1,000 - 2,000 SF • Strong vehicular counts exceeding 16,100 VPD along Elston Avenue • Population of 59,423 people within a 1-mile radius with an average household income of $69,000+
Investment Highlights - Existing freestanding restaurant – 8,963 SF - $600,000+ of capital expenditures to completely renovate in 2014 - Excellent development opportunity providing significant visibility on Milwaukee Avenue with ±340 linear feet of frontage - This stretch of Milwaukee Avenue is defined by some of the highest grossing restaurants in Chicagoland - Ample and easy surface parking – ±100 parking spaces - Exceptional vehicular traffic counts exceeding 37,200 VPD - Located just north of the 412-room Westin Chicago North Shore and the 500,000+ SF - Riverwalk Office Complex while the 90-unit 301 Riverwalk Place Apartments are adjacent to the east - Over 100,000 employees within 3-mile radius - Population of 216,000+ people and a daytime population of 254,000+ people with an average household income of $118,703 within 5-miles
• Vacant commercial condo with two (2) parking spaces • ±5,875 SF of completely built out office space, easy to demise into two suites with separate entrances • Private offices, bathrooms, conference rooms, reception area and 4 bathrooms • Tremendous location – 300 feet from Chicago Blue Line ‘L’ station (1.3 million passengers) • Numerous new developments and commercial activity in the immediate area – four major mixed-use projects totaling 812 apartments and 63,000 retail square footage – brings increased density • Area retail tenants include CVS, U.S. Bank, Dunkin’ Donuts, 7-Eleven, Subway, Concentra, among others • Population of 43,560 people within a 1-mile radius with an average household income of $116,000+
High-profile location along one of Chicago’s most notable high-street retail corridors – Damen Avenue - ±139 feet of retail frontage • Three-story building with ±12,759 gross SF plus basement presents a value-add opportunity with restaurant infrastructure and immense optionality for vacant 2nd and 3rd floors • ±3,885 SF development parcel with 80’ depth ideal for a retail flagship location or mixed-use building • 350 feet to the CTA Damen Blue Line ‘L’ Station that had a total of 2,200,000+ passengers in 2015 that connects Bucktown / Wicker Park to O’Hare International Airport and the “Loop” CBD • Damen Avenue retailers include lululemon, Intermix, TOMS Shoes, Nike, Cynthia Rowley, Arc’Teryx, David’s Tea, Bucketfeet, Aesop, diptyque, Shinola, Alexis Bittar, LUSH, Journelle, Scotch & Soda, Marine Layer • Area retail tenants include Walgreens (flagship), Starbucks Reserve, Steve Madden, Fluevog, Urban Outfitters, Furious Spoon, Le Labo, Stan’s Donuts, Dr. Martens, Big Star • Heavy foot traffic and vehicular counts of over 44,500 VPD at the six way intersection of Damen, Milwaukee and North Avenues • Population of 63,000+ people within a 1-mile radius with an average household income of $100,000+
Located in the epicenter of Chicago’s most exciting neighborhood – a true ‘live, work, play' location · Commercial space is 100% leased to a complementary group of diverse retail tenants · Nine unique loft apartments with below market rents on short-term leases · Located one block from both 1K Fulton (Google’s Midwest Headquarters) and McDonald's Global Headquarters · 200 feet to the CTA Morgan Green and Pink Line ‘L’ Station · Area of increasing population density with 49,434 within a 1-mile radius with an average household income of $127,000+