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
Corporately guaranteed by Tesla Motors, Inc. (NASDAQ: TSLA; S&P: B-; Market Cap: 47.9 Billion) • 7-years remaining on lease with two, 5-year options • Tesla expanded their premises on two different occasions that nearly doubled their original space • 7.3% rental increase in 2020, 10% rental increases at the beginning of each option period • Significant tenant investment by Tesla to perform complete overhaul of the building including installation of four superchargers • 2nd floor tenant – Bystol Performance Center - high-profile personal training facility rated #1 in Chicagoland • Best-in-class signage and visibility in both directions with 70,000 VPD passing via US-41 • ±50,058 SF of total building area with ±15,000 SF of undeveloped land • Affluent North Shore Chicago suburb with an average household income of $200,000+ and population of 118,000+ people within a 5-mile radius
Fully occupied, two-story building with two retail tenants and two office tenants • US Bank (S&P AA- / Stable) accounts for 64% of the gross rental income • Annual escalations in all four leases: US Bank - 3.0%, I Love Kickboxing - 2.5%, CoreFX - 3.0%, Country Financial - 2.0% • Prime location with excellent visibility and accessibility along Western Avenue - adjacent to a public parking lot • 375 feet to the south is the CTA Western Brown Line ‘L’ Station that had a total of 1,316,310 passengers in 2016 • Strong vehicular counts of over 53,000 VPD at the intersection of Western and Lawrence Avenues • Population of 61,382 people within a 1-mile radius with an average household income of $94,000+
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.
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+
• 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+