1012 Airpark Drive Sugar Grove, IL 60554 PRESENTED BY: PROPERTY HIGHLIGHTS 45,000 SF Industrial Flex Building 2001 Masonry Construction 100% Leased to 3 Tenants Potential for up to 8 Units 4 Docks - 9 Overhead Doors Close to Aurora Airport
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SALE OVERVIEWVIEW SALE PRICE: $3,275,000 CAP RATE: 7.53% NOI: $246,551 LOT SIZE: 4.84 Acres BUILDING SIZE: 45,000 SF GRADE LEVEL DOORS: 8 DOCK HIGH DOORS: 4 CEILING HEIGHT: 17.0 FT YEAR BUILT: 2001 ZONING: M-1 PIN 13-13-476-003 PROPERTY DESCRIPTION 100% leased, multi-tenant, flex industrial warehouse building. Handsome masonry construction. 3 tenants. Built to accommodate 8 units. 2 depressed docks. 2 enclosed docks. 9 overhead doors. 17-23 ft ceiling height. 480-800a / 277v 3-phase. 2014 Taxes $41,969. LOCATION OVERVIEWVIEW Located on north side of US Rt 30. Turn north on Dugan and left of Airpark Dr. 1.2 miles from Aurora Municipal Airport entrance. 2.6 miles west of IL Rt 47. Access to I-88 via Route 30/Route 56. MARKET: SUB MARKET: CROSS STREETS: Chicago - Far West Kane County Dugan Rd
FOR SALE INDUSTRIAL Front Elevation Central Dock Doors Front Suite Entrance Depressed Dock (1 of 2) Rear Elevation Rear Entrances svnla vnlandma ndmark. rk.c com
TENANT NAME UNIT NUMBER UNIT SIZE (SF) LEASE START LEASE END ANNUALAL RENT % OF BUILDING PRICE PER SF/YR Milgard Manufacturing 1 & 2 10,000 09.01.12 08.31.16 $57,200 22.2 $5.72 Chicago Tribune 3 & 4 13,100 07.01.08 06.30.16 $81,613 29.1 $6.23 PolyFirst 5, 6 & 7 15,330 07.01.12 06.30.17 $76,650 34.1 $5.00 PolyFirst 8 6,570 04.01.13 06.30.17 $32,850 14.6 $5.00 Totals/Averages 45,000 $248,313 $5.52
INCOME SUMMARY 2013-1414 FINANCIALS Scheduled Net Rents $248,322 Expense Recovery $55,182 GROSS INCOME $303,504 EXPENSE SUMMARY 2013-1414 FINANCIALS Real Estate Taxes (payable 2015) $42,867 Insurance (2014) $3,189 Landscaping (2014) $3,883 Snow Removal (Est avg) $4,000 Utilities (2014) $2,062 Alarm Service (2014) $952 GROSS EXPENSES $56,953 NET OPERATING INCOME $246,551
INVESTMENT OVERVIEWVIEW 2014-1515 FINANCIALS Price $3,275,000 Price per SF $72.78 CAP Rate 7.5% Total Return (yr 1) $246,551 OPERATING DATA 2014-1515 FINANCIALS Gross Scheduled Income $248,262 Other Income $55,182 Total Scheduled Income $303,444 Gross Income $303,504 Operating Expenses $56,953 Net Operating Income $246,551
1012 Airpark Drive
Village Information Sugar Grove, IL Sugar Grove is a far west suburban Chicago village in Kane County. It has maintained its quiet country charm while existing in close proximity to a municipal airport, rail system and major road system. It has excellent schools. churches, parks and play areas, extensive youth sports programs and numerous community organizations. It is located 42 miles west of Chicago and is part of the State of Illinois Research & Development Corridor. There is excellent transportation access for business and personal needs. Sugar Grove is the western neighbor to Aurora, the 2nd largest city in Illinois. City Highlights Population 2015: 9,283 Medan Income 2015: $103,372 BNSF (Burlington Northern Santa Fe) Railroad crosses Sugar Grove from east to west, providing a rail spur for industrial opportunities. Airports: Aurora Municipal, Midway, O'Hare Transportation Access: Interstate 88 US Route 30 Illinois Routes 47 & 56 Pace Bus: 3 nearby local routes Chamber of Commerce and Industry Waubonsee Community College Festivals, farmers market
County Information Kane County Population 2011: 520,271-94% urban, 6% rural Land Area: 520 square miles Most notable natural feature is the Fox River. The largest cites are situated along the river - Aurora, Elgin, St Charles, Geneva, Batavia The 2030 Land Resource Management Plan divides the county into three areas: Urban Corridor - eastern portion of county Critical Growth Corridor - middle portion of county Agricultural/Rural Corridor - western portion of county Accessible Airports: O'Hare - Chicago Midway - Chicago DuPage - West Chicago Aurora Municipal - Sugar Grove Rail: Metra stops in Elgin, Aurora, Geneva, LaFox, Elburn The county seat is Geneva. Comprised of 16 townships Thriving commercial base. Farming has long been a way of life and an important economic activity in Kane County. Some farmland has been converted to accommodate increased growth. However, official efforts are being made to preserve and protect farmland. Pace Bus Routes Interstates: I-88, I-90 US Highways: 20, 30, 34 Higher Education: Aurora University Judson University Elgin Community College Waubonsee Community College The Forest Preserve District serves to preserve and protect the natural heritage of Kane County. 2012 - approximately 19,932 acres. Extensive biking and hiking trail system
Neil Johnson Sperry Van Ness/ Landmark Commercial Real Estate Neil Johnson serves as managing director / broker for Sperry Van Ness / Landmark Commercial Real Estate LLC, specializing in retail, office, and industrial properties - as well as vacant land - in west suburban Chicago. Johnson has 25+ years of experience in commercial real estate brokerage, investment and land development. He has participated in over 600 sale and lease transactions. 2007-2015 transaction volume has been more than $65 million. Johnson serves as the National Leasing Council Chair for Sperry Van Ness International. Prior to joining Sperry Van Ness, Johnson served as lead broker for the commercial division of Miscella Real Estate in Geneva IL. Memberships & Affiliations International Council of Shopping Centers (ICSC) Phone: Fax: 630.938.4960 Cell: 630.669.1414 Email: Address: 25 N Third Street, Suite 200 Geneva, IL 60134 Johnson is active in St. Charles, Geneva and Batavia civic groups including chambers of commerce and Illinois Main Street organizations. He serves on the board of directors for the Geneva Chamber of Commerce. Johnson is also an active member of Batavia Covenant Church, where he served as Chairman for three years. Johnson earned a masters degree from Loyola University and a bachelor of arts from North Park College. He was honored with the Community Image Award from the St. Charles Chamber of Commerce, and the Richard H. Driehouse Foundation Award from Landmarks Preservation Council of Illinois for redevelopment of an historic hotel in downtown St. Charles IL.