THE REAL ESTATE MARKET IS SLOW, THE
STOCK MARKET IS IN THE DUMPS,
(OIL & GAS PRICES ARE FINALLY DROPPING!),
BUT THIS BUILDING HAS BEEN STABLE FOR YEARS! THE RENT ROLL
AND RENTAL HISTORY SHOWS THAT!
EXPERTS SAY "NOW IS THE TIME TO
BUY!" AND THE OWNERS ARE WILLING TO HELP WITH CREATIVE
FINANCING, BUT NO LAND CONTRACTS! THIS IS YOUR OPPORTUNITY,
IF YOU DON'T, SOMEONE ELSE
IT'S UP TO YOU NOW.......
THIS 213,000 SQ. FT. BUILDING HAS BEEN APPRAISED BY A
CHICAGO FIRM AT
$3,875,000! WITH A
8.07% CAP RATE! THE OWNERS ARE WILLING TO ACCEPT
WITH ROOM FOR YOUR
THIS IS A MULTI-TENANT, FLEX-SPACE, MULTI-USE
BUILDING. UTILITIES ARE INCLUDED, MAKING THESE FIXED COST SPACES
EASIER TO RENT! HUNDREDS OF THOUSANDS OF DOLLARS HAVE BEEN SPENT ON
IMPROVEMENTS IN THE LAST 15 YEARS!
THE 2007 INCOME WAS
$437,671.00. THE 2008
INCOME WAS JUST UNDER
$492,765.00! THE 2009 INCOME IS
PROJECTED TO BE ABOUT THE SAME AS 2008, OR
PERHAPS 10% LESS! IT'S TOO EARLY TO SAY. RECENTLY MORE
PEOPLE HAVE BEEN LOOKING AT SPACE, BECAUSE WE INCLUDE UTILITIES, SO
MAYBE IT WILL COME IN EVEN HIGHER THAN 2008?
POTENTIAL INCOME: IF
FULLY RENTED AT THE CURRENT RENT RATE THE INCOME COULD BE OVER
(Most buildings of this size charge a Common Area
Maintenance fee (CAM). Just adding a .50 cent per square foot
annual CAM fee can add
$44,000 to the current income
$80,000.00 if fully rented!)
TOTAL SQUARE FOOTAGE IS
213,340! OF THAT AMOUNT
88,082 SQ. FT. IS CURRENTLY RENTED!
70,116 SQ. FT IS AVAILABLE TO RENT,
54,142 SQ. FT. IS COMMON AREA. (all
figures are approximate)
Vary from as small as 600 square feet to as large as
17,000 square feet depending on availability. Adjoining units can
be opened up easily for companies wanting to expand.
The building and spaces allow for a large amount of uses
such as Industrial, Manufacturing, Warehouse, Commercial, Office
& Artist Space.
Our reasonable rental rates include electric, heat*,
water, sewer, garbage, building maintenance, compressed air, snow
plowing, property taxes, building insurance, etc.
EASY BUILDING ACCESS:
We offer Tenants 24 hour 7 days a week access. We have
common area overhead doors with hallways large enough to drive a
forklift through, or in some cases a vehicle into for loading and
unloading. First floor units have roll-up doors leading into the
The building has all steel entrance doors with
steel frames and automatic locks (except for the front door), which
are unlocked during normal business hours and automatically lock
after hours and on weekends. Tenants have a key to the door closest
to their area. A VIDEO SECURITY SYSTEM has also been
purchased and should be installed in the next 3 months. This
system has 16+ cameras, a DIGITAL VIDEO RECORDER for long term
viewing and playback features, battery back-up and a VIEWABLE
LIVE ON-LINE feature, so that the building manager and the Property
Owner can view this property LIVE at their convienince 24 hours a
day 7 days a week!
ELECTRICAL AVAILABILITY: There
is 240 VOLT 3 PHASE Power Available along with standard
120 and 240 volt single phase. It has a double Buss Bar
System, one bus on the North Side and one on the South Side of the
building running almost the full length of the building, East to
FIRE SPRINKLER SYSTEM: This building
has a Fire Sprinkler System running throught the entire
building! It is tested quarterly and is in proper working
condition! It is tied into a automatic call system that
alerts a local security company, who notifies the fire
department! The local Firehouse is only about 2-3 miles
PARKING: There are 3
parking seperate parking lots and addtional parking area along the
entire length of the South side of the building. Total
parking for approximately 200-250 cars!
The building manager is willing to
stay on after the sale if needed. He said he can manage this
property easily for 3 hours a day on average. Or, is willing
to train you or someone else. He would also be renting 5,200 sf.
ft. under a 1 year lease, effective at closing, for
additional income not mentioned above, of
$2,395.00 per month!
IN CASE YOU MISSED IT ALREADY MENTIONED
A LOCAL BANK HAS REVIEWED THE FINANCIALS AND
IS READY TO FINANCE THIS DEAL!!! THE LOCAL BANK IS WILLING TO
FINANCE WITH 20% DOWNPAYMENT OR EQUITY, BUT ARE EVEN WILLING TO GO
WITH 10% DOWN IF YOU ARE A STRONG BUYER!
HUNDRED'S OF THOUSANDS OF DOLLARS
HAVE BEEN SPENT ON IMPROVEMENTS OVER THE LAS T 15 YEARS! HERE IS A
PARTIAL LIST: Thermopane windows with glass 3/4" thick for better R
factor; Insulation (R-22 in many of the walls; Rubber roofing 95%
newer, with insulation board installed underneath for more roof R
factor; automatic security locks, with timers, on steel doors, with
steel frames; widened overhead doors (13' wide for 12' steel loads)
with an R factor of 11 and openers with remotes: remodeled
bathrooms; asphalt parking lots: 400 amps added to the electric
service: 13' wide x 9' high steel roll-up doors installed on each
rental unit: security camera system and professional
Convenient Location: Located in a high traffic
area with a four lane street in front, which is also a local
highway! We are located only 80 miles or 115 minutes West from
the Chicago, IL area; 80 miles or 85 minutes from Madison, WI; 95
miles or 113 minutes from Milwaukee, WI. With even closer access to
Bypass 20, I-39 and I-90.
Need more info?:
THIS IS A CONFIDENTIAL LISTING TO
PROTECT THE BUYER'S, THE SELLER'S AND THE TENANTS FROM PANICING
ABOUT NEW OWNERSHIP, OR A POSSIBLE SALE! EMAIL US AND WE
WILL EMAIL YOU A NON-DISCLOSURE AGREEMENT...... SIGN IT AND
FAX IT BACK AND WE WILL EMAIL YOU BACK THE BUILDING WEBSITE ADDRESS
(For more and better pic's and more description details),THE
CHICAGO FIRM'S APPRAISAL; THE LAST FOUR YEARS OF PROFIT AND LOSS;
THE SPECIFICS ON RENTAL HISTORY; CURRENT RENTED SPACE; AVAILABLE
SPACE; EXPENSES; ETC.