Retail/Office Space With Dedicated Parking For Sale Or For Lease

Transcription

1 Retail/Office Space With Dedicated Parking For Sale Or For Lease Adam Thomas Chad Schroedl Drew Dillon

2 Leasing Summary LEASING OVERVIEW Available Space: Parking: Asking Rent: Asking Price: 2,000 RSF Up to 12 Spaces $34/RSF NNN Subject to Offer 2019 Association Fee: $0.54/RSF Est Tax Bill: $6.00/RSF Est. Total Pass Thurs: $6.54/RSF Available Occupancy: Immediately Ceiling Heights: Frontage: 12 Feet 49 Feet Property Pin: Zoning: C1-3 Sub-Market: West Loop Leasing Highlights Excellent West Loop location with 49 feet of frontage along Loomis Street Up to 12 dedicated parking spaces for the two 2,000 SF commercial spaces can be achieved Street-level new construction space located underneath eight luxury townhomes Located a half mile from the Ashland CTA Station and a half block from the Madison 20 Bus Line Space ideal for a variety of uses including medical, retail, and office 2

3 North Unit Overview FLOOR PLAN North Unit North Unit: Asking Rent: Est. Pass Thrus: Ceiling Height: 2,000 RSF $34/RSF NNN $6.54/RSF 12 Feet Frontage: 49 Feet 18' 18' 27' 35' 15' 5' 5' 54' 15' 15' 25' 24'-9" 66' 2000 square ft 2000 square ft SOUTH UNIT Open for Discussion 24' 24' NORTH UNIT Available Now 48' 49' *Occupying/purchasing the 2,000 SF South unit is open for discussions 3

4 PROPERTY SURVEY 4

5 WEST LOOP DESCRIPTION NEIGHBORHOOD SNAPSHOT MEDIAN AGE 33 AVERAGE INCOME PER HOUSEHOLD $135,000 The West Loop is Chicago s former warehouse district and is among the most rapidly developing neighborhoods in the country. Originally a mix of factories, meat markets, and wholesale produce outlets, the neighborhood has seen a major demographic shift over the last decade. The historic brick and timber loft buildings that define the neighborhood have largely been converted to other uses, including a mix of luxury condos, creative offices, art galleries, critically acclaimed restaurants, hotels, and retail boutiques. ESTIMATED DAYTIME POPULATION 94,000 NEIGHBORHO0D HOTEL ROOMS 845+ ESTIMATED POPULATION 52,000 PERCENTAGE OF POPULATION WITH BACHELOR S DEGREE 80% The West Loop has evolved into a must-see destination for locals and visitors who want to eat well. With new restaurant concepts opening on almost a weekly basis, the area boasts everything from Michelin Star rated Blackbird, Moto, Elske, Smyth & The Loyalist and Sepia restaurants to more casual options like Green Street Smoked Meats, Shake Shack, Sweetgreen, Parlor Pizza, Federales, and Umami Burger. Other well-known dining options include Girl and the Goat, Au Cheval, Lena Brava, Aviary, Momotaro, City Winery, Publican and Avec. The neighborhood s international reputation continues to grow with the opening of Google s new Midwest headquarters, McDonald s Global headquarters, Soho House hotel, Nobu Restaurant and hotel, Hoxton hotel, the We Work co-working building, Punch Bowl Social and Ace Hotel. Other companies calling the West Loop home include Uber, LinkedIn, Twitter and Gogo Inflight Internet. High-end retailers are also recognizing the area s potential with the recent additions of Anthropologie, Free People, Billy Reid and Maria Pinto. Excellent public transportation options including Metra train access at Ogilvie and Union Station combined with one of the city s newest CTA stations in almost a decade that opened at Morgan and Lake in 2012 will continue to attract businesses and residents alike, making the West Loop one of Chicago s most exciting and desirable neighborhoods. To learn more about the West Loop, visit our blog at: SUB-MARKET OCCUPANCY 92% 2018 MICHELIN RECOGNIZED RESTAURANTS 15 AVERAGE HOUSEHOLD SIZE 1.6 PERCENTAGE OF POPULATION WITH WHITE COLLAR JOBS 90% SF UNDER CONSTRUCTION 1,700,000 TOTAL ANNUAL RETAIL GOODS EXPENDITURE $570,000,000 PERCENTAGE OF POPULATION WALKING TO WORK 31% TOTAL BUSINESSES 4,128 *DEMOGRAPHIC SNAPSHOT DATA PROVIDED BY APPLIED GEOGRAPHIC SOLUTIONS & COSTAR GROUP 5

6 SKINNER PARK GUS S WORLD FAMOUS FRIED CHICKEN THE KUMA S BLIND BARBER AESOP BILLY REID PEORIA JP GRAZIANO NOBU HOTEL MORGAN CARPENTER LA SARDINE BONCI MAUDE S ANTHROPOLOGIE FORNO ROSSO PIZZERIA MAY RACINE GREEN STREE SMOKED MEA EL CHE BAR CHICAGO CHILDREN S THEATER BASE SALON PAGE ONE PILATES CROSSTOWN FITNESS MADISON ON YOUR MARK TRAINING MONROE G2 SALON CIAO CAFE MONTEVERDE RESTAURANT SKYLINE SMILES HERO COFFEE BAR CROSSROADS BAR & GRILL BUTTERFLY SUSHI JAZZY FLOWERS MONROE TAYLOR GOURMET WASHINGTON THIRD RAIL PINOT S PALETTE POOCH HOTEL HAROLD S CHICKEN SHACK THROOP NOHEA CAFE VIAGGIO RESTAURANT JOHNNY S ICE HOUSE THE GARDNER SCHOOL THE CYCLE X GROUNDSWELLMADISON SHAKE SHACK RANDOLPH WORLD HQ THE PRESS ROOM SNIPPET S MINI CUTS BILLY GOAT TAVERN MADISON FREE PEOPLE ABERDEEN VCA ANIMAL CARE CENTER WASHINGTON 20 N Loomis WILLARD COREPOWER YOGA ADA OG DE N LOOMIS RANDOLPH CITY WINERY GREAT AMERICAN BAGEL GYU-KAKU ART + SCIENCE ALHAMBRA PALACE SMYTH & THE LOYALIST ELIZABETH UNION PARK WEST LOOP ATHLETIC CLUB BAD AXE THROWING BELLY Q ADAMS MOR LAKE LYON & HEALY HARPS WEWOR BAR TAKITO FORMENTO S LAKE PUNCH BOW SOCI THE AVIARY SANGAMON LESLIE HINDMAN AUCTIONEERS FULTON MARKET KITCHEN NEXT ROISTER HARVEST JUICERY PEORIA PACKING COLD STORAGE FULTON ASPEN FOODS JUPITER OUTPOST ADA REVEL FULTON MARKET BOUTIQUE BITES CHICAGO PARTY ANIMALS PIZZERIA DEL MERCATO FULTON JC LICHT TRUE VALUE PAW NATURALS FULTON FIT HOUSE WAYMAN CITY MOUSE FM HAIR STUDIO MAZEL METALS BLUE PLATE LAFLIN CARROLL NOTABLE AREA TENANTS CARROLL JUSTINE CARPE RACINE ADM MILLING KINZIE UMAMI BURGER PORKCHOP OG DE N PET CARE PLUS ABER ARBOUR MA ELIZA KINZIE SKINNER WEST ELEMENTARY SOUL CITY CHURCH ADAMS MORGAN STREET CAFE HM DAY SPA MERIT SCHOOL OF MUSIC MARY BARTELME PARK GREEN STRE LOC 6 5

7 THE GOOGLE EFFECT 1K FULTON Located at 1000 W Fulton Current home of Google s Midwest HQ, SRAM, The Mill Visual Effects and Sandbox Industries Retail consists of Swift & Sons Steakhouse and South Central Bank Estimated employee population of 2, ,000 SF development, which Google occupies approximately 360,000 SF All 1K Fulton tenants signed long term leases THE MCDONALD S EFFECT RANDOLPH WEST Located at 110 N Carpenter Home of McDonald s Global HQ McDonald s will occupy 485,000 SF Development will house approximately 2,000 employees Completed in April of 2018 McDonald s signed a 15-year lease McDonald s vendors, including Coca-Cola are expected to relocate to the Fulton Market neighborhood 7

8 SVN Chicago Commercial 940 West Adams Street, 2nd Floor Chicago, Illinois All SVN Offices Independently Owned & Operated. The information listed in this brochure has been obtained from sources we believe to be reliable, however we accept no responsibility for its correctness. Adam Thomas Chad Schroedl Drew Dillon