Crossen Leasing Comps - 05.21.2019
Crossen Leasing Comps - 05.21.2019
Deals Asking Rent Per SF Starting Rent Per SF Avg. Months On Market
45 $6.92 $7.67 11
LEASE COMPARABLES
SUMMARY STATISTICS
Months on Market 41 1 11 7 74
Deal Size 45 10,000 13,710 13,200 19,963
Lease Deal in Months 12 12.0 41.0 36.0 63.0
Floor Number 45 1 1 1 1
5/21/2019
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Page 1
Lease Comps Summary
Lease Comps Report
Lease Rents
Property Name - Address Rating SF Leased Floor Sign Date Type Rent Rent Type
3 2650-2670 American Ln
- 11,200 1st 4/1/2019 New $6.95 Asking
6 Building V
- 11,022 1st 1/11/2019 New - -
873-895 Cambridge Dr
7 Century Tile
- 10,000 1st 1/11/2019 New $6.95/mg Asking
1220 Norwood Ave
9 835-865 Bonnie Ln
- 13,200 1st 1/3/2019 New $5.25/n Asking
10 2634-2638 Delta Ln
- 12,885 1st 12/17/2018 New $7.81/fs Starting
6 Building V
- 15,030 1st 12/11/2018 New - -
873-895 Cambridge Dr
12 Building 3
- 10,800 1st 11/29/2018 New $7.50/mg Asking
2701-2711 Coyle Ave
15 780-790 Bonnie Ln
- 13,687 1st 10/9/2018 New $7.75/mg Asking
16 Mark Street #5
- 13,770 1st 8/30/2018 New - -
1361-1401 N Wood Dale Rd
17 A
- 14,724 1st 8/24/2018 New $8.96/ig Starting
1830 Howard St
2451-2489 S Wolf Rd
- 15,360 1st 8/20/2018 New $7.50/mg Asking
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Lease Comps Summary
Lease Comps Report
Lease Rents
Property Name - Address Rating SF Leased Floor Sign Date Type Rent Rent Type
18 2451-2489 S Wolf Rd
- 15,360 1st 8/20/2018 New $7.50/mg Asking
20 705-707 Thomas Dr
- 13,600 1st 7/23/2018 New - -
21 Regent O'Hare IV
- 10,257 1st 7/20/2018 New - -
901-951 Cambridge Dr
16 Mark Street #5
- 15,409 1st 7/18/2018 New - -
1361-1401 N Wood Dale Rd
23 751 N Rohlwing Rd
- 11,700 1st 7/11/2018 New $5.50/mg Asking
26 626-630 Thomas Dr
- 13,191 1st 6/15/2018 New $7.75 Starting
28 1157-1161 Pagni Dr
- 10,000 1st 5/21/2018 New $8.33/fs Effective
26 626-630 Thomas Dr
- 13,191 1st 5/12/2018 New $7.75/mg Asking
29 Woodland Rose
- 16,698 1st 5/1/2018 New $4.50/n Asking
2287-2321 S Mount Prosp…
30 Devon-O'Hare Center
- 15,900 1st 4/30/2018 New $7.75/mg Asking
1900-1960 E Devon Ave
31 215 Park St
- 14,117 1st 4/23/2018 New $7.75/fs Asking
32 483-489 Thomas Dr
- 19,400 1st 4/16/2018 New $7.75/mg Asking
34 780 Aec Dr
- 19,237 1st 3/2/2018 New - -
30 Devon-O'Hare Center
- 12,000 1st 3/1/2018 New $7.75/mg Asking
1900-1960 E Devon Ave
35 50-60 Rawls Rd
- 16,144 1st 3/1/2018 Renewal - -
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Lease Comps Summary
Lease Comps Report
Lease Rents
Property Name - Address Rating SF Leased Floor Sign Date Type Rent Rent Type
36 135-145 Bond St
- 12,000 1st 1/31/2018 New $8.00/mg Asking
9 835-865 Bonnie Ln
- 13,200 1st 1/31/2018 New $5.25/nnn Asking
16 Mark Street #5
- 15,409 1st 1/31/2018 New - -
1361-1401 N Wood Dale Rd
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Lease Comps Details
Lease Comps Report
LEASE RENTS
SF Leased: 10,634 SF Asking Rent: $7.95/MG
Sign Date: May 2019
Space Use: Industrial
PROPERTY EXPENSES
Lease Type: Direct Taxes: $1.68/SF (2008)
Floor: 1st Floor
Suite: 684
LEASE TERM
Start Date: Aug 2019
PROPERTY
Property Type: Industrial Rentable Area: 16,634 SF
Status: Built 1991 Stories: 1
Tenancy: Multi Floor Size: 16,634 SF
MARKET AT LEASE
Class: B Ceiling Height: 18'
Construction: Masonry Vacancy at Lease: 63.9%
Vacancy Rates 2019 Q2 YOY
Parking: 27 free Surface Spa… Land Acres: 1.95
Current Building 63.9% 63.9%
Submarket 1-3 Star 4.9% 0.5%
Market Overall 5.8% -0.3%
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Lease Comps Details
Lease Comps Report
LEASE RENTS
SF Leased: 16,396 SF Asking Rent: $6.25/NNN
Sign Date: Apr 2019
Space Use: Industrial
PROPERTY EXPENSES
Lease Type: Direct Taxes: $1.62/SF (2017)
Floor: 1st Floor Operating Exp.: $0.95/SF (2016)
Suite: 330
LEASE TERM
Start Date: Jul 2019
PROPERTY
Property Type: Industrial Rentable Area: 66,939 SF
Status: Built 1989 Stories: 1
Tenancy: Multi Floor Size: 66,939 SF
MARKET AT LEASE
Class: B Ceiling Height: 21'
Construction: Masonry Vacancy at Lease: 24.5%
Vacancy Rates 2019 Q2 YOY
Parking: 82 free Surface Spa… Land Acres: 3.16
Current Building 24.5% 0.0%
Submarket 2-4 Star 4.9% 0.6%
Market Overall 5.8% -0.3%
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Lease Comps Details
Lease Comps Report
3 2650-2670 American Ln
Elk Grove Village, IL 60007 - O'Hare Ind Submarket
LEASE RENTS
SF Leased: 11,200 SF Asking Rent: $6.95
Sign Date: Apr 2019
Space Use: Industrial
PROPERTY EXPENSES
Lease Type: Direct Taxes: $0.99/SF (2009)
Floor: 1st Floor
Suite: 2654-2656
LEASE TERM
Start Date: May 2019
PROPERTY
Property Type: Industrial Rentable Area: 55,000 SF
Status: Built 1970 Stories: 1
Tenancy: Multi Floor Size: 55,000 SF
MARKET AT LEASE
Class: C Ceiling Height: 14'
Construction: Masonry Vacancy at Lease: 0.0%
Vacancy Rates 2019 Q2 YOY
Parking: 40 free Surface Spa… Land Acres: 2.20
Current Building 0.0% 20.4%
Submarket 1-3 Star 4.9% 0.5%
Market Overall 5.8% -0.3%
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Lease Comps Details
Lease Comps Report
LEASE TERM
Start Date: May 2019
PROPERTY
Property Type: Industrial Rentable Area: 196,512 SF
Status: Built 1988 Stories: 1
Tenancy: Multi Floor Size: 196,512 SF
MARKET AT LEASE
Class: B Ceiling Height: 24'
Construction: Reinforced Concrete Vacancy at Lease: 5.2%
Vacancy Rates 2019 Q1 YOY
Parking: 160 free Surface Sp… Land Acres: 9.91
Current Building 5.2% 5.3%
Submarket 2-4 Star 4.8% 0.5%
Market Overall 5.8% 0.3%
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Lease Comps Details
Lease Comps Report
LEASE TERM
Start Date: Jul 2019
PROPERTY
Property Type: Industrial Rentable Area: 36,840 SF
Status: Built 1966 Stories: 1
Tenancy: Multi Floor Size: 36,840 SF
Class: C Ceiling Height: 18'
MARKET AT LEASE
Construction: Masonry Vacancy at Lease: 69.8%
Parking: 48 free Surface Spa… Land Acres: 2.35
Vacancy Rates 2019 Q1 YOY
Current Building 69.8% 11.3%
Submarket 1-3 Star 4.6% 0.2%
Market Overall 5.8% 0.3%
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Lease Comps Details
Lease Comps Report
LEASE TERM
Start Date: Apr 2019
PROPERTY
Property Type: Industrial Rentable Area: 67,134 SF
Status: Built 1980 Stories: 1
Tenancy: Multi Floor Size: 67,134 SF
MARKET AT LEASE
Class: C Ceiling Height: 18'
Construction: Masonry Vacancy at Lease: 16.4%
Vacancy Rates 2019 Q1 YOY
Parking: 150 free Surface Sp… Land Acres: 3.30
Current Building 16.4% 16.4%
Submarket 2-4 Star 4.8% 0.5%
Market Overall 5.8% 0.3%
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Lease Comps Details
Lease Comps Report
LEASE RENTS
SF Leased: 10,000 SF Asking Rent: $6.95/MG
Sign Date: Jan 2019
Space Use: Industrial
PROPERTY EXPENSES
Lease Type: Direct Taxes: $1.45/SF (2017)
Floor: 1st Floor
LEASE TERM
Start Date: Mar 2019
PROPERTY
Property Type: Industrial Rentable Area: 46,080 SF
Status: Built 1976 Stories: 1
Tenancy: Single Floor Size: 46,080 SF
Class: B Ceiling Height: 10'-18'
MARKET AT LEASE
Construction: Masonry Vacancy at Lease: 0.0%
Parking: Ratio of 0.00/1,000 SF Land Acres: 1.97
Vacancy Rates 2019 Q1 YOY
Current Building 0.0% 0.0%
Submarket 2-4 Star 4.8% 0.5%
Market Overall 5.8% 0.3%
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Lease Comps Details
Lease Comps Report
LEASE RENTS
SF Leased: 11,054 SF Asking Rent: $8.25/MG
Sign Date: Jan 2019
Space Use: Industrial
PROPERTY EXPENSES
Lease Type: Direct Taxes: $1.35/SF (2017)
Floor: 1st Floor
Suite: 843
LEASE TERM
Start Date: Apr 2019
PROPERTY
Property Type: Industrial Rentable Area: 71,284 SF
Status: Built 1983 Stories: 1
Tenancy: Multi Floor Size: 71,284 SF
MARKET AT LEASE
Class: C Ceiling Height: 16'
Construction: Masonry Vacancy at Lease: 31.1%
Vacancy Rates 2019 Q1 YOY
Parking: 87 Surface Spaces a… Land Acres: 3.44
Current Building 31.1% 15.5%
Submarket 2-4 Star 4.8% 0.5%
Market Overall 5.8% 0.3%
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Lease Comps Details
Lease Comps Report
LEASE RENTS
SF Leased: 11,124 SF Asking Rent: $8.25/MG
Sign Date: Jan 2019
Space Use: Industrial
PROPERTY EXPENSES
Lease Type: Direct Taxes: $1.35/SF (2017)
Floor: 1st Floor
Suite: 847
LEASE TERM
Start Date: Apr 2019
PROPERTY
Property Type: Industrial Rentable Area: 71,284 SF
Status: Built 1983 Stories: 1
Tenancy: Multi Floor Size: 71,284 SF
MARKET AT LEASE
Class: C Ceiling Height: 16'
Construction: Masonry Vacancy at Lease: 31.1%
Vacancy Rates 2019 Q1 YOY
Parking: 87 Surface Spaces a… Land Acres: 3.44
Current Building 31.1% 15.5%
Submarket 2-4 Star 4.8% 0.5%
Market Overall 5.8% 0.3%
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Lease Comps Details
Lease Comps Report
9 835-865 Bonnie Ln
Elk Grove Village, IL 60007 - O'Hare Ind Submarket
LEASE RENTS
SF Leased: 13,200 SF Asking Rent: $5.25/N
Sign Date: Jan 2019
Space Use: Industrial
PROPERTY EXPENSES
Lease Type: Direct Taxes: $1.91/SF (2018)
Floor: 1st Floor Operating Exp.: $0.82/SF (2018)
Suite: 855 Total Exp.: $2.73/SF (2018)
LEASE TERM
Start Date: Apr 2019
PROPERTY
Property Type: Industrial Rentable Area: 65,140 SF
Status: Built 1983 Stories: 1
Tenancy: Multi Floor Size: 65,140 SF
MARKET AT LEASE
Class: B Ceiling Height: 16'
Construction: Masonry Vacancy at Lease: 59.5%
Vacancy Rates 2019 Q1 YOY
Parking: 40 free Surface Spa… Land Acres: 2.38
Current Building 59.5% 39.2%
Submarket 2-4 Star 4.8% 0.5%
Market Overall 5.8% 0.3%
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Lease Comps Details
Lease Comps Report
10 2634-2638 Delta Ln
Elk Grove Village, IL 60007 - O'Hare Ind Submarket
TENANT
Tenant Name: Rent Com, Inc
LEASE RENTS
SF Leased: 12,885 SF Starting Rent: $7.81/FS
Sign Date: Dec 2018
Space Use: Industrial CONCESSIONS AND BUILDOUT
Lease Type: Direct Mo. Free Rents: 0 Months
Floor: 1st Floor
PROPERTY EXPENSES
LEASE TERM Taxes: $1.76/SF (2017)
Start Date: Mar 2019
Expiration Date: Jun 2024
Lease Term: 5 Years 3 Months
MARKET AT LEASE
PROPERTY
Vacancy Rates 2018 Q4 YOY Property Type: Industrial Rentable Area: 12,885 SF
Current Building 100% 100% Status: Built 1975 Stories: 1
Submarket 1-3 Star 4.6% 0.1% Tenancy: Single Floor Size: 12,885 SF
Market Overall 5.8% 0.5% Class: C Ceiling Height: 14'
Construction: Masonry Vacancy at Lease: 100%
Same Store Asking Rent/SF 2018 Q4 YOY
Parking: 10 free Surface Spa… Land Acres: 0.55
Current Building - -
Submarket 1-3 Star $7.98 4.2%
Market Overall $7.03 4.2%
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Lease Comps Details
Lease Comps Report
TENANT
Tenant Name: Meyer Concrete
Industry: Retailers/Wholesalers
LEASE TERM
Start Date: Dec 2018
TIME VACANT
Date Occupied: Dec 2018
PROPERTY
Property Type: Industrial Rentable Area: 124,939 SF
Status: Built 1963 Stories: 1
MARKET AT LEASE
Tenancy: Multi Floor Size: 124,939 SF
Vacancy Rates 2018 Q4 YOY Class: B Ceiling Height: 22'5"
Current Building 81.2% 81.2% Construction: Masonry Vacancy at Lease: 81.2%
Submarket 2-4 Star 4.7% 0.4% Parking: 50 free Surface Spa… Land Acres: 6.40
Market Overall 5.8% 0.5%
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Lease Comps Details
Lease Comps Report
LEASE TERM
Start Date: Mar 2019
PROPERTY
Property Type: Industrial Rentable Area: 67,134 SF
Status: Built 1980 Stories: 1
Tenancy: Multi Floor Size: 67,134 SF
MARKET AT LEASE
Class: C Ceiling Height: 18'
Construction: Masonry Vacancy at Lease: 22.4%
Vacancy Rates 2018 Q4 YOY
Parking: 150 free Surface Sp… Land Acres: 3.30
Current Building 22.4% 22.4%
Submarket 2-4 Star 4.7% 0.4%
Market Overall 5.8% 0.5%
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Lease Comps Details
Lease Comps Report
LEASE RENTS
SF Leased: 10,800 SF Asking Rent: $7.50/MG
Sign Date: Nov 2018
Space Use: Industrial
PROPERTY EXPENSES
Lease Type: Direct Taxes: $2.48/SF (2017)
Floor: 1st Floor
Suite: 2701-2705
LEASE TERM
Start Date: Feb 2019
PROPERTY
Property Type: Industrial Rentable Area: 21,600 SF
Status: Built 1968 Stories: 1
Tenancy: Multi Floor Size: 21,600 SF
MARKET AT LEASE
Class: C Ceiling Height: 14'6"-16'
Construction: Masonry Vacancy at Lease: 50.0%
Vacancy Rates 2018 Q4 YOY
Parking: Ratio of 1.40/1,000 SF Land Acres: 1.00
Current Building 50.0% 50.0%
Submarket 1-3 Star 4.6% 0.1%
Market Overall 5.8% 0.5%
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Lease Comps Report
LEASE TERM
Start Date: Feb 2019
PROPERTY
Property Type: Industrial Rentable Area: 19,963 SF
Status: Built 1985 Stories: 1
Tenancy: Single Floor Size: 19,963 SF
Class: B Ceiling Height: 18'
MARKET AT LEASE
Construction: Masonry Vacancy at Lease: 100%
Parking: 24 free Surface Spa… Land Acres: 1.15
Vacancy Rates 2018 Q4 YOY
Current Building 100% 100%
Submarket 1-3 Star 4.6% 0.1%
Market Overall 5.8% 0.5%
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Lease Comps Details
Lease Comps Report
TENANT
Tenant Name: Amerex
LEASE RENTS
SF Leased: 14,986 SF Asking Rent: $5.95/N
Sign Date: Nov 2018
Space Use: Industrial
PROPERTY EXPENSES
Lease Type: Direct Taxes: $2.69/SF (2017)
Floor: 1st Floor
LEASE TERM
Start Date: Dec 2018
Expiration Date: Nov 2023
Lease Term: 5 Years
MARKET AT LEASE
PROPERTY
Vacancy Rates 2018 Q4 YOY Property Type: Industrial Rentable Area: 14,986 SF
Current Building 0.0% 0.0% Status: Built 1972 Stories: 1
Submarket 1-3 Star 4.6% 0.1% Tenancy: Single Floor Size: 14,986 SF
Market Overall 5.8% 0.5% Class: B Ceiling Height: 16'
Construction: Masonry Vacancy at Lease: 0.0%
Same Store Asking Rent/SF 2018 Q4 YOY
Parking: 12 Surface Spaces a… Land Acres: 0.71
Current Building $5.95 0.0%
Submarket 1-3 Star $7.98 4.2%
Market Overall $7.03 4.2%
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Lease Comps Details
Lease Comps Report
TENANT
Tenant Name: Betson West
LEASE RENTS
SF Leased: 11,054 SF Asking Rent: $8.25/NNN
Sign Date: Oct 2018 Starting Rent: $7.92/NNN
Space Use: Industrial Effective Rent: $7.92/NNN
Lease Type: Direct Escalations: 3% CPI
Floor: 1st Floor
Suite: 831 CONCESSIONS AND BUILDOUT
Asking Discount: 4.00%
LEASE TERM
Start Date: Nov 2018 PROPERTY EXPENSES
Expiration Date: Aug 2020 Taxes: $1.35/SF (2017)
MARKET AT LEASE
PROPERTY
Vacancy Rates 2018 Q4 YOY Property Type: Industrial Rentable Area: 71,284 SF
Current Building 15.6% 15.6% Status: Built 1983 Stories: 1
Submarket 2-4 Star 4.7% 0.4% Tenancy: Multi Floor Size: 71,284 SF
Market Overall 5.8% 0.5% Class: C Ceiling Height: 16'
Construction: Masonry Vacancy at Lease: 15.6%
Same Store Asking Rent/SF 2018 Q4 YOY
Parking: 87 Surface Spaces a… Land Acres: 3.44
Current Building $8.25 3.8%
Submarket 2-4 Star $7.95 4.1%
Market Overall $7.03 4.2%
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Lease Comps Details
Lease Comps Report
15 780-790 Bonnie Ln
Elk Grove Village, IL 60007 - O'Hare Ind Submarket
LEASE RENTS
SF Leased: 13,687 SF Asking Rent: $7.75/MG
Sign Date: Oct 2018
Space Use: Industrial
PROPERTY EXPENSES
Lease Type: Direct Taxes: $2.98/SF (2017)
Floor: 1st Floor
LEASE TERM
Start Date: Nov 2018
PROPERTY
Property Type: Industrial Rentable Area: 13,687 SF
Status: Built 1974 Stories: 1
Tenancy: Multi Floor Size: 13,687 SF
Class: C Ceiling Height: 15'
MARKET AT LEASE
Construction: Masonry Vacancy at Lease: 0.0%
Parking: 14 free Reserved Sp… Land Acres: 0.59
Vacancy Rates 2018 Q4 YOY
Current Building 0.0% 100%
Submarket 1-3 Star 4.6% 0.1%
Market Overall 5.8% 0.5%
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Lease Comps Details
Lease Comps Report
LEASE TERM
Start Date: Dec 2018
PROPERTY
Property Type: Industrial Rentable Area: 196,512 SF
Status: Built 1988 Stories: 1
Tenancy: Multi Floor Size: 196,512 SF
MARKET AT LEASE
Class: B Ceiling Height: 24'
Construction: Reinforced Concrete Vacancy at Lease: 0.0%
Vacancy Rates 2018 Q3 YOY
Parking: 160 free Surface Sp… Land Acres: 9.91
Current Building 0.0% 17.5%
Submarket 2-4 Star 4.6% 0.0%
Market Overall 6.0% 0.5%
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Lease Comps Details
Lease Comps Report
LEASE TERM
Start Date: Jan 2019
PROPERTY
Property Type: Industrial Rentable Area: 93,693 SF
Status: Built 1989 Stories: 1
Tenancy: Multi Floor Size: 93,693 SF
Class: C Ceiling Height: 18'
MARKET AT LEASE
Construction: Masonry Vacancy at Lease: 14.7%
Parking: 78 free Surface Spa… Land Acres: 6.30
Vacancy Rates 2018 Q3 YOY
Current Building 14.7% 14.7%
Submarket 2-4 Star 4.6% 0.0%
Market Overall 6.0% 0.5%
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Lease Comps Details
Lease Comps Report
17 1830 Howard St - A
Elk Grove Village, IL 60007 - O'Hare Ind Submarket
TENANT
Tenant Name: Orozco Trucking
Industry: Business Services
LEASE RENTS
SF Leased: 14,724 SF Starting Rent: $8.96/IG
Sign Date: Aug 2018
Space Use: Industrial
PROPERTY EXPENSES
Floor: 1st Floor Taxes: $3.50/SF (2015)
Operating Exp.: $1.94/SF (2012)
LEASE TERM
Start Date: Sep 2018
Expiration Date: Nov 2020
Lease Term: 2 Years 3 Months
TIME VACANT
Date Occupied: Sep 2018
PROPERTY
Property Type: Flex Rentable Area: 29,468 SF
MARKET AT LEASE
Status: Built 1989 Stories: 1
Vacancy Rates 2018 Q3 YOY Tenancy: Multi Floor Size: 29,468 SF
Current Building 0.0% 0.0% Class: B Ceiling Height: 16'
Submarket 2-4 Star 4.6% 0.0% Construction: Masonry Vacancy at Lease: 0.0%
Market Overall 6.0% 0.5% Parking: 80 free Surface Spa… Land Acres: 4.16
5/21/2019
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Lease Comps Details
Lease Comps Report
18 2451-2489 S Wolf Rd
Des Plaines, IL 60018 - O'Hare Ind Submarket
LEASE RENTS
SF Leased: 15,360 SF Asking Rent: $7.50/MG
Sign Date: Aug 2018
Space Use: Industrial
PROPERTY EXPENSES
Lease Type: Direct Taxes: $1.60/SF (2017)
Floor: 1st Floor Operating Exp.: $0.60/SF (2010)
LEASE TERM
Start Date: Sep 2018
Expiration Date: Sep 2020
Lease Term: 2 Years
PROPERTY
Property Type: Industrial Rentable Area: 221,339 SF
Status: Built 1970 Stories: 1
MARKET AT LEASE
Tenancy: Multi Floor Size: 221,339 SF
Class: B Ceiling Height: 18'2"
Vacancy Rates 2018 Q3 YOY
Construction: Masonry Vacancy at Lease: 0.0%
Current Building 0.0% 34.7%
Submarket 2-4 Star 4.6% 0.0% Parking: 162 free Surface Sp… Land Acres: 8.20
Market Overall 6.0% 0.5%
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Lease Comps Details
Lease Comps Report
LEASE TERM
Start Date: Aug 2018
PROPERTY
Property Type: Industrial Rentable Area: 10,540 SF
Status: Built 1976 Stories: 1
Tenancy: Single Floor Size: 10,540 SF
Class: C Ceiling Height: 14'
MARKET AT LEASE
Construction: Masonry Vacancy at Lease: 0.0%
Parking: 16 free Surface Spa… Land Acres: 0.53
Vacancy Rates 2018 Q3 YOY
Current Building 0.0% 0.0%
Submarket 1-3 Star 4.6% 0.3%
Market Overall 6.0% 0.5%
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Lease Comps Report
20 705-707 Thomas Dr
Bensenville, IL 60106 - O'Hare Ind Submarket
LEASE TERM
Start Date: Aug 2018
PROPERTY
Property Type: Industrial Rentable Area: 27,200 SF
Status: Built 1976 Stories: 1
Tenancy: Multi Floor Size: 27,200 SF
MARKET AT LEASE
Class: C Ceiling Height: 16'
Construction: Masonry Vacancy at Lease: 0.0%
Vacancy Rates 2018 Q3 YOY
Parking: 26 Surface Spaces a… Land Acres: 1.10
Current Building 0.0% 0.0%
Submarket 1-3 Star 4.6% 0.3%
Market Overall 6.0% 0.5%
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Lease Comps Details
Lease Comps Report
TENANT
Tenant Name: Brown Packaging
Industry: Manufacturing
LEASE TERM
Start Date: Aug 2018
MARKET AT LEASE
PROPERTY
Vacancy Rates 2018 Q3 YOY Property Type: Industrial Rentable Area: 29,509 SF
Current Building 0.0% 0.0% Status: Built 1988 Stories: 1
Submarket 1-3 Star 4.6% 0.3% Tenancy: Multi Floor Size: 29,509 SF
Market Overall 6.0% 0.5% Class: B Ceiling Height: 18'
Construction: Reinforced Concrete Vacancy at Lease: 0.0%
Same Store Asking Rent/SF 2018 Q3 YOY
Parking: 70 free Surface Spa… Land Acres: 2.00
Current Building - -
Submarket 1-3 Star $7.88 4.1%
Market Overall $6.94 4.2%
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Lease Comps Report
TENANT
Tenant Name: Arista Intermodal
Industry: Transportation
NAICS: General Freight Trucking, Local - 484110
LEASE TERM
Start Date: Aug 2018
Expiration Date: Aug 2023
Lease Term: 5 Years
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Lease Comps Report
TENANT
Tenant Name: Conference Technologies
Industry: Retailers/Wholesalers
NAICS: Radio, Television, and Other Electronics Stores - 443112
LEASE RENTS
SF Leased: 10,087 SF Escalations: 3% Annual
Sign Date: Jul 2018
Space Use: Industrial
PROPERTY EXPENSES
Floor: 1st Floor Taxes: $1.63/SF (2017)
Suite: 1501
LEASE TERM
Start Date: Jul 2018
Expiration Date: Jul 2023
Lease Term: 5 Years
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Lease Comps Report
23 751 N Rohlwing Rd
Itasca, IL 60143 - O'Hare Ind Submarket
LEASE RENTS
SF Leased: 11,700 SF Asking Rent: $5.50/MG
Sign Date: Jul 2018
Space Use: Industrial
PROPERTY EXPENSES
Lease Type: Direct Taxes: $1.22/SF (2017)
Floor: 1st Floor
LEASE TERM
Start Date: Oct 2018
PROPERTY
Property Type: Industrial Rentable Area: 109,450 SF
Status: Built 1980 Stories: 1
Tenancy: Multi Floor Size: 109,450 SF
Class: C Ceiling Height: 25'
MARKET AT LEASE
Construction: Masonry Vacancy at Lease: 10.7%
Parking: 60 free Surface Spa… Land Acres: 4.00
Vacancy Rates 2018 Q3 YOY
Current Building 10.7% 10.7%
Submarket 2-4 Star 4.6% 0.0%
Market Overall 6.0% 0.5%
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Lease Comps Report
TENANT
Tenant Name: East West Carriers
LEASE RENTS
SF Leased: 17,693 SF Asking Rent: $5.95/NNN
Sign Date: Jun 2018
Space Use: Industrial
PROPERTY EXPENSES
Lease Type: Direct Taxes: $2.28/SF (2017)
Floor: 1st Floor
LEASE TERM
Start Date: Sep 2018
Expiration Date: Sep 2021
Lease Term: 3 Years
MARKET AT LEASE
PROPERTY
Vacancy Rates 2018 Q2 YOY Property Type: Industrial Rentable Area: 17,693 SF
Current Building 0.0% 0.0% Status: Built 1989 Stories: 1
Submarket 1-3 Star 4.3% 0.8% Tenancy: Single Floor Size: 17,693 SF
Market Overall 6.0% 0.2% Class: C Ceiling Height: 15'
Construction: Masonry Vacancy at Lease: 0.0%
Same Store Asking Rent/SF 2018 Q2 YOY
Parking: 27 free Surface Spa… Land Acres: 0.91
Current Building $5.95 -
Submarket 1-3 Star $7.78 3.6%
Market Overall $6.84 3.6%
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Lease Comps Report
LEASE RENTS
SF Leased: 17,757 SF Asking Rent: $5.95/N
Sign Date: Jun 2018
Space Use: Industrial
PROPERTY EXPENSES
Lease Type: Direct Taxes: $1.50/SF (2018)
Floor: 1st Floor Operating Exp.: $0.55/SF (2018)
Suite: 2575 Total Exp.: $2.05/SF (2018)
LEASE TERM
Start Date: Jul 2018
PROPERTY
Property Type: Industrial Rentable Area: 198,196 SF
Status: Built 1987 Stories: 1
Tenancy: Multi Floor Size: 198,196 SF
MARKET AT LEASE
Class: B Ceiling Height: 24'
Construction: Reinforced Concrete Vacancy at Lease: 9.0%
Vacancy Rates 2018 Q2 YOY
Parking: 100 free Surface Sp… Land Acres: 8.80
Current Building 9.0% 0.0%
Submarket 2-4 Star 4.4% 0.7%
Market Overall 6.0% 0.2%
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Lease Comps Details
Lease Comps Report
26 626-630 Thomas Dr
Bensenville, IL 60106 - O'Hare Ind Submarket
LEASE RENTS
SF Leased: 13,191 SF Asking Rent: $7.75
Sign Date: Jun 2018 Starting Rent: $7.75
Space Use: Industrial
Lease Type: Direct CONCESSIONS AND BUILDOUT
Floor: 1st Floor Asking Discount: 0.00%
TIME VACANT
Date Occupied: Jun 2018
PROPERTY
Property Type: Industrial Rentable Area: 45,611 SF
Status: Built 1970 Stories: 1
Tenancy: Multi Floor Size: 45,611 SF
Class: C Ceiling Height: 16'
MARKET AT LEASE
Construction: Masonry Vacancy at Lease: 0.0%
Vacancy Rates 2018 Q2 YOY Parking: 40 free Surface Spa… Land Acres: 2.50
Current Building 0.0% 0.0%
Submarket 1-3 Star 4.3% 0.8%
Market Overall 6.0% 0.2%
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Lease Comps Report
TENANT
Tenant Name: MTA USA Corporation
Industry: Manufacturing
NAICS: All Other Motor Vehicle Parts Manufacturing - 336399
LEASE TERM
Start Date: Jun 2018
TIME VACANT
Date Occupied: Jun 2018
PROPERTY
Property Type: Industrial Rentable Area: 10,800 SF
Status: Built 1987 Stories: 1
MARKET AT LEASE
Tenancy: Single Floor Size: 10,800 SF
Vacancy Rates 2018 Q2 YOY Class: B Ceiling Height: 16'
Current Building 0.0% 0.0% Construction: Steel Vacancy at Lease: 0.0%
Submarket 1-3 Star 4.3% 0.8% Parking: 18 free Surface Spa… Land Acres: 0.50
Market Overall 6.0% 0.2%
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Lease Comps Report
28 1157-1161 Pagni Dr
Elk Grove Village, IL 60007 - O'Hare Ind Submarket
TENANT
Tenant Name: Helon Equipment
Industry: Personal Services
NAICS: Construction, Mining, and Forestry Machinery and Equipme - 532412
LEASE RENTS
SF Leased: 10,000 SF Asking Rent: $7.95/FS
Sign Date: May 2018 Starting Rent: $7.95/FS
Space Use: Industrial Effective Rent: $8.33/FS
Lease Type: Direct Escalations: 2.5% Annual
Floor: 1st Floor
Suite: 1157 CONCESSIONS AND BUILDOUT
Asking Discount: 0.00%
LEASE TERM
Start Date: Jul 2018 PROPERTY EXPENSES
Expiration Date: Jun 2023 Taxes: $2.78/SF (2017)
Lease Term: 5 Years
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Lease Comps Report
26 626-630 Thomas Dr
Bensenville, IL 60106 - O'Hare Ind Submarket
TENANT
Tenant Name: Concepts In Flooring
LEASE RENTS
SF Leased: 13,191 SF Asking Rent: $7.75/MG
Sign Date: May 2018
Space Use: Industrial
PROPERTY EXPENSES
Lease Type: Direct Taxes: $1.47/SF (2016)
Floor: 1st Floor Operating Exp.: $1.43/SF (2016)
Suite: 628 Total Exp.: $2.90/SF (2016)
LEASE TERM
Start Date: Jun 2018
PROPERTY
MARKET AT LEASE
Property Type: Industrial Rentable Area: 45,611 SF
Vacancy Rates 2018 Q2 YOY Status: Built 1970 Stories: 1
Current Building 0.0% 0.0% Tenancy: Multi Floor Size: 45,611 SF
Submarket 1-3 Star 4.3% 0.8% Class: C Ceiling Height: 16'
Market Overall 6.0% 0.2% Construction: Masonry Vacancy at Lease: 0.0%
Parking: 40 free Surface Spa… Land Acres: 2.50
Same Store Asking Rent/SF 2018 Q2 YOY
Current Building $7.75 -
Submarket 1-3 Star $7.78 3.6%
Market Overall $6.84 3.6%
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Lease Comps Report
TENANT
Tenant Name: Sunrun Inc.
Industry: Agri/Mining/Utilities
NAICS: Other Electric Power Generation - 221119
LEASE RENTS
SF Leased: 16,698 SF Asking Rent: $4.50/N
Sign Date: May 2018
Space Use: Industrial
PROPERTY EXPENSES
Lease Type: Direct Taxes: $3.58/SF (2017)
Floor: 1st Floor Operating Exp.: $1.05/SF (2017)
Suite: 2309 Total Exp.: $4.63/SF (2017)
LEASE TERM
Start Date: May 2018
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Lease Comps Report
LEASE RENTS
SF Leased: 15,900 SF Asking Rent: $7.75/MG
Sign Date: Apr 2018
Space Use: Industrial
PROPERTY EXPENSES
Lease Type: Direct Taxes: $1.79/SF (2013)
Floor: 1st Floor Operating Exp.: $0.66/SF (2013)
Suite: 1930 Total Exp.: $2.45/SF (2013)
LEASE TERM
Start Date: May 2018
PROPERTY
Property Type: Industrial Rentable Area: 98,445 SF
Status: Built 1976 Stories: 1
Tenancy: Multi Floor Size: 98,445 SF
MARKET AT LEASE
Class: C Ceiling Height: 18'
Construction: Masonry Vacancy at Lease: 0.0%
Vacancy Rates 2018 Q2 YOY
Parking: 110 free Surface Sp… Land Acres: 5.68
Current Building 0.0% 12.2%
Submarket 2-4 Star 4.4% 0.7%
Market Overall 6.0% 0.2%
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Lease Comps Details
Lease Comps Report
31 215 Park St
Bensenville, IL 60106 - O'Hare Ind Submarket
LEASE RENTS
SF Leased: 14,117 SF Asking Rent: $7.75/FS
Sign Date: Apr 2018
Space Use: Industrial
PROPERTY EXPENSES
Lease Type: Direct Taxes: $2.05/SF (2017)
Floor: 1st Floor Operating Exp.: $1.40/SF (2016)
LEASE TERM
Start Date: Jul 2018
PROPERTY
Property Type: Industrial Rentable Area: 14,072 SF
Status: Built 1963 Stories: 1
Tenancy: Single Floor Size: 14,072 SF
Class: C Ceiling Height: 12'
MARKET AT LEASE
Construction: Masonry Vacancy at Lease: 100%
Parking: 30 free Surface Spa… Land Acres: 0.65
Vacancy Rates 2018 Q2 YOY
Current Building 100% 100%
Submarket 1-3 Star 4.3% 0.8%
Market Overall 6.0% 0.2%
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Lease Comps Report
32 483-489 Thomas Dr
Bensenville, IL 60106 - O'Hare Ind Submarket
TENANT
Tenant Name: Rich Industries, Inc.
Industry: Manufacturing
NAICS: Spring (Heavy Gauge) Manufacturing - 332611
LEASE RENTS
SF Leased: 19,400 SF Asking Rent: $7.75/MG
Sign Date: Apr 2018
Space Use: Industrial
PROPERTY EXPENSES
Lease Type: Direct Taxes: $1.59/SF (2017)
Floor: 1st Floor Operating Exp.: $1.03/SF (2011-Est)
Suite: 489
LEASE TERM
Start Date: May 2018
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Lease Comps Report
TENANT
Tenant Name: Green Circle Salons
Industry: Retailers/Wholesalers
LEASE RENTS
SF Leased: 11,660 SF Asking Rent: $5.50/NNN
Sign Date: Mar 2018 Starting Rent: $5.34/NNN
Space Use: Industrial Effective Rent: $5.34/NNN
Lease Type: Direct Escalations: Steps
Floor: 1st Floor
Suite: 850 CONCESSIONS AND BUILDOUT
Asking Discount: 2.91%
LEASE TERM
Start Date: Jun 2018 PROPERTY EXPENSES
Expiration Date: May 2020 Taxes: $0.93/SF (2017)
Lease Term: 2 Years
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Lease Comps Report
34 780 Aec Dr
Wood Dale, IL 60191 - O'Hare Ind Submarket
LEASE TERM
Start Date: May 2018
PROPERTY
Property Type: Industrial Rentable Area: 19,237 SF
Status: Built Jan 1987 Stories: 1
Tenancy: Single Floor Size: 19,237 SF
Class: B Ceiling Height: 18'
MARKET AT LEASE
Construction: Masonry Vacancy at Lease: 0.0%
Parking: 32 free Surface Spa… Land Acres: 1.08
Vacancy Rates 2018 Q1 YOY
Current Building 0.0% 0.0%
Submarket 1-3 Star 4.3% 0.4%
Market Overall 6.1% 0.2%
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Lease Comps Report
LEASE RENTS
SF Leased: 12,000 SF Asking Rent: $7.75/MG
Sign Date: Mar 2018
Space Use: Industrial
PROPERTY EXPENSES
Lease Type: Direct Taxes: $1.79/SF (2013)
Floor: 1st Floor Operating Exp.: $0.66/SF (2013)
Suite: 1910 Total Exp.: $2.45/SF (2013)
LEASE TERM
Start Date: Apr 2018
PROPERTY
Property Type: Industrial Rentable Area: 98,445 SF
Status: Built 1976 Stories: 1
Tenancy: Multi Floor Size: 98,445 SF
MARKET AT LEASE
Class: C Ceiling Height: 18'
Construction: Masonry Vacancy at Lease: 28.3%
Vacancy Rates 2018 Q1 YOY
Parking: 110 free Surface Sp… Land Acres: 5.68
Current Building 28.3% 16.2%
Submarket 2-4 Star 4.3% 0.5%
Market Overall 6.1% 0.2%
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Lease Comps Details
Lease Comps Report
35 50-60 Rawls Rd
Des Plaines, IL 60018 - O'Hare Ind Submarket
TENANT
Tenant Name: Global Logistical Connections
Industry: Transportation
NAICS: Freight Transportation Arrangement - 488510
LEASE TERM
Start Date: Mar 2018
Expiration Date: Mar 2021
Lease Term: 3 Years
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Lease Comps Report
36 135-145 Bond St
Elk Grove Village, IL 60007 - O'Hare Ind Submarket
LEASE RENTS
SF Leased: 12,000 SF Asking Rent: $8.00/MG
Sign Date: Jan 2018
Space Use: Industrial
PROPERTY EXPENSES
Lease Type: Direct Taxes: $2.64/SF (2017)
Floor: 1st Floor
LEASE TERM
Start Date: Jan 2018
Lease Term: 1 Year
PROPERTY
Property Type: Industrial Rentable Area: 12,000 SF
Status: Built 1968 Stories: 1
Tenancy: Multi Floor Size: 12,000 SF
MARKET AT LEASE
Class: B Ceiling Height: 12'
Construction: Masonry Vacancy at Lease: 0.0%
Vacancy Rates 2018 Q1 YOY
Parking: 20 Surface Spaces a… Land Acres: 0.48
Current Building 0.0% 0.0%
Submarket 1-3 Star 4.3% 0.4%
Market Overall 6.1% 0.2%
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Lease Comps Details
Lease Comps Report
9 835-865 Bonnie Ln
Elk Grove Village, IL 60007 - O'Hare Ind Submarket
TENANT
Tenant Name: Rentacrate
Industry: Retailers/Wholesalers
NAICS: Industrial Machinery and Equipment Merchant Wholesalers - 423830
LEASE RENTS
SF Leased: 13,200 SF Asking Rent: $5.25/NNN
Sign Date: Jan 2018
Space Use: Industrial
PROPERTY EXPENSES
Lease Type: Direct Taxes: $1.91/SF (2018)
Floor: 1st Floor Operating Exp.: $0.82/SF (2018)
Suite: 845 Total Exp.: $2.73/SF (2018)
LEASE TERM
Start Date: Mar 2018
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Lease Comps Report
TENANT
Tenant Name: Mnalan Trucking Corp
Industry: Business Services
NAICS: Specialized Freight (except Used Goods) Trucking, Long-D - 484230
LEASE TERM
Start Date: May 2018
Expiration Date: Apr 2021
Lease Term: 3 Years
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Rents
Lease Comps Report
Asking Rent Per SF Starting Rent Per SF Effective Rent Per SF Avg. Months Free Rent
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