Solutions Newsletter
February 2017
From the Desk of Bruce Bossow

Lease vs. Buy
 
If you are currently leasing your commercial space and have considered buying, this is an opportune time to make the move.  Prices are still low and interest rates are poised to go up.  It is also a good opportunity to expand, upgrade or relocate to a more convenient location.  Perhaps some other considerations may apply:
  • Suburban taxes are lower than Cook County
  • Shorter commute time
  • Retain equity through 1031 exchange
  • Low 10-15% down payment with an SBA loan
  • Long-term amortization of new equipment with an SBA loan
  • Solve problems; i.e., exposure, parking, loading, warehouse, etc.
  • Improve your image and credibility
  • Build equity by owning real estate as an asset
Contact one of our associates for a lease vs. buy comparison today.


Warmest Regards,

Bruce Bossow
President

Featured Properties
FOR SALE
Bank Owned, Former Restaurant
8609 Route 12, Richmond

Former Platek's Restaurant seats 70-80.  Kitchen has hood.  3 bedroom apartment included.  Video gaming allowed in Richmond. Bank just dropped price!!

$195,000 ($52.62 psf)
click here for more information
visit our website
FOR SALE 
Starter Investment
77 W. Main Street, Cary

Fully leased 2-unit mixed use masonry building across from Metra Station.  First floor has popular coffee shop and 2nd floor has office tenants.  7.4% cap rate.  Call for details.

$335,000 ($111.00 psf)
FOR SALE 
Lake County Industrial
885 Anita Avenue, Antioch

19,136 SF masonry building on 2 acres.  2,200 SF office, 15' ceilings, 1 interior dock, 3 drive-in doors, 480 amp 3 phase power.  7.5 miles to I-94.

$918,528 ($48.00 psf)
FOR SALE - New Listing!
Industrial Building with Income
7727 Finch Street, Spring Grove

5,400 SF on 2.12 acres+ with 14' ceilings and a second cold storage building.  Income from truck and RV storage. 

$479,000  ($88.70 psf)
FOR SALE - Just Listed!
.93 Acre Commercial lot
171 E. Higgins, Gilberts

Commercial lot on Route 72 next to Mobil gas station.  Ideal for car wash or small strip.  

$223,196 ($5.50 psf)
Recently Sold/Leased & Pending Sales
SOLD 
11117 S. Church Street, Huntley
Sold for $412,500
3.13 Acre Re-Development
Heather Schweitzer & Tina Kropke, CCIM 

LEASED 
1120 S. Randall Road, Elgin
Denny's Restaurant
Joe Billitteri and Bruce Kaplan represented the Lessee 
SOLD
271 S. State Street (Route 31), Elgin
9,000 SF Mixed Use/Investment Space
Sold for $225,000
Joe Billitteri & Michael Williamson, CCIM 
SOLD
SWC Three Oaks & Georgetown, Cary
.96 Acres Commercial Land
Sold for $121,766
Bruce Kaplan 
PENDING
7900 Route 31, Crystal Lake
43,358 SF Industrial Building


PENDING
561 Jennings Drive, Lake in the Hills
6,492 SF Industrial Building


What's a Good Cap Rate for an Investment Property?
By:  Chris Brauckmuller, Fundrise

Capitalization (cap) rates are the most commonly used metric by which real estate investments are measured. Which begs the question - what is a good cap rate for an investment property? As with any complex topic, the answer is that it depends.

CoStar US Price Indices Post Fifth Consecutive Year of Price
Growth Despite Year-End Deceleration
By:  Randyl Drummer, CoStar

Composite Price Indices Rise More Than 6% in 2016, Despite Slower Growth Across All US Regions, Property Types.

The CoStar Commercial Repeat-Sale Indices (CCRSI) ended both the fourth quarter and full year of 2016 in positive territory, in spite of decelerating price growth rates across all U.S. regions and property types and lower transaction volume over the past 12 months.

CRE Leaders Optimistic About 'Continued Boom' in US Property Market Through 2017 and Beyond
By:  Randyl Drummer, CoStar

Despite Economic and Regulatory Uncertainties, Most See Continued Growth in US Debt and Equity Markets

A pair of new surveys point to continued favorable market conditions for US commercial real estate this year, with a strengthening economy paired with improved property fundamental and ready access to capital shoring up the real estate expansion through 2017. 

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Premier Commercial Realty
 industrial  | retail  | office | land 
business  | investment

 9225 S. IL Route 31 | Lake in the Hills, IL 60156
  847-854-2300 |  www.PremierCommercialRealty.com

Bruce Bossow, x 12 847-732-3462
Bruce Kaplan, x 20  847-507-1759
Heather Schweitzer, x 15  815-236-9816
Heide Casciaro, x 26 847-774-5660
Joe Billitteri, x 21  847-833-5004
Joe Heffernan, x 18  847-302-5550
Tina Kropke, CCIM, x 14  815-970-0546
Michael Williamson, CCIM, x 25  847-732-0504
Kevin Kaplan, x 13  309-261-0920