901 e. center - loopnet · 901 e. center 901 e. 162nd street south holland, il 60473 nicholas...

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SVN | CHICAGO COMMERCIAL | 940 WEST ADAMS STREET, SUITE 200, CHICAGO, IL 60607 OFFERING MEMORANDUM 901 E. CENTER 901 E. 162ND STREET SOUTH HOLLAND, IL 60473 Nicholas Manganais Vice President 312.756.7332 [email protected]

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Page 1: 901 E. CENTER - LoopNet · 901 E. CENTER 901 E. 162ND STREET SOUTH HOLLAND, IL 60473 Nicholas Manganais Vice President 312.756.7332 nick.manganais@svn.com. PROPERTY INFORMATION 3

SVN | CHICAGO COMMERCIAL | 940 WEST ADAMS STREET, SUITE 200, CHICAGO, IL 60607 OFFERING MEMORANDUM

901 E. CENTER901 E. 162ND STREETSOUTH HOLLAND, IL 60473

Nicholas ManganaisVice [email protected]

Page 2: 901 E. CENTER - LoopNet · 901 E. CENTER 901 E. 162ND STREET SOUTH HOLLAND, IL 60473 Nicholas Manganais Vice President 312.756.7332 nick.manganais@svn.com. PROPERTY INFORMATION 3

PROPERTY INFORMATION 3Property SummaryAvailable SpacesAdditional Photos

LOCATION INFORMATION 7Location DescriptionRegional MapRetailer Map

ADDITIONAL INFORMATION 11Additional PhotosLocation MapsAerial Map

DEMOGRAPHICS 15Demographics ReportDemographics Map

ADVISOR BIOS 18Advisor Bio & Contact 1Advisor Bio & Contact 2Advisor Bio & Contact 3DisclaimerBack Page

OFFERING MEMORANDUM901 E. CENTER | 901 E. 162ND STREET, SOUTH HOLLAND, IL 60473

Page 3: 901 E. CENTER - LoopNet · 901 E. CENTER 901 E. 162ND STREET SOUTH HOLLAND, IL 60473 Nicholas Manganais Vice President 312.756.7332 nick.manganais@svn.com. PROPERTY INFORMATION 3

1 PROPERTYINFORMATION

901 E. 162nd StreetSouth Holland, IL 60473

901 E. CENTER | 901 E. 162ND STREET SOUTH HOLLAND, IL 60473 SVN | Chicago Commercial | Page 3

Page 4: 901 E. CENTER - LoopNet · 901 E. CENTER 901 E. 162ND STREET SOUTH HOLLAND, IL 60473 Nicholas Manganais Vice President 312.756.7332 nick.manganais@svn.com. PROPERTY INFORMATION 3

OFFERING SUMMARY

Available SF: 1,308 - 2,628 SF

Lease Rate: $2,615 - 5,255 per

month (MG)

Year Built: 2019

Building Size: 4,000 SF

SVN Chicago Commercial is proud to present for lease 901 E Center in South Holland, IL. Cook County. 901 ECenter will be breaking ground shortly with a projected spring time completion. 901 E will feature theflexibility presently to be a one unit 4,000 SF rental space or two units of 1308 SF and 2,628 SF. Or threerental units of 1308 SF each.The center will sit a long side a newly constructed free standing Any Time Fitness Center, and will share anample sized parking area. 162nd Street is the major East/West corridor through downtown South Holland.The center will face 162nd street (Route 6) allowing from great visibility and strong traffic counts (32,700VPD).

PROPERTY OVERVIEW

PROPERTY HIGHLIGHTS

• Brand New Construction

• Delivery Spring 2019

• Building can be a single tenant or multi tenant rental of Retail/Office

• Great traffic visiblity

• Traffic count of 32,700 VPD

Property Summary

901 E. CENTER | 901 E. 162ND STREET SOUTH HOLLAND, IL 60473 SVN | Chicago Commercial | Page 4The information presented here is deemed to be accurate, but it has not been independently verified. We make no guarantee, warranty or representation. It is your responsibility to independently confirm accuracy and completeness. All SVN® offices are independently owned and operated.

Page 5: 901 E. CENTER - LoopNet · 901 E. CENTER 901 E. 162ND STREET SOUTH HOLLAND, IL 60473 Nicholas Manganais Vice President 312.756.7332 nick.manganais@svn.com. PROPERTY INFORMATION 3

901 E. CENTER | 901 E. 162ND STREET SOUTH HOLLAND, IL 60473 SVN | Chicago Commercial | Page 5The information presented here is deemed to be accurate, but it has not been independently verified. We make no guarantee, warranty or representation. It is your responsibility to independently confirm accuracy and completeness. All SVN® offices are independently owned and operated.

SUITE TENANT SIZE (SF) LEASE TYPE LEASE RATE DESCRIPTION

901 E. Unit A Available 1,308 SF Modified Gross $2,615 per month

901 E Unit B Available 2,628 SF Modified Gross $5,255 per month

LEASE TYPE | MG LEASE SPACE | 1,308 - 2,628 SF

LEASE TERM | 60 months LEASE RATE | $2,615 - $5,255 per month

Available Spaces

Page 6: 901 E. CENTER - LoopNet · 901 E. CENTER 901 E. 162ND STREET SOUTH HOLLAND, IL 60473 Nicholas Manganais Vice President 312.756.7332 nick.manganais@svn.com. PROPERTY INFORMATION 3

901 E. CENTER | 901 E. 162ND STREET SOUTH HOLLAND, IL 60473 SVN | Chicago Commercial | Page 6The information presented here is deemed to be accurate, but it has not been independently verified. We make no guarantee, warranty or representation. It is your responsibility to independently confirm accuracy and completeness. All SVN® offices are independently owned and operated.

Additional Photos

Page 7: 901 E. CENTER - LoopNet · 901 E. CENTER 901 E. 162ND STREET SOUTH HOLLAND, IL 60473 Nicholas Manganais Vice President 312.756.7332 nick.manganais@svn.com. PROPERTY INFORMATION 3

2 LOCATIONINFORMATION

901 E. 162nd StreetSouth Holland, IL 60473

901 E. CENTER | 901 E. 162ND STREET SOUTH HOLLAND, IL 60473 SVN | Chicago Commercial | Page 7

Page 8: 901 E. CENTER - LoopNet · 901 E. CENTER 901 E. 162ND STREET SOUTH HOLLAND, IL 60473 Nicholas Manganais Vice President 312.756.7332 nick.manganais@svn.com. PROPERTY INFORMATION 3

901 E. CENTER | 901 E. 162ND STREET SOUTH HOLLAND, IL 60473 SVN | Chicago Commercial | Page 8The information presented here is deemed to be accurate, but it has not been independently verified. We make no guarantee, warranty or representation. It is your responsibility to independently confirm accuracy and completeness. All SVN® offices are independently owned and operated.

SVN Chicago Commercial is proud to present for lease 901 E Center in South Holland, IL. Cook County. 901 E Center will be breaking groundshortly with a projected spring time completion. 901 E will feature the flexibility presently to be a one unit 4,000 SF rental space or two units of1308 SF and 2,628 SF. Or three rental units of 1308 SF each.The center will sit a long side a newly constructed free standing Any Time Fitness Center, and will share an ample sized parking area. 162ndStreet is the major East/West corridor through downtown South Holland. The center will face 162nd street (Route 6) allowing from greatvisibility and strong traffic counts (32,700 VPD).

PROPERTY OVERVIEW

The 901 E Center will sit along side a newly constructed free standing Any Time Fitness Center and will share an ample sized parking area.162nd Street is the major East/West corridor through downtown South Holland. The building will face 162nd street (Route 6) allowing greatvisibility and strong traffic counts (32,700 VPD).The City of South Holland is a south suburban community located approximately 22 miles directly south of the City of Chicago. In 2007, SouthHolland was named “Most Livable Metro-Area Suburb” of the Chicago Metropolitan Area by Forbes.com.

LOCATION OVERVIEW

Location Description

Page 9: 901 E. CENTER - LoopNet · 901 E. CENTER 901 E. 162ND STREET SOUTH HOLLAND, IL 60473 Nicholas Manganais Vice President 312.756.7332 nick.manganais@svn.com. PROPERTY INFORMATION 3

901 E. CENTER | 901 E. 162ND STREET SOUTH HOLLAND, IL 60473 SVN | Chicago Commercial | Page 9The information presented here is deemed to be accurate, but it has not been independently verified. We make no guarantee, warranty or representation. It is your responsibility to independently confirm accuracy and completeness. All SVN® offices are independently owned and operated.

901 E. Center

Regional Map

Page 10: 901 E. CENTER - LoopNet · 901 E. CENTER 901 E. 162ND STREET SOUTH HOLLAND, IL 60473 Nicholas Manganais Vice President 312.756.7332 nick.manganais@svn.com. PROPERTY INFORMATION 3

901 E. CENTER | 901 E. 162ND STREET SOUTH HOLLAND, IL 60473 SVN | Chicago Commercial | Page 10The information presented here is deemed to be accurate, but it has not been independently verified. We make no guarantee, warranty or representation. It is your responsibility to independently confirm accuracy and completeness. All SVN® offices are independently owned and operated.

Retailer Map

Page 11: 901 E. CENTER - LoopNet · 901 E. CENTER 901 E. 162ND STREET SOUTH HOLLAND, IL 60473 Nicholas Manganais Vice President 312.756.7332 nick.manganais@svn.com. PROPERTY INFORMATION 3

3 ADDITIONALINFORMATION

901 E. 162nd StreetSouth Holland, IL 60473

901 E. CENTER | 901 E. 162ND STREET SOUTH HOLLAND, IL 60473 SVN | Chicago Commercial | Page 11

Page 12: 901 E. CENTER - LoopNet · 901 E. CENTER 901 E. 162ND STREET SOUTH HOLLAND, IL 60473 Nicholas Manganais Vice President 312.756.7332 nick.manganais@svn.com. PROPERTY INFORMATION 3

901 E. CENTER | 901 E. 162ND STREET SOUTH HOLLAND, IL 60473 SVN | Chicago Commercial | Page 12The information presented here is deemed to be accurate, but it has not been independently verified. We make no guarantee, warranty or representation. It is your responsibility to independently confirm accuracy and completeness. All SVN® offices are independently owned and operated.

Traffic Map

Page 13: 901 E. CENTER - LoopNet · 901 E. CENTER 901 E. 162ND STREET SOUTH HOLLAND, IL 60473 Nicholas Manganais Vice President 312.756.7332 nick.manganais@svn.com. PROPERTY INFORMATION 3

901 E. CENTER | 901 E. 162ND STREET SOUTH HOLLAND, IL 60473 SVN | Chicago Commercial | Page 13The information presented here is deemed to be accurate, but it has not been independently verified. We make no guarantee, warranty or representation. It is your responsibility to independently confirm accuracy and completeness. All SVN® offices are independently owned and operated.

Location Maps

Page 14: 901 E. CENTER - LoopNet · 901 E. CENTER 901 E. 162ND STREET SOUTH HOLLAND, IL 60473 Nicholas Manganais Vice President 312.756.7332 nick.manganais@svn.com. PROPERTY INFORMATION 3

901 E. CENTER | 901 E. 162ND STREET SOUTH HOLLAND, IL 60473 SVN | Chicago Commercial | Page 14The information presented here is deemed to be accurate, but it has not been independently verified. We make no guarantee, warranty or representation. It is your responsibility to independently confirm accuracy and completeness. All SVN® offices are independently owned and operated.

901 E. Center

Aerial Map

Page 15: 901 E. CENTER - LoopNet · 901 E. CENTER 901 E. 162ND STREET SOUTH HOLLAND, IL 60473 Nicholas Manganais Vice President 312.756.7332 nick.manganais@svn.com. PROPERTY INFORMATION 3

4DEMOGRAPHICS

901 E. 162nd StreetSouth Holland, IL 60473

901 E. CENTER | 901 E. 162ND STREET SOUTH HOLLAND, IL 60473 SVN | Chicago Commercial | Page 15

Page 16: 901 E. CENTER - LoopNet · 901 E. CENTER 901 E. 162ND STREET SOUTH HOLLAND, IL 60473 Nicholas Manganais Vice President 312.756.7332 nick.manganais@svn.com. PROPERTY INFORMATION 3

901 E. CENTER | 901 E. 162ND STREET SOUTH HOLLAND, IL 60473 SVN | Chicago Commercial | Page 16The information presented here is deemed to be accurate, but it has not been independently verified. We make no guarantee, warranty or representation. It is your responsibility to independently confirm accuracy and completeness. All SVN® offices are independently owned and operated.

1 MILE 3 MILES 5 MILES

Total population 14,793 93,889 241,770

Median age 40.3 35.9 35.0

Median age (male) 35.9 32.1 32.2

Median age (female) 41.3 38.0 36.8

Total households 5,042 33,446 86,683

Total persons per HH 2.9 2.8 2.8

Average HH income $71,086 $59,000 $55,406

Average house value $170,377 $151,865 $146,030

* Demographic data derived from 2010 US Census

Demographics Report

Page 17: 901 E. CENTER - LoopNet · 901 E. CENTER 901 E. 162ND STREET SOUTH HOLLAND, IL 60473 Nicholas Manganais Vice President 312.756.7332 nick.manganais@svn.com. PROPERTY INFORMATION 3

901 E. CENTER | 901 E. 162ND STREET SOUTH HOLLAND, IL 60473 SVN | Chicago Commercial | Page 17The information presented here is deemed to be accurate, but it has not been independently verified. We make no guarantee, warranty or representation. It is your responsibility to independently confirm accuracy and completeness. All SVN® offices are independently owned and operated.

POPULATION 1 MILE 3 MILES 5 MILES

Total population 14,793 93,889 241,770

Median age 40.3 35.9 35.0

Median age (Male) 35.9 32.1 32.2

Median age (Female) 41.3 38.0 36.8

HOUSEHOLDS & INCOME 1 MILE 3 MILES 5 MILES

Total households 5,042 33,446 86,683

# of persons per HH 2.9 2.8 2.8

Average HH income $71,086 $59,000 $55,406

Average house value $170,377 $151,865 $146,030

* Demographic data derived from 2010 US Census

Demographics Map

Page 18: 901 E. CENTER - LoopNet · 901 E. CENTER 901 E. 162ND STREET SOUTH HOLLAND, IL 60473 Nicholas Manganais Vice President 312.756.7332 nick.manganais@svn.com. PROPERTY INFORMATION 3

5 ADVISOR BIOS901 E. 162nd Street

South Holland, IL 60473

901 E. CENTER | 901 E. 162ND STREET SOUTH HOLLAND, IL 60473 SVN | Chicago Commercial | Page 18

Page 19: 901 E. CENTER - LoopNet · 901 E. CENTER 901 E. 162ND STREET SOUTH HOLLAND, IL 60473 Nicholas Manganais Vice President 312.756.7332 nick.manganais@svn.com. PROPERTY INFORMATION 3

940 West Adams Street, Suite 200Chicago, IL 60607T 312.756.7332C [email protected]

PROFESSIONAL BACKGROUND

Nicholas J. Manganais began his career in real estate in 1985 as a licensed salesperson, received his broker’s license in1987, and completed all CCIM course requirements that same year. He serves as a vice president at SVN | ChicagoCommercial with an emphasis on the sale of multifamily and land properties (dealing with residential, retail, industrial,and mixed-use developments) in the metro Chicago suburbs. Prior to joining to SVN, Nick had a long tenure working at anational brokerage firm where he reached the title of First Vice President Investment and was involved in the listing andclosing of over $600M worth of properties in Illinois, Iowa, Michigan, Wisconsin, Minnesota, and Indiana. Prior to enteringthe real estate field, Nick had worked for major corporations such as AVCO Corporation and United Parcel Service as aProject Construction Manager on many projects all over the eastern, southeastern, and midwestern parts of the U.S. andoverseas. Nick has developed strong relationships with a diverse field of clients from major home builders, commercialreal estate developers, major asset owners, and private owners of real estate. Nick prides himself on being an advisor toall his clients, helping them create and preserve their wealth.

Nick graduated from Lowell Technological Institute (now University of Massachusetts - Lowell) with a degree inEngineering. He has been a member of ICSC since 1997.

NICHOLAS MANGANAIS

Vice President

901 E. CENTER | 901 E. 162ND STREET SOUTH HOLLAND, IL 60473 SVN | Chicago Commercial | Page 19The information presented here is deemed to be accurate, but it has not been independently verified. We make no guarantee, warranty or representation. It is your responsibility to independently confirm accuracy and completeness. All SVN® offices are independently owned and operated.

Advisor Bio & Contact 1

Page 20: 901 E. CENTER - LoopNet · 901 E. CENTER 901 E. 162ND STREET SOUTH HOLLAND, IL 60473 Nicholas Manganais Vice President 312.756.7332 nick.manganais@svn.com. PROPERTY INFORMATION 3

T

901 E. CENTER | 901 E. 162ND STREET SOUTH HOLLAND, IL 60473 SVN | Chicago Commercial | Page 20The information presented here is deemed to be accurate, but it has not been independently verified. We make no guarantee, warranty or representation. It is your responsibility to independently confirm accuracy and completeness. All SVN® offices are independently owned and operated.

Advisor Bio & Contact 2

Page 21: 901 E. CENTER - LoopNet · 901 E. CENTER 901 E. 162ND STREET SOUTH HOLLAND, IL 60473 Nicholas Manganais Vice President 312.756.7332 nick.manganais@svn.com. PROPERTY INFORMATION 3

T

901 E. CENTER | 901 E. 162ND STREET SOUTH HOLLAND, IL 60473 SVN | Chicago Commercial | Page 21The information presented here is deemed to be accurate, but it has not been independently verified. We make no guarantee, warranty or representation. It is your responsibility to independently confirm accuracy and completeness. All SVN® offices are independently owned and operated.

Advisor Bio & Contact 3

Page 22: 901 E. CENTER - LoopNet · 901 E. CENTER 901 E. 162ND STREET SOUTH HOLLAND, IL 60473 Nicholas Manganais Vice President 312.756.7332 nick.manganais@svn.com. PROPERTY INFORMATION 3

901 E. CENTER | 901 E. 162ND STREET SOUTH HOLLAND, IL 60473 SVN | Chicago Commercial | Page 22The information presented here is deemed to be accurate, but it has not been independently verified. We make no guarantee, warranty or representation. It is your responsibility to independently confirm accuracy and completeness. All SVN® offices are independently owned and operated.

The material contained in this Offering Brochure is furnished solely for the purpose of considering a lease of a portion of the property within and is not to beused for any other purpose. This information should not, under any circumstances, be photocopied or disclosed to any third party without the writtenconsent of the SVN® Advisor or Property Owner (“Owner”), or used for any purpose whatsoever other than to evaluate the possible lease of the Property.

The only party authorized to represent the Owner in connection with the lease of the Property is the SVN Advisor listed in this proposal, and no other personis authorized by the Owner to provide any information or to make any representations other than contained in this Lease Offering Brochure.If the personreceiving these materials does not choose to pursue a lease of the Property, this Lease Offering Brochure must be returned to the SVN Advisor.

Neither the SVN Advisor nor the Owner make any representation or warranty, express or implied, as to the accuracy or completeness of the informationcontained herein, and nothing contained herein is or shall be relied upon as a promise or representation as to the future representation of the Property. ThisLease Offering Brochure may include certain statements and estimates by SVN with respect to the Property. These Assumptions may or may not be provento be correct, and there can be no assurance that such estimates will be achieved. Further, the SVN Advisor and the Owner disclaim any and all liability forrepresentations or warranties, expressed or implied, contained in or omitted from this Lease Offering Brochure, or any other written or oral communicationtransmitted or made available to the recipient. The recipient shall be entitled to rely solely on those representations and warranties that may be made to it inany final, fully executed and delivered Real Estate Lease Agreement between it and Owner.The information contained herein is subject to change without notice and the recipient of these materials shall not look to Owner or the SVN Advisor, nor anyof their officers, employees, representatives, independent contractors or affiliates, for the accuracy or completeness thereof. Recipients of this Lease OfferingBrochure are advised and encouraged to conduct their own comprehensive review and analysis of the Property.

This Lease Offering Brochure is a solicitation of interest only and is not an offer to lease the Property. The Owner expressly reserves the right, at its solediscretion, to reject any or all expressions of interest to lease the Property and expressly reserves the right, at its sole discretion, to terminate negotiationswith any entity, for any reason, at any time with or without notice. The Owner shall have no legal commitment or obligation to any entity reviewing the LeaseOffering Brochure or making an offer to lease the Property unless and until the Owner executes and delivers a signed Real Estate Lease Agreement on termsacceptable to Owner, in Owner’s sole discretion. By submitting an offer to lease, a prospective lessee will be deemed to have acknowledged the foregoingand agreed to release the Owner and the SVN Advisor from any liability with respect thereto.

To the extent Owner or any agent of Owner corresponds with any prospective lessee, any prospective lesse should not rely on any such correspondence orstatements as binding Owner. Only a fully executed Real Estate Lease Agreement shall bind the property and each prospective purchaser proceeds at itsown risk.

Disclaimer

Page 23: 901 E. CENTER - LoopNet · 901 E. CENTER 901 E. 162ND STREET SOUTH HOLLAND, IL 60473 Nicholas Manganais Vice President 312.756.7332 nick.manganais@svn.com. PROPERTY INFORMATION 3

940 West Adams Street, Suite 200Chicago, IL 60607

312.756.7332svnchicago.com

All SVN® Offices Independently Owned & Operated | 2019 All Right Reserved