hammond logistics warehousehammondlogisticscenter.com/hammondlogisticscenter/... · b d a ty....

Broker Disclosure: A real estate licensee holds a beneficial interest in this property.

HAMMOND LOGISTICS WAREHOUSEBULK WAREHOUSEHAMMOND, INDIANA

AVAILABLE 2ND QUARTER 2018

PROPERTY

• 3445 Sheffield Avenue, Hammond, IN 46327

• 225,000 SF, demised into 50,000 SF units

• 32’ clear ceiling with LED lighting

• Pre cast construction with membrane roofing surface

• Up to 40 docks

• 186 car parking spaces

• 60 trailer parking spots

• ESFR sprinkling system

• City of Hammond Utilities

• TI and office buildout included in competitive base rent

• Aggressive incentive packages available

• FOR LEASE

PROPERTY HIGHLIGHTS:

LOCATION HIGHLIGHTS:

Located a few hundred feet from the Illinois border, 3445 Sheffield Ave. is the ideal location for quick access to I-90, I-94 and downtown Chicago. The property is strategically positioned for companies requiring proximity to downtown Chicago and instant access to the major expressways.

• 1500 feet to toll road on ramp at Calumet ave.

• 5 miles to I-94, straight south on Calumet ave.

• 15 miles to the Loop

Jeff Smoke + Managing Director574.855.5700 [email protected]

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BUILDING SPECIFICATIONS

Available Space: 225,000 SF

Site Area: 18 acres

Construction: Precast concrete

Dock Doors: 14 (expandable to 40)

Drive-In Doors: 2

Clear Height: 32’

Office Area: 1,000 SF

Column Spacing: 50 x 50

Loading Bay: 50 x 60

Electrical: 1200 amp—expandable

Fire Protection System: ESFR

Parking: 186 spots, 60 Truck trailer spots

Lighting: LED

Floors: 6” 3500 PSI concrete

Taxes: TBD

Availability: July 2018

FOR LEASE:




Indiana Transportation, Distribution & Logistics Overview

Indiana is a global logistics leader and offers a strong competitive advantage when it comes to reaching North American markets.

Known as the “Crossroads of America,” Indiana is home to the second largest FedEx hub in the world and provides access to 80% of the U.S. and Canadian populations within a one day drive making it second in the nation in the number of people accessible within one day. With 14 Interstates, Indiana ranks second in the nation for highway access.

• Indiana has the fourth lowest cost of living in the country

• Indiana ranks first in the Midwest and sixth in the nation for “Best States for Business” (Chief Executive, May 2015)

• Indiana ranks 10th in the country and best in the Midwest in the State Business Tax Climate (2015 Tax Foundation)

• Indiana ranks 6th in infrastructure and global access and tied with Georgia and Texas for third, in Distribution/Supply Chain Hubs.

• Home to the second largest rail switching yard in the nation (Elkhart Rail Yard)

• Indiana is home to 3 ports and ranks seventh in U.S. waterborne shipping and 15th in total foreign and domestic waterborne shipping




Doing Business in Indiana

Business Cost ComparisonTaxes & Factors IN ILCorporate Income Tax Rate (a) 6.0% 7.75%State Apportionment of Corporate Income

Single Sales Factor

Single Sales Factor

Individual Income Tax Rate (a) 3.23% 3.75%Local Average Individual Income Tax Rate (b) 1.56% None

Local Average & Sales Tax Rate 7.00% 8.64%Unemployment Insurance Tax Rate times State Wage Base $237.50 $447.12

Workers’ Compensation Premium Rate Index (Per $100 of payroll)

$1.05 $2.23

Mean Hourly Wage $21.21 $27.07Cost of Living Index 99.1 112.1Right To Work YES No

Indiana Rankings

• FIRST Nationally for Cost of Doing Business FIRST Nationally for Infrastructure

• FIRST Nationally for Best Regulatory Environment FIRST in the Midwest for Low Taxes, 8th Nationally SECOND Nationally for Availability of Skilled Labor

• SECOND Forbes Best States for Business & Careers Regulatory Environment

• AAA Bond Rating

Manufacturing/Logistics

• Indiana has about 8,500 manufacturing establishments.

• Manufacturing employs one in every five Hoosiers.

• With a GDP of $15.B, Indiana’s motor vehicle manufacturing industry is the 2nd highest in the US.

• Indiana has received straight A’s in manufacturing, tax climate, and global reach since 2008, in the nationwide Manufacturing + Logistics Report.

• Hammond is the 5th largest city in the State of Indiana and is located at the very Northwestern corner of the state. Hammond is part of the greater Chicago metropolitan area

Driving Distances• .5 miles to I-90 interchange 16 miles to I-65 interchange• 6 mile to Chicago South Business District• 9 miles to I-80/94 I-57 interchanges• 15 miles to Chicago Loop and 20 miles to Chicago Midway

Airport

• Right-to-work state

• Lower Workman’s Compensation and Unemployment Insurance compared to Illinois.

• Property taxes significantly lower than most South Cook County municipalities.

Tax Rates Decreasing

• Corporate Income Tax 6.0% reducing to 4.9% Indiana’s corporate income tax rate is decreasing from 6.0% in 2017 to 4.9% by 2021.

• July 2017 - 6.0%• July 2018 - 5.75%• July 2019 - 5.5%• July 2020 - 5.25%• July 2021 - 4.9%

• Single Sales Factor Apportionment - The Indiana portion of a corporation’s tax liability is based solely on the portion of the company’s sales in Indiana.

• Individual Income Tax 3.3% to 3.23% in 2017 Individual income tax rate decreased from 3.3% to 3.23% in 2017 and beyond.

(a) The corporate income tax rate and individual income tax rate decreases are effective July 1 of each year noted.

(b) The effective local income tax rate is calculated by taking the mean of the income tax rate in the most populous city and the capital city




Great Lakes Capital is a real estate private equity firm uniquely positioned to add value to real estate investments through development, redevelopment and opportunistically investing across the real estate spectrum and throughout the capital structure. We concentrate on several core asset classes, including office, industrial, retail, medical office, multifamily and other similar conforming product types as well as mixed use projects. Since 2005, our experience, long-term perspective and discipline have allowed us to grow to an asset footprint covering the expanded Midwest.

In addition to heavy value add opportunities, GLC also focuses on principal equity development, growing a portfolio of properties across these same asset classes. As a market leader in new development we actively address the needs of our tenant partners in addition to speculative development meeting needs the market has not yet reacted to. Our ability to leverage experience, capitalize on breadth of market knowledge and geographic presence, allowing us to react quickly to the changing markets, positions GLC as an ideal real estate partner.

for moreJeff Smoke + Managing Director574.855.5700 [email protected]

hammond logistics warehousehammondlogisticscenter.com/hammondlogisticscenter/... · b d a ty....

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