Professional Documents
Culture Documents
Deals
21
$43.37
$39.42
12
LEASE COMPARABLES
SUMMARY STATISTICS
Rent
Deals
Low
Average
Median
High
15
$30.00
$43.37
$45.00
$55.00
$28.00
$39.42
$32.50
$60.00
$28.03
$38.90
$32.50
$58.04
6.7%
6.7%
6.7%
6.7%
TI Allowance
Deals
Low
Average
Median
High
Months on Market
17
12
49
Deal Size
21
1,150
3,152
2,989
10,000
12
1.0
5.4
5.0
10.0
Floor Number
20
LL
GRND
Lease Attributes
11/7/2016
Copyrighted report licensed to Jameson Commercial Real Estate - 79023.
Page 1
Edison Place
1669-1681 N Milwaukee Ave
10
10
10
11
12
13
14
15
16
16
17
Rents
Rating
SF Leased
Floor
Sign Date
Type
Rent
Rent Type
1,156
1st
9/22/2016
New
$28.03/nnn
Effective
2,350
1st
12/2/2013
New
$38.00
Asking
3,000
1st
6/30/2016
New
$35.00/nnn
Asking
3,000
1st
4/7/2015
New
$45.00/nnn
Asking
1,775
1st
5/30/2014
Renewal
$47.91/mg
Effective
1,400
1st
1/30/2015
New
$23.00/mg
Asking
1,763
1st
6/1/2015
New
$32.00/nnn
Asking
1,250
1st
5/2/2014
New
$37.00/nnn
Asking
1,551
1st
8/21/2015
New
$30.00/nnn
Asking
7,806
1st
10/1/2014
Renewal
$32.50/nnn
Effective
2,266
Unkwn
7/12/2016
$48.00/nnn
Asking
2,266
1st
7/2/2016
New
$48.00/nnn
Asking
4,696
1-2
1/30/2015
New
$34.00/nnn
Asking
1,150
1st
8/1/2015
New
$47.00/nnn
Asking
10,000
LL,GRND
3/3/2016
New
$55.00/nnn
Asking
3,393
1st
1/1/2014
New
$55.00/nnn
Asking
3,009
1st
11/6/2014
New
$55.00/nnn
Asking
5,112
1st
3/1/2014
New
$53.00/nnn
Asking
3,267
1st
9/1/2015
New
$58.04/nnn
Effective
2,989
1st
3/10/2014
New
$48.00/nnn
Asking
3,000
1st
3/1/2015
New
$34.00/mg
Effective
11/7/2016
Copyrighted report licensed to Jameson Commercial Real Estate - 79023.
Page 2
Industry:
Retailers/Wholesalers
LEASE
RENTS
SF Leased:
1,156 SF
Asking Rent:
$30.00/NNN
Sign Date:
Sep 2016
Starting Rent:
$28.00/NNN
Space Use:
Office/Retail
Effective Rent:
$28.03/NNN
Lease Type:
Direct
Escalations:
3% Annual
Floor:
1st Floor
Suite:
LEASE TERM
Start Date:
Dec 2016
Expiration Date:
Dec 2019
Lease Term:
3 Years 1 Month
TIME ON MARKET
MARKET AT LEASE
Vacancy Rate
2016 Q3
6.67%
1 Month
TIME VACANT
Date On Market:
Feb 2016
Date Vacated:
Feb 2016
Sep 2016
Date Occupied:
Dec 2016
Months on Market:
7 Mos
Months Vacant:
10 Months
YOY
Current Building
9.5%
5.4%
PROPERTY
5.1%
1.1%
Property Type:
Retail
Rentable Area:
12,192 SF
Metro Overall
7.4%
0.7%
Status:
Stories:
Tenancy:
Floor Size:
4,186 SF
2016 Q3
YOY
Class:
Vacancy at Lease:
9.5%
Current Building
$30.00
Construction:
Masonry
Land Acres:
0.19
$18.34
1.5%
Parking:
Metro Overall
$15.70
0.3%
2016 Q3
YOY
12 Mo. Leased SF
1,581,571
3.9%
Months On Market
12.9
2.7
11/7/2016
Copyrighted report licensed to Jameson Commercial Real Estate - 79023.
Page 3
5411 Empanadas
Industry:
Retailers/Wholesalers
LEASE
RENTS
SF Leased:
2,350 SF
Sign Date:
Dec 2013
Asking Rent:
$20.72-$38.00
Space Use:
Retail
PROPERTY EXPENSES
Lease Type:
Direct
Taxes:
Floor:
1st Floor
$1.68/SF (2014)
LEASE TERM
Start Date:
Jul 2014
TIME ON MARKET
TIME VACANT
Date On Market:
May 2013
Date Vacated:
May 2013
Feb 2014
Date Occupied:
Jul 2014
Months on Market:
9 Mos
Months Vacant:
14 Months
Property Type:
Retail
Rentable Area:
4,913 SF
Status:
Built 1920
Stories:
47.8%
Tenancy:
Multi
Floor Size:
3,000 SF
Vacancy at Lease:
47.8%
Masonry
Land Acres:
0.06
PROPERTY
MARKET AT LEASE
Vacancy Rate
Current Building
2013 Q4
47.8%
YOY
6.8%
0.4%
Class:
Metro Overall
8.9%
0.6%
Construction:
2013 Q4
-
YOY
-
$17.40
6.5%
Metro Overall
$15.44
1.1%
2013 Q4
YOY
12 Mo. Leased SF
1,140,367
7.5%
Months On Market
13.1
2.0
11/7/2016
Copyrighted report licensed to Jameson Commercial Real Estate - 79023.
Page 4
Tapster
Industry:
Retailers/Wholesalers
LEASE
RENTS
SF Leased:
3,000 SF
Sign Date:
Jun 2016
Asking Rent:
$35.00/NNN
Space Use:
Retail
PROPERTY EXPENSES
Lease Type:
Direct
Taxes:
$1.45/SF (2014)
Floor:
1st Floor
Operating Exp.:
$2.17/SF (2011-Est)
LEASE TERM
Start Date:
Jan 2017
TIME ON MARKET
TIME VACANT
Date On Market:
Oct 2015
Date Vacated:
Sep 2015
Jun 2016
Date Occupied:
Jan 2017
Months on Market:
8 Mos
Months Vacant:
16 Months
Property Type:
Retail
Rentable Area:
11,141 SF
Status:
Built 1912
Stories:
26.9%
Tenancy:
Multi
Floor Size:
5,570 SF
Vacancy at Lease:
26.9%
Land Acres:
0.19
PROPERTY
MARKET AT LEASE
Vacancy Rate
Current Building
2016 Q2
26.9%
YOY
5.5%
0.6%
Class:
Metro Overall
7.7%
0.5%
Construction:
Masonry
Parking:
2016 Q2
-
YOY
-
$18.21
0.8%
Metro Overall
$15.75
0.2%
2016 Q2
YOY
12 Mo. Leased SF
1,755,471
40.2%
Months On Market
12.4
6.2
11/7/2016
Copyrighted report licensed to Jameson Commercial Real Estate - 79023.
Page 5
Apartment Finders
Industry:
Personal Services
LEASE
RENTS
SF Leased:
3,000 SF
Sign Date:
Apr 2015
Asking Rent:
$45.00/NNN
Space Use:
Retail
PROPERTY EXPENSES
Lease Type:
Direct
Taxes:
$1.45/SF (2014)
Floor:
1st Floor
Operating Exp.:
$2.17/SF (2011-Est)
LEASE TERM
Start Date:
May 2015
TIME ON MARKET
TIME VACANT
Date On Market:
Dec 2012
Apr 2015
Months on Market:
28 Mos
Date Occupied:
May 2015
PROPERTY
MARKET AT LEASE
Vacancy Rate
Current Building
2015 Q2
0.0%
Property Type:
Retail
Rentable Area:
11,141 SF
Status:
Built 1912
Stories:
26.9%
Tenancy:
Multi
Floor Size:
5,570 SF
Vacancy at Lease:
0.0%
Land Acres:
0.19
YOY
6.1%
0.0%
Class:
Metro Overall
8.2%
0.4%
Construction:
Masonry
Parking:
2015 Q2
YOY
Current Building
$45.00
$18.36
5.6%
Metro Overall
$15.79
1.6%
2015 Q2
YOY
12 Mo. Leased SF
1,252,059
14.3%
Months On Market
18.7
2.8
11/7/2016
Copyrighted report licensed to Jameson Commercial Real Estate - 79023.
Page 6
Lokal
LEASE
RENTS
SF Leased:
1,775 SF
Starting Rent:
$47.91/MG
Sign Date:
May 2014
Effective Rent:
$47.91/MG
Space Use:
Retail
Lease Type:
Direct
PROPERTY EXPENSES
Floor:
1st Floor
Taxes:
$3.97/SF (2014)
Operating Exp.:
$5.26/SF (2016)
LEASE TERM
Start Date:
May 2014
Expiration Date:
May 2019
Lease Term:
5 Years
TIME VACANT
Date Occupied:
May 2014
PROPERTY
Property Type:
Retail
Rentable Area:
2,223 SF
Status:
Built 1878
Stories:
Tenancy:
Multi
Floor Size:
1,111 SF
0.0%
Class:
Vacancy at Lease:
0.0%
Construction:
Masonry
Land Acres:
0.04
MARKET AT LEASE
Vacancy Rate
Current Building
2014 Q2
0.0%
YOY
6.3%
0.2%
Metro Overall
8.6%
0.4%
2014 Q2
-
YOY
-
$16.81
3.2%
Metro Overall
$15.54
1.8%
2014 Q2
YOY
12 Mo. Leased SF
1,461,677
33.8%
Months On Market
15.9
2.0
11/7/2016
Copyrighted report licensed to Jameson Commercial Real Estate - 79023.
Page 7
Maxx Muscle
Industry:
Personal Services
LEASE
RENTS
SF Leased:
1,400 SF
Sign Date:
Jan 2015
Asking Rent:
$23.00/MG
Space Use:
Retail
PROPERTY EXPENSES
Lease Type:
Direct
Taxes:
Floor:
1st Floor
$2.30/SF (2014)
LEASE TERM
Start Date:
Mar 2015
Expiration Date:
Feb 2020
Lease Term:
5 Years
TIME ON MARKET
TIME VACANT
Date On Market:
Oct 2014
Feb 2015
Months on Market:
4 Mos
Date Occupied:
Mar 2015
MARKET AT LEASE
Vacancy Rate
Current Building
2015 Q1
0.0%
YOY
PROPERTY
0.0%
Property Type:
Retail
Rentable Area:
4,200 SF
Built 1999
Stories:
5.7%
0.7%
Status:
Metro Overall
8.3%
0.4%
Tenancy:
Multi
Floor Size:
1,400 SF
Class:
Vacancy at Lease:
0.0%
Construction:
Masonry
Land Acres:
0.04
Parking:
2015 Q1
YOY
$19.88
6.3%
Metro Overall
$15.71
1.7%
2015 Q1
YOY
12 Mo. Leased SF
1,151,823
13.2%
Months On Market
18.8
4.1
11/7/2016
Copyrighted report licensed to Jameson Commercial Real Estate - 79023.
Page 8
Industry:
Retailers/Wholesalers
LEASE
RENTS
SF Leased:
1,763 SF
Sign Date:
Jun 2015
Asking Rent:
$32.00/NNN
Space Use:
Retail
PROPERTY EXPENSES
Lease Type:
Direct
Taxes:
Floor:
1st Floor
$7.56/SF (2014)
LEASE TERM
Start Date:
Jul 2015
TIME ON MARKET
TIME VACANT
Date On Market:
Feb 2015
Date Vacated:
Feb 2015
Apr 2016
Date Occupied:
Jul 2015
Months on Market:
14 Mos
Months Vacant:
5 Months
Property Type:
Retail
Rentable Area:
7,227 SF
Status:
Built 1998
Stories:
24.4%
Tenancy:
Multi
Floor Size:
7,227 SF
Vacancy at Lease:
24.4%
Land Acres:
0.23
PROPERTY
MARKET AT LEASE
Vacancy Rate
Current Building
2015 Q2
24.4%
YOY
5.6%
0.0%
Class:
Metro Overall
8.2%
0.4%
Construction:
Masonry
Parking:
10 Surface Spaces ar
2015 Q2
YOY
Current Building
$32.00
$20.04
7.8%
Metro Overall
$15.79
1.6%
2015 Q2
YOY
12 Mo. Leased SF
1,252,059
14.3%
Months On Market
18.7
2.8
11/7/2016
Copyrighted report licensed to Jameson Commercial Real Estate - 79023.
Page 9
Industry:
Retailers/Wholesalers
LEASE
RENTS
SF Leased:
1,250 SF
Sign Date:
May 2014
Asking Rent:
$37.00/NNN
Space Use:
Retail
PROPERTY EXPENSES
Lease Type:
Direct
Taxes:
Floor:
1st Floor
Suite:
West
$0.20/SF (2014)
LEASE TERM
Start Date:
Jun 2014
Expiration Date:
May 2024
Lease Term:
10 Years
TIME ON MARKET
MARKET AT LEASE
Vacancy Rate
2014 Q2
TIME VACANT
Date On Market:
Jan 2013
Date Vacated:
Aug 2012
Jun 2014
Date Occupied:
Jun 2014
Months on Market:
17 Mos
Months Vacant:
22 Months
YOY
Current Building
0.0%
19.7%
PROPERTY
6.1%
0.1%
Property Type:
Retail
Rentable Area:
12,412 SF
Metro Overall
8.6%
0.4%
Status:
Built 2006
Stories:
Tenancy:
Multi
Floor Size:
3,103 SF
2014 Q2
YOY
Class:
Vacancy at Lease:
0.0%
Current Building
$37.00
Construction:
Masonry
Land Acres:
0.14
$17.39
3.3%
Parking:
3 Covered Spaces ar
Metro Overall
$15.54
1.8%
2014 Q2
YOY
12 Mo. Leased SF
1,461,677
33.8%
Months On Market
15.9
2.0
11/7/2016
Copyrighted report licensed to Jameson Commercial Real Estate - 79023.
Page 10
RENTS
SF Leased:
1,551 SF
Sign Date:
Aug 2015
Asking Rent:
$30.00/NNN
Space Use:
Retail
Lease Type:
Direct
Buildout Status:
Floor:
1st Floor
Partial Build-Out
PROPERTY EXPENSES
LEASE TERM
Start Date:
Sep 2015
TIME ON MARKET
Taxes:
$1.89/SF (2014)
Operating Exp.:
$0.50/SF (2011)
TIME VACANT
Date On Market:
Oct 2014
Aug 2015
Months on Market:
10 Mos
Date Occupied:
Sep 2015
PROPERTY
MARKET AT LEASE
Vacancy Rate
2015 Q3
Current Building
0.0%
0.0%
6.2%
0.3%
Metro Overall
8.1%
0.3%
2015 Q3
$30.00
$18.62
6.3%
Metro Overall
$15.75
1.0%
2015 Q3
Rentable Area:
15,000 SF
Status:
Stories:
Tenancy:
Multi
Floor Size:
3,750 SF
Class:
Ceiling Height:
12'
Construction:
Masonry
Vacancy at Lease:
0.0%
Land Acres:
0.30
YOY
Current Building
Retail
YOY
Property Type:
YOY
12 Mo. Leased SF
1,522,826
16.5%
Months On Market
15.6
1.4
11/7/2016
Copyrighted report licensed to Jameson Commercial Real Estate - 79023.
Page 11
Industry:
Personal Services
LEASE
RENTS
SF Leased:
7,806 SF
Starting Rent:
$32.50/NNN
Sign Date:
Oct 2014
Effective Rent:
$32.50/NNN
Space Use:
Retail
Lease Type:
Direct
PROPERTY EXPENSES
Floor:
1st Floor
Taxes:
$3,475.34/Unit (2014)
Suite:
LEASE TERM
Start Date:
Dec 2014
Expiration Date:
Nov 2019
Lease Term:
5 Years
OPTIONS
(2) 5 Year Renewal Options; Two (2), Five (5)
Year Terms; 120 day prior written notice
MARKET AT LEASE
TIME VACANT
Vacancy Rate
2014 Q4
YOY
Current Building
Metro Overall
Date Occupied:
Dec 2014
PROPERTY
Property Type:
Multi-Family
Rentable Area:
31,350 SF
2014 Q4
YOY
Status:
Built 2000
Stories:
Current Building
Tenancy:
Floor Size:
10,450 SF
Class:
Land Acres:
0.37
Metro Overall
Construction:
Masonry
Parking:
2014 Q4
YOY
12 Mo. Leased SF
Months On Market
9.7
4.6
11/7/2016
Copyrighted report licensed to Jameson Commercial Real Estate - 79023.
Page 12
RENTS
SF Leased:
2,266 SF
Sign Date:
Jul 2016
Asking Rent:
$48.00/NNN
Space Use:
Retail
PROPERTY EXPENSES
Floor:
Unkwn Floor
Taxes:
$1.20/SF (2014)
LEASE TERM
Start Date:
Aug 2016
Expiration Date:
Aug 2026
Lease Term:
10 Years
TIME VACANT
Date Occupied:
Jul 2016
PROPERTY
Property Type:
Retail
Rentable Area:
4,800 SF
Status:
Built 1884
Stories:
Tenancy:
Multi
Floor Size:
2,400 SF
Class:
Vacancy at Lease:
47.2%
Construction:
Masonry
Land Acres:
0.06
MARKET AT LEASE
Vacancy Rate
2016 Q3
YOY
Current Building
47.2%
47.2%
5.1%
1.2%
Metro Overall
7.4%
0.7%
2016 Q3
YOY
Current Building
$48.00
$17.78
1.2%
Metro Overall
$15.70
0.3%
2016 Q3
YOY
12 Mo. Leased SF
1,581,571
3.9%
Months On Market
12.9
2.7
11/7/2016
Copyrighted report licensed to Jameson Commercial Real Estate - 79023.
Page 13
RENTS
SF Leased:
2,266 SF
Sign Date:
Jul 2016
Asking Rent:
$48.00/NNN
Space Use:
Retail
PROPERTY EXPENSES
Lease Type:
Direct
Taxes:
Floor:
1st Floor
$1.20/SF (2014)
LEASE TERM
Start Date:
Aug 2016
TIME ON MARKET
TIME VACANT
Date On Market:
May 2015
Date Vacated:
Mar 2016
Jul 2016
Date Occupied:
Aug 2016
Months on Market:
14 Mos
Months Vacant:
5 Months
Property Type:
Retail
Rentable Area:
4,800 SF
Status:
Built 1884
Stories:
Tenancy:
Multi
Floor Size:
2,400 SF
Class:
Vacancy at Lease:
47.2%
Construction:
Masonry
Land Acres:
0.06
PROPERTY
MARKET AT LEASE
Vacancy Rate
2016 Q3
YOY
Current Building
47.2%
47.2%
5.1%
1.2%
Metro Overall
7.4%
0.7%
2016 Q3
YOY
Current Building
$48.00
$17.78
1.2%
Metro Overall
$15.70
0.3%
2016 Q3
YOY
12 Mo. Leased SF
1,581,571
3.9%
Months On Market
12.9
2.7
11/7/2016
Copyrighted report licensed to Jameson Commercial Real Estate - 79023.
Page 14
RENTS
SF Leased:
4,696 SF
Sign Date:
Jan 2015
Asking Rent:
$34.00/NNN
Space Use:
Office/Retail
PROPERTY EXPENSES
Lease Type:
Direct
Taxes:
Floor:
1, 2 Floor
$1.20/SF (2014)
LEASE TERM
Start Date:
Mar 2015
Expiration Date:
Feb 2016
Lease Term:
1 Year
TIME ON MARKET
TIME VACANT
Date On Market:
Sep 2014
Date Vacated:
Mar 2015
Apr 2015
Date Occupied:
Mar 2015
Months on Market:
7 Mos
Months Vacant:
1 Day
Property Type:
Retail
Rentable Area:
4,800 SF
Status:
Built 1884
Stories:
Tenancy:
Multi
Floor Size:
2,400 SF
Class:
Vacancy at Lease:
95.0%
Construction:
Masonry
Land Acres:
0.06
PROPERTY
MARKET AT LEASE
Vacancy Rate
2015 Q1
YOY
Current Building
95.0%
95.0%
6.3%
0.4%
Metro Overall
8.3%
0.4%
2015 Q1
YOY
Current Building
$34.00
$17.53
5.6%
Metro Overall
$15.71
1.7%
2015 Q1
YOY
12 Mo. Leased SF
1,151,823
13.2%
Months On Market
18.8
4.1
11/7/2016
Copyrighted report licensed to Jameson Commercial Real Estate - 79023.
Page 15
RENTS
SF Leased:
1,150 SF
Sign Date:
Aug 2015
Asking Rent:
$47.00/NNN
Space Use:
Retail
Lease Type:
Direct
Buildout Status:
Floor:
1st Floor
Suite:
1537
Full Build-Out
PROPERTY EXPENSES
Taxes:
$2,535.71/Unit (2014)
LEASE TERM
Start Date:
Sep 2015
Expiration Date:
Sep 2020
Lease Term:
5 Years
TIME ON MARKET
TIME VACANT
Date On Market:
May 2015
Aug 2015
Months on Market:
3 Mos
Date Occupied:
Sep 2015
PROPERTY
MARKET AT LEASE
Vacancy Rate
2015 Q3
YOY
Current Building
Metro Overall
2015 Q3
YOY
$47.00
Metro Overall
2015 Q3
YOY
12 Mo. Leased SF
Months On Market
14.0
Property Type:
Multi-Family
Rentable Area:
19,208 SF
Status:
Built 2005
Stories:
Tenancy:
Floor Size:
1,523 SF
Class:
Land Acres:
0.07
Construction:
Masonry
6.8
11/7/2016
Copyrighted report licensed to Jameson Commercial Real Estate - 79023.
Page 16
RENTS
SF Leased:
10,000 SF
Sign Date:
Mar 2016
Asking Rent:
$28.00-$55.00/NNN
Space Use:
Retail
PROPERTY EXPENSES
Lease Type:
Direct
Taxes:
Floor:
$3.02/SF (2014)
LEASE TERM
Start Date:
Oct 2016
TIME ON MARKET
TIME VACANT
Date On Market:
Jun 2016
Date Vacated:
Oct 2016
Jun 2016
Date Occupied:
Oct 2016
Months on Market:
0 Mos
Months Vacant:
1 Day
Property Type:
Retail
Rentable Area:
10,000 SF
Status:
Built 1930
Stories:
Tenancy:
Single
Floor Size:
10,000 SF
Class:
Vacancy at Lease:
0.0%
Construction:
Masonry
Parking:
PROPERTY
MARKET AT LEASE
Vacancy Rate
2016 Q1
YOY
Current Building
0.0%
0.0%
5.6%
0.5%
Metro Overall
7.6%
0.7%
2016 Q1
YOY
Current Building
$41.50
$18.39
0.9%
Metro Overall
$15.69
0.1%
2016 Q1
YOY
12 Mo. Leased SF
1,914,282
66.2%
Months On Market
12.2
6.6
11/7/2016
Copyrighted report licensed to Jameson Commercial Real Estate - 79023.
Page 17
RENTS
SF Leased:
3,393 SF
Sign Date:
Jan 2014
Asking Rent:
$55.00/NNN
Space Use:
Retail
PROPERTY EXPENSES
Lease Type:
Direct
Taxes:
Floor:
1st Floor
$2.10/SF (2014)
LEASE TERM
Start Date:
Jan 2015
TIME ON MARKET
TIME VACANT
Date On Market:
Apr 2013
Date Vacated:
Jun 2015
Jun 2016
Date Occupied:
Jan 2015
Months on Market:
38 Mos
PROPERTY
MARKET AT LEASE
Vacancy Rate
2014 Q1
YOY
Current Building
0.0%
0.0%
12.0%
0.3%
Metro Overall
14.3%
0.2%
2014 Q1
Property Type:
Office
Rentable Area:
14,418 SF
Status:
Built 1930
Stories:
Tenancy:
Multi
Floor Size:
4,806 SF
Class:
Vacancy at Lease:
0.0%
Construction:
Masonry
Land Acres:
0.14
Parking:
YOY
Current Building
$55.00
0.0%
$18.50
10.9%
Metro Overall
$23.07
1.6%
2014 Q1
YOY
12 Mo. Leased SF
690,233
65.8%
Months On Market
17.8
0.6
11/7/2016
Copyrighted report licensed to Jameson Commercial Real Estate - 79023.
Page 18
City Soles
Industry:
Retailers/Wholesalers
LEASE
RENTS
SF Leased:
3,009 SF
Sign Date:
Nov 2014
Asking Rent:
$55.00/NNN
Space Use:
Retail
PROPERTY EXPENSES
Lease Type:
Direct
Taxes:
Floor:
1st Floor
$2.65/SF (2014)
LEASE TERM
Start Date:
Dec 2014
Expiration Date:
Dec 2015
Lease Term:
1 Year
TIME ON MARKET
TIME VACANT
Date On Market:
Jan 2014
Date Vacated:
Jan 2014
Nov 2014
Date Occupied:
Dec 2014
Months on Market:
10 Mos
Months Vacant:
11 Months
MARKET AT LEASE
Vacancy Rate
Current Building
2014 Q4
0.0%
YOY
PROPERTY
0.0%
Property Type:
Retail
Rentable Area:
8,400 SF
Built 1906
Stories:
6.1%
1.0%
Status:
Metro Overall
8.2%
0.7%
Tenancy:
Multi
Floor Size:
2,993 SF
Class:
Vacancy at Lease:
0.0%
Construction:
Masonry
Land Acres:
0.07
2014 Q4
YOY
Current Building
$55.00
$17.25
3.4%
Metro Overall
$15.64
1.3%
2014 Q4
YOY
12 Mo. Leased SF
1,293,562
13.4%
Months On Market
17.5
4.4
11/7/2016
Copyrighted report licensed to Jameson Commercial Real Estate - 79023.
Page 19
Industry:
Retailers/Wholesalers
LEASE
RENTS
SF Leased:
5,112 SF
Sign Date:
Mar 2014
Space Use:
Retail
Lease Type:
Direct
Floor:
1st Floor
Asking Rent:
$47.00-$53.00/NNN
LEASE TERM
Start Date:
Feb 2015
TIME ON MARKET
TIME VACANT
Date On Market:
Nov 2012
Date Vacated:
Feb 2015
Oct 2014
Date Occupied:
Feb 2015
Months on Market:
23 Mos
Months Vacant:
1 Day
Property Type:
Retail
Rentable Area:
6,500 SF
Status:
Stories:
PROPERTY
MARKET AT LEASE
Vacancy Rate
Current Building
2014 Q1
YOY
Tenancy:
Single
Floor Size:
6,500 SF
Land Acres:
0.07
Masonry
6.5%
0.5%
Class:
Metro Overall
8.7%
0.5%
Construction:
2014 Q1
YOY
Current Building
$50.00
$17.23
4.5%
Metro Overall
$15.44
0.2%
2014 Q1
YOY
12 Mo. Leased SF
1,326,843
19.0%
Months On Market
14.7
1.2
11/7/2016
Copyrighted report licensed to Jameson Commercial Real Estate - 79023.
Page 20
Kizuki
Industry:
Agri/Mining/Utilities
LEASE
RENTS
SF Leased:
3,267 SF
Starting Rent:
$60.00/NNN
Sign Date:
Sep 2015
Effective Rent:
$58.04/NNN
Space Use:
Retail
Escalations:
2.5% Annual
Lease Type:
Direct
Floor:
1st Floor
Suite:
1482
3 Months
Buildout:
Buildout Status:
Partial Build-Out
LEASE TERM
MARKET AT LEASE
Vacancy Rate
2015 Q3
YOY
Current Building
35.0%
35.0%
6.4%
0.2%
Metro Overall
8.1%
0.3%
Start Date:
Mar 2016
Expiration Date:
Feb 2026
PROPERTY EXPENSES
Lease Term:
10 Years
Taxes:
$4.00/SF (2012-Est)
Operating Exp.:
$1.00/SF (2012-Est)
OPTIONS
(2) 5 Year Renewal Options; 2 five year options
Total Exp.:
$5.00/SF (2012-Est)
TIME ON MARKET
TIME VACANT
Date On Market:
Jun 2015
Date Vacated:
May 2015
Oct 2015
Date Occupied:
Mar 2016
Months on Market:
4 Mos
Months Vacant:
10 Months
PROPERTY
NNN Asking Rent Per SF
Current Building
2015 Q3
YOY
Property Type:
Retail
Rentable Area:
9,339 SF
Status:
Stories:
Tenancy:
Multi
Floor Size:
9,339 SF
Class:
Ceiling Height:
17'
Construction:
Masonry
Vacancy at Lease:
35.0%
Parking:
Surface Spaces @ $0
Land Acres:
0.21
$18.00
6.5%
Metro Overall
$15.75
1.0%
2015 Q3
YOY
12 Mo. Leased SF
1,522,826
16.5%
Months On Market
15.6
1.4
11/7/2016
Copyrighted report licensed to Jameson Commercial Real Estate - 79023.
Page 21
Umami Burger
Industry:
Retailers/Wholesalers
NAICS:
LEASE
RENTS
SF Leased:
2,989 SF
Sign Date:
Mar 2014
Space Use:
Retail
Lease Type:
Direct
Buildout Status:
Floor:
1st Floor
Suite:
1480
LEASE TERM
Start Date:
Sep 2014
Expiration Date:
Sep 2019
TIME ON MARKET
MARKET AT LEASE
Vacancy Rate
2014 Q1
Asking Rent:
$48.00/NNN
Shell Space
PROPERTY EXPENSES
Taxes:
$4.00/SF (2012-Est)
Operating Exp.:
$1.00/SF (2012-Est)
Total Exp.:
$5.00/SF (2012-Est)
TIME VACANT
Date On Market:
Feb 2010
Date Vacated:
Jan 2012
Mar 2014
Date Occupied:
Sep 2014
Months on Market:
49 Mos
Months Vacant:
32 Months
YOY
Current Building
32.0%
0.0%
PROPERTY
6.7%
0.6%
Property Type:
Retail
Rentable Area:
9,339 SF
Metro Overall
8.7%
0.5%
Status:
Stories:
Tenancy:
Multi
Floor Size:
9,339 SF
2014 Q1
YOY
Class:
Ceiling Height:
17'
Current Building
$48.00
Construction:
Masonry
Vacancy at Lease:
32.0%
$16.60
4.8%
Parking:
Surface Spaces @ $0
Land Acres:
0.21
Metro Overall
$15.44
0.2%
2014 Q1
YOY
12 Mo. Leased SF
1,326,843
19.0%
Months On Market
14.7
1.2
11/7/2016
Copyrighted report licensed to Jameson Commercial Real Estate - 79023.
Page 22
Volumes LLC
Industry:
Retailers/Wholesalers
LEASE
RENTS
SF Leased:
3,000 SF
Asking Rent:
$35.00/MG
Sign Date:
Mar 2015
Starting Rent:
$34.00/MG
Space Use:
Retail
Effective Rent:
$34.00/MG
Lease Type:
Direct
Floor:
1st Floor
2.86%
LEASE TERM
Start Date:
Mar 2015
PROPERTY EXPENSES
Expiration Date:
Mar 2020
Taxes:
Lease Term:
5 Years
TIME ON MARKET
$3.12/SF (2014)
TIME VACANT
Date On Market:
Mar 2014
Date Vacated:
Mar 2014
Apr 2015
Date Occupied:
Mar 2015
Months on Market:
13 Mos
Months Vacant:
12 Months
MARKET AT LEASE
Vacancy Rate
Current Building
2015 Q1
57.0%
YOY
PROPERTY
0.0%
Property Type:
Retail
Rentable Area:
5,264 SF
Built 1890
Stories:
6.3%
0.4%
Status:
Metro Overall
8.3%
0.4%
Tenancy:
Multi
Vacancy at Lease:
57.0%
Class:
Land Acres:
0.07
Construction:
Masonry
2015 Q1
YOY
$17.53
5.6%
Metro Overall
$15.71
1.7%
2015 Q1
YOY
12 Mo. Leased SF
1,151,823
13.2%
Months On Market
18.8
4.1
11/7/2016
Copyrighted report licensed to Jameson Commercial Real Estate - 79023.
Page 23
Rents
$43.37
$39.42
$38.90
2.0
11/7/2016
Copyrighted report licensed to Jameson Commercial Real Estate - 79023.
Page 24
Lease Comparables
1
1,156 SF Office/Retail Lease Signed Sep 2016 for $28.03 Triple Net (Effective)
2052 W North Ave - 1st Floor Direct, Leased by Fiberfly Art Studio
Chicago, IL 60647 - Northwest City Submarket
Asking Rent:
Starting Rent:
Effective Rent:
Amenities:
$30.00/NNN
$28.00/NNN
$28.03/NNN
Start Date:
Term:
Exp. Date:
Dec 2016
3 Years
Dec 2019
Free Rent:
Escalations:
TI Allowance:
1 Mo at Start
Steps
Deal Type:
On Market:
Build-Out:
New Lease
7 Mos
Property Type:
Building Area:
Built/Renov:
Retail Class B
12,192 SF
Landlord:
Tenant SIC:
Lease Notes:
ID# 126019911
$20.72-$38.00
Start Date:
Term:
Exp. Date:
Jul 2014
Free Rent:
Escalations:
TI Allowance:
Position:
Deal Type:
On Market:
Build-Out:
Dock/Drive In:
New Lease
9 Mos
Property Type:
Building Area:
Built/Renov:
Parking Ratio:
Landlord:
Tenant SIC:
Retail Class B
4,913 SF
1920/2013
Lease Notes:
ID# 114180243
3,000 SF Retail Lease Signed Jun 2016 for $35.00 Triple Net (Asking)
2027 W North Ave - 1st Floor Direct, Leased by Tapster
Chicago, IL 60647 - Northwest City Submarket
Asking Rent:
Starting Rent:
Effective Rent:
$35.00/NNN
Start Date:
Term:
Exp. Date:
Jan 2017
Free Rent:
Escalations:
TI Allowance:
Position:
Deal Type:
On Market:
Build-Out:
Dock/Drive In:
New Lease
8 Mos
Property Type:
Building Area:
Built/Renov:
Parking Ratio:
Landlord:
Tenant SIC:
Retail Class C
11,141 SF
1912/
0.35/1,000 SF
Marc Realty
Lease Notes:
ID# 124690401
Page 25
Page 1
Lease Comparables
4
3,000 SF Retail Lease Signed Apr 2015 for $45.00 Triple Net (Asking)
2027 W North Ave - 1st Floor Direct, Leased by Apartment Finders
Chicago, IL 60647 - Northwest City Submarket
Asking Rent:
Starting Rent:
Effective Rent:
$45.00/NNN
Start Date:
Term:
Exp. Date:
May 2015
Free Rent:
Escalations:
TI Allowance:
Position:
Deal Type:
On Market:
Build-Out:
Dock/Drive In:
New Lease
28 Mos
Property Type:
Building Area:
Built/Renov:
Parking Ratio:
Landlord:
Tenant SIC:
Retail Class C
11,141 SF
1912/
0.35/1,000 SF
Marc Realty
Lease Notes:
ID# 117206921
1,775 SF Retail Lease Signed May 2014 for $47.91 Modified Gross (Effective)
1904 W North Ave - Partial 1st Floor Direct, Leased by Lokal
Chicago, IL 60622 - Northwest City Submarket
Asking Rent:
Starting Rent:
Effective Rent:
$47.91/MG
$47.91/MG
Start Date:
Term:
Exp. Date:
May 2014
5 Years
May 2019
Free Rent:
Escalations:
TI Allowance:
Position:
Deal Type:
On Market:
Build-Out:
Dock/Drive In:
Renewal
Property Type:
Building Area:
Built/Renov:
Parking Ratio:
Landlord:
Tenant SIC:
Retail Class C
2,223 SF
1878/
Lease Notes:
ID# 119890791
1,400 SF Retail Lease Signed Jan 2015 for $23.00 Modified Gross (Asking)
1902 W North Ave - 1st Floor Direct, Leased by Maxx Muscle
Chicago, IL 60622 - Northwest City Submarket
Asking Rent:
Starting Rent:
Effective Rent:
$23.00/MG
Start Date:
Term:
Exp. Date:
Mar 2015
5 Years
Feb 2020
Free Rent:
Escalations:
TI Allowance:
Position:
Deal Type:
On Market:
Build-Out:
Dock/Drive In:
New Lease
4 Mos
Property Type:
Building Area:
Built/Renov:
Parking Ratio:
Landlord:
Tenant SIC:
Retail Class B
4,200 SF
1999/
0.71/1,000 SF
Millennitech, Inc.
Lease Notes:
ID# 116554991
Page 26
Page 2
Lease Comparables
7
1,763 SF Retail Lease Signed Jun 2015 for $32.00 Triple Net (Asking)
1849-1859 W North Ave - 1st Floor Direct, Leased by Jax and Debb
Chicago, IL 60622 - Northwest City Submarket
Asking Rent:
Starting Rent:
Effective Rent:
$32.00/NNN
Start Date:
Term:
Exp. Date:
Jul 2015
Free Rent:
Escalations:
TI Allowance:
Position:
Deal Type:
On Market:
Build-Out:
Dock/Drive In:
New Lease
14 Mos
Property Type:
Building Area:
Built/Renov:
Parking Ratio:
Retail Class B
7,227 SF
1998/
1.38/1,000 SF
Landlord:
Tenant SIC:
Lease Notes:
ID# 123207661
1,250 SF Retail Lease Signed May 2014 for $37.00 Triple Net (Asking)
1843 W North Ave - Partial 1st Floor Direct, Leased by Bee & Tea
Chicago, IL 60622 - Northwest City Submarket
Asking Rent:
Starting Rent:
Effective Rent:
$37.00/NNN
Start Date:
Term:
Exp. Date:
Jun 2014
10 Years
May 2024
Free Rent:
Escalations:
TI Allowance:
Position:
Deal Type:
On Market:
Build-Out:
Dock/Drive In:
New Lease
17 Mos
Property Type:
Building Area:
Built/Renov:
Parking Ratio:
Landlord:
Tenant SIC:
Retail Class B
12,412 SF
2006/
0.24/1,000 SF
Lease Notes:
ID# 114431490
1,551 SF Retail Lease Signed Aug 2015 for $30.00 Triple Net (Asking)
1755 W North Ave - 1st Floor Direct
Chicago, IL 60622 - Northwest City Submarket
Asking Rent:
Starting Rent:
Effective Rent:
$30.00/NNN
Start Date:
Term:
Exp. Date:
Sep 2015
Free Rent:
Escalations:
TI Allowance:
Position:
Deal Type:
On Market:
Build-Out:
Dock/Drive In:
New Lease
10 Mos
Partial Build
Property Type:
Building Area:
Built/Renov:
Parking Ratio:
Retail Class C
15,000 SF
Oct 2004/
Landlord:
Tenant SIC:
Lease Notes:
ID# 119458401
Page 27
Page 3
Lease Comparables
10
7,806 SF Retail Lease Signed Oct 2014 for $32.50 Triple Net (Effective)
1669-1681 N Milwaukee Ave - Partial 1st Floor Direct, Leased by Childrens Learning Place
Chicago, IL 60647 - Bucktown MF Submarket
Asking Rent:
Starting Rent:
Effective Rent:
$32.50/NNN
$32.50/NNN
Start Date:
Term:
Exp. Date:
Dec 2014
5 Years
Nov 2019
Free Rent:
Escalations:
TI Allowance:
Position:
Deal Type:
On Market:
Build-Out:
Dock/Drive In:
Renewal
Property Type:
Building Area:
Built/Renov:
Parking Ratio:
Landlord:
Tenant SIC:
Multi-Family Class B
31,350 SF
2000/
0.86/1,000 SF
Sedgwick Investments
Social Svcs, Child Care
Lease Notes:
ID# 115982651
11
2,266 SF Retail Lease Signed Jul 2016 for $48.00 Triple Net (Asking)
1625 N Milwaukee Ave - Partial Unknown Floor
Chicago, IL 60647 - Northwest City Submarket
Asking Rent:
Starting Rent:
Effective Rent:
$48.00/NNN
Start Date:
Term:
Exp. Date:
Aug 2016
10 Years
Aug 2026
Free Rent:
Escalations:
TI Allowance:
Position:
Deal Type:
On Market:
Build-Out:
Dock/Drive In:
Property Type:
Building Area:
Built/Renov:
Parking Ratio:
Landlord:
Tenant SIC:
Retail Class C
4,800 SF
1884/
Steve Lipe
Lease Notes:
ID# 124871761
12
2,266 SF Retail Lease Signed Jul 2016 for $48.00 Triple Net (Asking)
1625 N Milwaukee Ave - 1st Floor Direct
Chicago, IL 60647 - Northwest City Submarket
Asking Rent:
Starting Rent:
Effective Rent:
$48.00/NNN
Start Date:
Term:
Exp. Date:
Aug 2016
Free Rent:
Escalations:
TI Allowance:
Position:
Deal Type:
On Market:
Build-Out:
Dock/Drive In:
New Lease
14 Mos
Property Type:
Building Area:
Built/Renov:
Parking Ratio:
Landlord:
Tenant SIC:
Retail Class C
4,800 SF
1884/
Steve Lipe
Lease Notes:
ID# 124868941
Page 28
Page 4
Lease Comparables
13
4,696 SF Office/Retail Lease Signed Jan 2015 for $34.00 Triple Net (Asking)
1625 N Milwaukee Ave - Direct
Chicago, IL 60647 - Northwest City Submarket
Asking Rent:
Starting Rent:
Effective Rent:
Amenities:
$34.00/NNN
Start Date:
Term:
Exp. Date:
Mar 2015
1 Year
Feb 2016
Free Rent:
Escalations:
TI Allowance:
Deal Type:
On Market:
Build-Out:
New Lease
7 Mos
Property Type:
Building Area:
Built/Renov:
Landlord:
Tenant SIC:
Retail Class C
4,800 SF
1884/
Steve Lipe
Lease Notes:
ID# 117174751
14
1,150 SF Retail Lease Signed Aug 2015 for $47.00 Triple Net (Asking)
1533-1537 N Milwaukee Ave - 1st Floor Direct
Chicago, IL 60622 - Wicker Park MF Submarket
Asking Rent:
Starting Rent:
Effective Rent:
$47.00/NNN
Start Date:
Term:
Exp. Date:
Sep 2015
5 Years
Sep 2020
Free Rent:
Escalations:
TI Allowance:
Position:
Deal Type:
On Market:
Build-Out:
Dock/Drive In:
New Lease
3 Mos
Full Build-Out
Property Type:
Building Area:
Built/Renov:
Parking Ratio:
Landlord:
Tenant SIC:
Multi-Family Class B
19,208 SF
2005/
Humberto Vergara
Lease Notes:
ID# 119230081
15
10,000 SF Retail Lease Signed Mar 2016 for $55.00 Triple Net (Asking)
1530-1532 N Milwaukee Ave - Direct
Chicago, IL 60622 - Northwest City Submarket
Asking Rent:
Starting Rent:
Effective Rent:
$28.00-$55.00
Start Date:
Term:
Exp. Date:
Oct 2016
Free Rent:
Escalations:
TI Allowance:
Position:
Deal Type:
On Market:
Build-Out:
Dock/Drive In:
New Lease
0 Mos
Property Type:
Building Area:
Built/Renov:
Parking Ratio:
Landlord:
Tenant SIC:
Retail Class A
10,000 SF
1930/Nov 2016
0.27/1,000 SF
Lease Notes:
ID# 124379071
Page 29
Page 5
Lease Comparables
16
3,393 SF Retail Lease Signed Jan 2014 for $55.00 Triple Net (Asking)
1530-1532 N Milwaukee Ave - 1st Floor Direct
Chicago, IL 60622 - Northwest City Submarket
Asking Rent:
Starting Rent:
Effective Rent:
$55.00/NNN
Start Date:
Term:
Exp. Date:
Jan 2015
Free Rent:
Escalations:
TI Allowance:
Position:
Deal Type:
On Market:
Build-Out:
Dock/Drive In:
New Lease
38 Mos
Property Type:
Building Area:
Built/Renov:
Parking Ratio:
Landlord:
Tenant SIC:
Office Class B
14,418 SF
1930/
0.24/1,000 SF
Jenel Management
Lease Notes:
ID# 124379141
17
3,009 SF Retail Lease Signed Nov 2014 for $55.00 Triple Net (Asking)
1514 N Milwaukee Ave - 1st Floor Direct, Leased by City Soles
Chicago, IL 60622 - Northwest City Submarket
Asking Rent:
Starting Rent:
Effective Rent:
$55.00/NNN
Start Date:
Term:
Exp. Date:
Dec 2014
1 Year
Dec 2015
Free Rent:
Escalations:
TI Allowance:
Position:
Deal Type:
On Market:
Build-Out:
Dock/Drive In:
New Lease
10 Mos
Property Type:
Building Area:
Built/Renov:
Parking Ratio:
Landlord:
Tenant SIC:
Retail Class C
8,400 SF
1906/
Newcastle Limited
Lease Notes:
ID# 115350711
18
5,112 SF Retail Lease Signed Mar 2014 for $53.00 Triple Net (Asking)
1505 N Milwaukee Ave - 1st Floor Direct, Leased by Jeni's Splendid Ice Creams
Chicago, IL 60622 - Northwest City Submarket
Asking Rent:
Starting Rent:
Effective Rent:
$47.00-$53.00
Start Date:
Term:
Exp. Date:
Feb 2015
Free Rent:
Escalations:
TI Allowance:
Position:
Deal Type:
On Market:
Build-Out:
Dock/Drive In:
New Lease
23 Mos
Property Type:
Building Area:
Built/Renov:
Parking Ratio:
Landlord:
Tenant SIC:
Retail Class B
6,500 SF
Jan 2015/
Lease Notes:
ID# 115031701
Page 30
Page 6
Lease Comparables
19
3,267 SF Retail Lease Signed Sep 2015 for $58.04 Triple Net (Effective)
1480-1484 N Milwaukee Ave - 1st Floor Direct, Leased by Kizuki
Chicago, IL 60622 - Northwest City Submarket
Asking Rent:
Starting Rent:
Effective Rent:
$60.00/NNN
$58.04/NNN
Start Date:
Term:
Exp. Date:
Mar 2016
10 Years
Feb 2026
Free Rent:
Escalations:
TI Allowance:
Position:
3 Mos at Start
Steps
$0.00/SF
Deal Type:
On Market:
Build-Out:
Dock/Drive In:
New Lease
4 Mos
Partial Build
Property Type:
Building Area:
Built/Renov:
Parking Ratio:
Landlord:
Tenant SIC:
Retail Class B
9,339 SF
Dec 2011/
1.07/1,000 SF
Jenel Management
Nonclassifiable Estab
Lease Notes:
ID# 120222291
20
2,989 SF Retail Lease Signed Mar 2014 for $48.00 Triple Net (Asking)
1480-1484 N Milwaukee Ave - Partial 1st Floor Direct, Leased by Umami Burger
Chicago, IL 60622 - Northwest City Submarket
Asking Rent:
Starting Rent:
Effective Rent:
$48.00/NNN
Start Date:
Term:
Exp. Date:
Sep 2014
Sep 2019
Free Rent:
Escalations:
TI Allowance:
Position:
Deal Type:
On Market:
Build-Out:
Dock/Drive In:
New Lease
49 Mos
Shell Space
Property Type:
Building Area:
Built/Renov:
Parking Ratio:
Landlord:
Tenant SIC:
Retail Class B
9,339 SF
Dec 2011/
1.07/1,000 SF
Jenel Management
Eating Places
Lease Notes:
ID# 114203406
21
3,000 SF Retail Lease Signed Mar 2015 for $34.00 Modified Gross (Effective)
1474 N Milwaukee Ave - 1st Floor Direct, Leased by Volumes LLC
Chicago, IL 60622 - Northwest City Submarket
Asking Rent:
Starting Rent:
Effective Rent:
$35.00/MG
$34.00/MG
$34.00/MG
Start Date:
Term:
Exp. Date:
Mar 2015
5 Years
Mar 2020
Free Rent:
Escalations:
TI Allowance:
Position:
Deal Type:
On Market:
Build-Out:
Dock/Drive In:
New Lease
13 Mos
Property Type:
Building Area:
Built/Renov:
Parking Ratio:
Landlord:
Tenant SIC:
Retail Class C
5,264 SF
1890/2000
Mcloughlin Thomas J
Misc Retail Stores
Lease Notes:
ID# 117206991
Page 31
Page 7