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Lease Comps Summary

Lease Comps Report

Deals

NNN Asking Rent Per SF

NNN Starting Rent Per SF

Avg. Months On Market

21

$43.37

$39.42

12

LEASE COMPARABLES

SUMMARY STATISTICS
Rent

Deals

Low

Average

Median

High

NNN Asking Rent Per SF

15

$30.00

$43.37

$45.00

$55.00

NNN Starting Rent Per SF

$28.00

$39.42

$32.50

$60.00

NNN Effective Rent Per SF

$28.03

$38.90

$32.50

$58.04

Asking Rent Discount

6.7%

6.7%

6.7%

6.7%

TI Allowance

Months Free Rent

Deals

Low

Average

Median

High

Months on Market

17

12

49

Deal Size

21

1,150

3,152

2,989

10,000

Lease Deal in Years

12

1.0

5.4

5.0

10.0

Floor Number

20

LL

GRND

Lease Attributes

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Page 1

Lease Comps Summary

Lease Comps Report


Lease

Property Name - Address

2052 W North Ave

2045 W North Ave

2027 W North Ave

2027 W North Ave

1904 W North Ave

Rapid Transit Cycle Shop


1902 W North Ave

1849-1859 W North Ave

1843 W North Ave

1755 W North Ave

Edison Place
1669-1681 N Milwaukee Ave

10

1625 N Milwaukee Ave

10

1625 N Milwaukee Ave

10

1625 N Milwaukee Ave

11

1533-1537 N Milwaukee Ave

12

1530-1532 N Milwaukee Ave

13

1530-1532 N Milwaukee Ave

14

1514 N Milwaukee Ave

15

1505 N Milwaukee Ave

16

1480-1484 N Milwaukee Ave

16

1480-1484 N Milwaukee Ave

17

1474 N Milwaukee Ave

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

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Lease Comps Details


1

Lease Comps Report

2052 W North Ave


Chicago, IL 60647 - Northwest City Submarket
TENANT
Tenant Name:

Fiberfly Art Studio

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

CONCESSIONS AND BUILDOUT


Asking Discount:

6.67%

Mo. Free Rents:

1 Month

TIME VACANT

Date On Market:

Feb 2016

Date Vacated:

Feb 2016

Date Off Market:

Sep 2016

Date Occupied:

Dec 2016

Months on Market:

7 Mos

Months Vacant:

10 Months

YOY

Current Building

9.5%

5.4%

PROPERTY

Submarket 2-4 Star

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

Gross Asking Rent Per SF

2016 Q3

YOY

Class:

Vacancy at Lease:

9.5%

Current Building

$30.00

Construction:

Masonry

Land Acres:

0.19

Submarket 2-4 Star

$18.34

1.5%

Parking:

6 Surface Spaces are

Metro Overall

$15.70

0.3%

Submarket Leasing Activity

2016 Q3

YOY

12 Mo. Leased SF

1,581,571

3.9%

Months On Market

12.9

2.7

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Lease Comps Details


2

Lease Comps Report

2045 W North Ave


Chicago, IL 60647 - Northwest City Submarket
TENANT
Tenant Name:

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

Date Off Market:

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

Submarket 2-4 Star

6.8%

0.4%

Class:

Metro Overall

8.9%

0.6%

Construction:

NNN Asking Rent Per SF


Current Building

2013 Q4
-

YOY
-

Submarket 2-4 Star

$17.40

6.5%

Metro Overall

$15.44

1.1%

Submarket Leasing Activity

2013 Q4

YOY

12 Mo. Leased SF

1,140,367

7.5%

Months On Market

13.1

2.0

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Lease Comps Details


3

Lease Comps Report

2027 W North Ave


Chicago, IL 60647 - Northwest City Submarket
TENANT
Tenant Name:

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

Date Off Market:

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

Submarket 2-4 Star

5.5%

0.6%

Class:

Metro Overall

7.7%

0.5%

Construction:

Masonry

Parking:

4 Surface Spaces are

NNN Asking Rent Per SF


Current Building

2016 Q2
-

YOY
-

Submarket 2-4 Star

$18.21

0.8%

Metro Overall

$15.75

0.2%

Submarket Leasing Activity

2016 Q2

YOY

12 Mo. Leased SF

1,755,471

40.2%

Months On Market

12.4

6.2

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Lease Comps Details


3

Lease Comps Report

2027 W North Ave


Chicago, IL 60647 - Northwest City Submarket
TENANT
Tenant Name:

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

Date Off Market:

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

Submarket 2-4 Star

6.1%

0.0%

Class:

Metro Overall

8.2%

0.4%

Construction:

Masonry

Parking:

4 Surface Spaces are

NNN Asking Rent Per SF

2015 Q2

YOY

Current Building

$45.00

Submarket 2-4 Star

$18.36

5.6%

Metro Overall

$15.79

1.6%

Submarket Leasing Activity

2015 Q2

YOY

12 Mo. Leased SF

1,252,059

14.3%

Months On Market

18.7

2.8

11/7/2016
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Lease Comps Details


4

Lease Comps Report

1904 W North Ave


Chicago, IL 60622 - Northwest City Submarket
TENANT
Tenant Name:

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

Submarket 1-3 Star

6.3%

0.2%

Metro Overall

8.6%

0.4%

NNN Asking Rent Per SF


Current Building

2014 Q2
-

YOY
-

Submarket 1-3 Star

$16.81

3.2%

Metro Overall

$15.54

1.8%

Submarket Leasing Activity

2014 Q2

YOY

12 Mo. Leased SF

1,461,677

33.8%

Months On Market

15.9

2.0

11/7/2016
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Lease Comps Details


5

Lease Comps Report

1902 W North Ave - Rapid Transit Cycle Shop


Chicago, IL 60622 - Northwest City Submarket
TENANT
Tenant Name:

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

Date Off Market:

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:

Submarket 3-5 Star

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:

3 free Surface Space

NNN Asking Rent Per SF


Current Building

2015 Q1

YOY

Submarket 3-5 Star

$19.88

6.3%

Metro Overall

$15.71

1.7%

Submarket Leasing Activity

2015 Q1

YOY

12 Mo. Leased SF

1,151,823

13.2%

Months On Market

18.8

4.1

11/7/2016
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Lease Comps Details


6

Lease Comps Report

1849-1859 W North Ave


Chicago, IL 60622 - Northwest City Submarket
TENANT
Tenant Name:

Jax and Debb

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

Date Off Market:

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

Submarket 3-5 Star

5.6%

0.0%

Class:

Metro Overall

8.2%

0.4%

Construction:

Masonry

Parking:

10 Surface Spaces ar

NNN Asking Rent Per SF

2015 Q2

YOY

Current Building

$32.00

Submarket 3-5 Star

$20.04

7.8%

Metro Overall

$15.79

1.6%

Submarket Leasing Activity

2015 Q2

YOY

12 Mo. Leased SF

1,252,059

14.3%

Months On Market

18.7

2.8

11/7/2016
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Lease Comps Details


7

Lease Comps Report

1843 W North Ave


Chicago, IL 60622 - Northwest City Submarket
TENANT
Tenant Name:

Bee & Tea

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

Date Off Market:

Jun 2014

Date Occupied:

Jun 2014

Months on Market:

17 Mos

Months Vacant:

22 Months

YOY

Current Building

0.0%

19.7%

PROPERTY

Submarket 2-4 Star

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

NNN Asking Rent Per SF

2014 Q2

YOY

Class:

Vacancy at Lease:

0.0%

Current Building

$37.00

Construction:

Masonry

Land Acres:

0.14

Submarket 2-4 Star

$17.39

3.3%

Parking:

3 Covered Spaces ar

Metro Overall

$15.54

1.8%

Submarket Leasing Activity

2014 Q2

YOY

12 Mo. Leased SF

1,461,677

33.8%

Months On Market

15.9

2.0

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Lease Comps Details


8

Lease Comps Report

1755 W North Ave


Chicago, IL 60622 - Northwest City Submarket
LEASE

RENTS

SF Leased:

1,551 SF

Sign Date:

Aug 2015

Asking Rent:

$30.00/NNN

Space Use:

Retail

CONCESSIONS AND BUILDOUT

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

Date Off Market:

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

Submarket 2-4 Star

$18.62

6.3%

Metro Overall

$15.75

1.0%

2015 Q3

Rentable Area:

15,000 SF

Status:

Built Oct 2004

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

Submarket Leasing Activity

Retail

YOY

Submarket 2-4 Star

NNN Asking Rent Per SF

Property Type:

YOY

12 Mo. Leased SF

1,522,826

16.5%

Months On Market

15.6

1.4

11/7/2016
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Lease Comps Details


9

Lease Comps Report

1669-1681 N Milwaukee Ave - Edison Place


Chicago, IL 60647 - Bucktown Submarket Neighborhood
TENANT
Tenant Name:

Childrens Learning Place

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

Submarket 2-4 Star

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

Submarket 2-4 Star

Class:

Land Acres:

0.37

Metro Overall

Construction:

Masonry

Parking:

9 Surface Spaces are

NNN Asking Rent Per SF

Submarket Leasing Activity

2014 Q4

YOY

12 Mo. Leased SF

Months On Market

9.7

4.6

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Lease Comps Details


10

Lease Comps Report

1625 N Milwaukee Ave


Chicago, IL 60647 - Northwest City Submarket
LEASE

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%

Submarket 1-3 Star

5.1%

1.2%

Metro Overall

7.4%

0.7%

NNN Asking Rent Per SF

2016 Q3

YOY

Current Building

$48.00

Submarket 1-3 Star

$17.78

1.2%

Metro Overall

$15.70

0.3%

Submarket Leasing Activity

2016 Q3

YOY

12 Mo. Leased SF

1,581,571

3.9%

Months On Market

12.9

2.7

11/7/2016
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Lease Comps Details


10

Lease Comps Report

1625 N Milwaukee Ave


Chicago, IL 60647 - Northwest City Submarket
LEASE

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

Date Off Market:

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%

Submarket 1-3 Star

5.1%

1.2%

Metro Overall

7.4%

0.7%

NNN Asking Rent Per SF

2016 Q3

YOY

Current Building

$48.00

Submarket 1-3 Star

$17.78

1.2%

Metro Overall

$15.70

0.3%

Submarket Leasing Activity

2016 Q3

YOY

12 Mo. Leased SF

1,581,571

3.9%

Months On Market

12.9

2.7

11/7/2016
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Page 14

Lease Comps Details


10

Lease Comps Report

1625 N Milwaukee Ave


Chicago, IL 60647 - Northwest City Submarket
LEASE

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

Date Off Market:

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%

Submarket 1-3 Star

6.3%

0.4%

Metro Overall

8.3%

0.4%

Gross Asking Rent Per SF

2015 Q1

YOY

Current Building

$34.00

Submarket 1-3 Star

$17.53

5.6%

Metro Overall

$15.71

1.7%

Submarket Leasing Activity

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

Lease Comps Details


11

Lease Comps Report

1533-1537 N Milwaukee Ave


Chicago, IL 60622 - Wicker Park Submarket Neighborhood
LEASE

RENTS

SF Leased:

1,150 SF

Sign Date:

Aug 2015

Asking Rent:

$47.00/NNN

Space Use:

Retail

CONCESSIONS AND BUILDOUT

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

Date Off Market:

Aug 2015

Months on Market:

3 Mos

Date Occupied:

Sep 2015

PROPERTY
MARKET AT LEASE
Vacancy Rate

2015 Q3

YOY

Current Building

Submarket 2-4 Star

Metro Overall

2015 Q3

YOY

$47.00

Submarket 2-4 Star

Metro Overall

2015 Q3

YOY

12 Mo. Leased SF

Months On Market

14.0

NNN Asking Rent Per SF


Current Building

Submarket Leasing Activity

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
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Page 16

Lease Comps Details


12

Lease Comps Report

1530-1532 N Milwaukee Ave


Chicago, IL 60622 - Northwest City Submarket
LEASE

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:

LL, P GRND 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

Date Off Market:

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:

4 Surface Spaces are

PROPERTY

MARKET AT LEASE
Vacancy Rate

2016 Q1

YOY

Current Building

0.0%

0.0%

Submarket 2-4 Star

5.6%

0.5%

Metro Overall

7.6%

0.7%

NNN Asking Rent Per SF

2016 Q1

YOY

Current Building

$41.50

Submarket 2-4 Star

$18.39

0.9%

Metro Overall

$15.69

0.1%

Submarket Leasing Activity

2016 Q1

YOY

12 Mo. Leased SF

1,914,282

66.2%

Months On Market

12.2

6.6

11/7/2016
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Page 17

Lease Comps Details


13

Lease Comps Report

1530-1532 N Milwaukee Ave


Chicago, IL 60622 - Northwest City Submarket
LEASE

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

Date Off Market:

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%

Submarket 1-3 Star

12.0%

0.3%

Metro Overall

14.3%

0.2%

NNN Asking Rent Per SF

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:

4 Surface Spaces are

YOY

Current Building

$55.00

0.0%

Submarket 1-3 Star

$18.50

10.9%

Metro Overall

$23.07

1.6%

Submarket Leasing Activity

2014 Q1

YOY

12 Mo. Leased SF

690,233

65.8%

Months On Market

17.8

0.6

11/7/2016
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Page 18

Lease Comps Details


14

Lease Comps Report

1514 N Milwaukee Ave


Chicago, IL 60622 - Northwest City Submarket
TENANT
Tenant Name:

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

Date Off Market:

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:

Submarket 1-3 Star

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

NNN Asking Rent Per SF

2014 Q4

YOY

Current Building

$55.00

Submarket 1-3 Star

$17.25

3.4%

Metro Overall

$15.64

1.3%

Submarket Leasing Activity

2014 Q4

YOY

12 Mo. Leased SF

1,293,562

13.4%

Months On Market

17.5

4.4

11/7/2016
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Page 19

Lease Comps Details


15

Lease Comps Report

1505 N Milwaukee Ave


Chicago, IL 60622 - Northwest City Submarket
TENANT
Tenant Name:

Jeni's Splendid Ice Creams

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

Date Off Market:

Oct 2014

Date Occupied:

Feb 2015

Months on Market:

23 Mos

Months Vacant:

1 Day

Property Type:

Retail

Rentable Area:

6,500 SF

Status:

Built Jan 2015

Stories:

PROPERTY
MARKET AT LEASE
Vacancy Rate
Current Building

2014 Q1

YOY

Tenancy:

Single

Floor Size:

6,500 SF

Land Acres:

0.07

Masonry

Submarket 2-4 Star

6.5%

0.5%

Class:

Metro Overall

8.7%

0.5%

Construction:

NNN Asking Rent Per SF

2014 Q1

YOY

Current Building

$50.00

Submarket 2-4 Star

$17.23

4.5%

Metro Overall

$15.44

0.2%

Submarket Leasing Activity

2014 Q1

YOY

12 Mo. Leased SF

1,326,843

19.0%

Months On Market

14.7

1.2

11/7/2016
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Page 20

Lease Comps Details


16

Lease Comps Report

1480-1484 N Milwaukee Ave


Chicago, IL 60622 - Northwest City Submarket
TENANT
Tenant Name:

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

CONCESSIONS AND BUILDOUT

Suite:

1482

Mo. Free Rents:

3 Months

Buildout:

Restaurants & Cafes

Buildout Status:

Partial Build-Out

LEASE TERM

MARKET AT LEASE
Vacancy Rate

2015 Q3

YOY

Current Building

35.0%

35.0%

Submarket 1-3 Star

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

Date Off Market:

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:

Built Dec 2011

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

Submarket 1-3 Star

$18.00

6.5%

Metro Overall

$15.75

1.0%

Submarket Leasing Activity

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

Lease Comps Details


16

Lease Comps Report

1480-1484 N Milwaukee Ave


Chicago, IL 60622 - Northwest City Submarket
TENANT
Tenant Name:

Umami Burger

Industry:

Retailers/Wholesalers

NAICS:

Full-Service Restaurants - 722110

LEASE

RENTS

SF Leased:

2,989 SF

Sign Date:

Mar 2014

Space Use:

Retail

CONCESSIONS AND BUILDOUT

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

Date Off Market:

Mar 2014

Date Occupied:

Sep 2014

Months on Market:

49 Mos

Months Vacant:

32 Months

YOY

Current Building

32.0%

0.0%

PROPERTY

Submarket 1-3 Star

6.7%

0.6%

Property Type:

Retail

Rentable Area:

9,339 SF

Metro Overall

8.7%

0.5%

Status:

Built Dec 2011

Stories:

Tenancy:

Multi

Floor Size:

9,339 SF

NNN Asking Rent Per SF

2014 Q1

YOY

Class:

Ceiling Height:

17'

Current Building

$48.00

Construction:

Masonry

Vacancy at Lease:

32.0%

Submarket 1-3 Star

$16.60

4.8%

Parking:

Surface Spaces @ $0

Land Acres:

0.21

Metro Overall

$15.44

0.2%

Submarket Leasing Activity

2014 Q1

YOY

12 Mo. Leased SF

1,326,843

19.0%

Months On Market

14.7

1.2

11/7/2016
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Page 22

Lease Comps Details


17

Lease Comps Report

1474 N Milwaukee Ave


Chicago, IL 60622 - Northwest City Submarket
TENANT
Tenant Name:

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

CONCESSIONS AND BUILDOUT


Asking Discount:

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

Date Off Market:

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:

Submarket 1-3 Star

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

NNN Asking Rent Per SF


Current Building

2015 Q1

YOY

Submarket 1-3 Star

$17.53

5.6%

Metro Overall

$15.71

1.7%

Submarket Leasing Activity

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

Lease Comps Report

NNN Asking Rent Per SF

NNN Starting Rent Per SF

NNN Effective Rent Per SF

Avg. Months Free Rent

$43.37

$39.42

$38.90

2.0

DEALS BY NNN ASKING, NNN STARTING, AND NNN EFFECTIVE RENT

DEALS BY ASKING RENT DISCOUNT

DEALS BY MONTHS FREE RENT

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

2,350 SF Retail Lease Signed Dec 2013 for $38.00 (Asking)


2045 W North Ave - Partial 1st Floor Direct, Leased by 5411 Empanadas
Chicago, IL 60647 - Northwest City Submarket
Asking Rent:
Starting Rent:
Effective Rent:

$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

Lipe Property Co.


Misc Retail Stores

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

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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/

1904 North Avenue LLC

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

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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

1843 W North Ventures Llc


Misc Retail Stores

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

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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

Copyrighted report licensed to Jameson Commercial Real Estate - 79023.

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

1532 Milwaukee Llc

Lease Notes:

ID# 124379071

Copyrighted report licensed to Jameson Commercial Real Estate - 79023.

Page 29
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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/

Lipe Property Co.


Dairy Products Stores

Lease Notes:

ID# 115031701

Copyrighted report licensed to Jameson Commercial Real Estate - 79023.

Page 30
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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

Copyrighted report licensed to Jameson Commercial Real Estate - 79023.

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