 INDUSTRIAL GEM
Crystal Lake-13,709 sf steel building on 1.44 acres. 32% office, 13-17' ceilings, 4 DID's. Built to split into up to 4 units. Seller will lease back a portion. Reduced to $750,000 ($54.71 psf).
Click photo for specs
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 PRICE SLASHED! AGAIN!
Johnsburg-9000 sf steel industrial building on 1.07 acre 3600 sf office/showroom and 5400 sf clearspan warehouse with 16x14' DID. Sensational buy! $369,900 ($41.10 psf).
Click photo for specs
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 INDUSTRIAL CONDO
Crystal Lake-3660 sf masonry and steel end unit with 16' ceilings, 2 12x14' DID's, 960 sf office with huge mezzanine and triple basin drains (good for automotive!). $285,000 ($77.86 psf).
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 ROUTE 14 RETAIL BARGAIN
Crystal Lake-$755,000 price drop! 30,000 sf retail strip on busy RT 14 on 2.08 acres. Sprinklered. Good signage. Good parking. Hot buy at $2,195,000.
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 TRANSACTION OF THE MONTH
Algonquin- 4,030 SF new retail building in Fountain Square. Sold to Diamond Physical Therapy for $525,000. |
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2011 Commercial Real Estate Highlights
By: Bruce Kaplan
New commercial/industrial real estate projects approved, in process or completed seemed to pick up steam in 2011 versus 2010. For the second year in a row, I contacted each municipality in McHenry County to ask for their most significant projects during the year in terms of building size, sales tax revenue generated and/or number of new employees. Most towns were kind enough to participate. Below is an overview of some of the additions to our economic fabric in McHenry County this year.
Algonquin- Finally resolving the "Tyvek Towers" dilemma, a new owner has completed the exterior of Riverside Plaza and is selling condos there and will lease 1st floor retail space at some point. 48 new businesses were added which were distributed throughout town. Ross Dress for Less and Gordmans were two of the largest new retailers opened in Algonquin Commons. Rosen Hyundai and Hobby Lobby are under construction and plan early 2012 openings.
Cary-In addition to completing one project featured in last year's article, a 200,000 sq. ft. addition to Sage Products, an 80,000 sf assisted living facility which was approved in 2010 is now under construction and planned for a spring, 2012 opening. Swiss Automation bought the 34,800 sf former Morley building at 185 Detroit St. Durex Industries bought the 24,000 sf former Coffman building at 305 Cary Point Drive. The Village welcomed 16 new businesses into the community including Klein Renovation who moved into 12000 sf on Industrial Drive.
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Real Estate Investing Versus Stocks?
*re-printed from the December 4, 2011 Oakstone/LAX Morning Minute
Many investors have been questioning lately how they can afford to invest in real estate right now, while the economy is uneven and the stock market is up one week nose diving the next week. My answer is how can you afford NOT to be investing in real estate right now? The Federal Reserve is flooding the market with greenbacks! Remember, the more dollars they print means the lower the value of the dollar will be. Inflation i could get worse.
Stock prices are careening, but even worse is the fact that stocks are now paying the lowest dividends since 1955. The stock market has returned an average of 6% a year since 1900. However, if you take away dividends the return is only 1.7%. Meanwhile, government bonds have returned an average of 2.1%. Anyone that is considering an investment in stocks, even at these dramatically lower prices needs to ask themselves whether they might be able to realize a higher investment return than 1.7% in real estate. |
Investors Keep Buying Industrial Real Estate...Expect a Big 2012
*reprinted from the Oakstone/ LAX Morning Minute
November 30, 2011
Industrial real estate may not grab headlines, but the sector has recovered slowly throughout 2011 and insiders expect the trend to continue in 2012 and beyond. Industrial's recovery is uneven, however, with larger distribution markets experiencing strong growth while outlying markets have higher vacancy rates and are drawing less interest. "If you look at the industrial markets that are really flourishing right now and coming back in a strong way now, they are the larger distribution markets," says Ryan Spradling, a leasing and sales specialist with Cassidy Turley BRE Commercial's industrial division in San Diego. "We're seeing very large blocks of space being taken down by corporate users and there is high demand for spaces 500,000 sq. ft. and larger. So the larger blocks of space have seen good activity from the leasing standpoint and also from the investment side." Continue Reading |
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Premier Power Team
9225 S. IL Route 31
Lake in the Hills, IL 60156
847-854-2300 |
Our joy during the holiday season is tempered by the knowledge that not all of our clients were set free of the albatross of their space for sale or lease in 2011. While we are ending up the year on a positive note (20-30% ahead of last year) we know we have work to do in 2012. We pledge to continue to work hard for our clients, who we cherish, and look forward to building on the many good relationships we have nurtured throughout the 20 years of Premier's existence.
We do wish you and your family a Happy Holiday season and a joyous, prosperous, healthy New Year!
We promised to report on the on line auction that took place this month. We had two industrial buildings in the auction. In short we had no actual bidders. There are, however, a number of interested parties. Those parties are being pursued post auction and encouraged to make private offers. Auction.com has a $50 million advertising budget and claims to sell $40 BILLION in commercial real estate properties annually. So this was not a "Mickey Mouse" experiment. We may re-load and try again in February. We will keep you posted.
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