Premier Commercial Realty
9225 S. IL Route 31
Lake in the Hills, IL  60156
847-854-2300

Industrial

Commercial

Office

Land

Business

Solutions Newsletter
 from Premier Commercial Realty

Featured Properties
FOR SALE
MIXED-USE STARTER INVESTMENT
271 S. State St., Elgin

8.5% cap rate on this brick 2-story with 4 apartments and 2 stores. 1 block from Riverboat on Rt. 31. $303,540 ($33.73 psf)

Email Joe Billitteri


Click here for more info

FOR SALE
INDUSTRIAL FLEX BUILDING
6217 Factory Road, Crystal Lake

2,870 SF office showroom, 2,130 SF warehouse plus additional 750 SF mezzanine office/ storage. Near Rt. 14. SBA financing available. $320,000 ($64 psf).

 Email  Heather Schweitzer

   
FOR SALE
FREESTANDING OFFICE OR RETAIL
1005 N. Main (Rt. 31), Algonquin

B-2 zoned 4,639 SF single story former chiropractic office on busy Rt. 31 near the bypass. Price just reduced by motivated owner to $295,000 ($63.59 psf).

Email  Bruce Kaplan

   
FOR SALE
MULTI-TENANT OFFICE
5320-42 W. Elm, McHenry

Bank owned. 15,350 SF on 1.79 acres. Approx. 5,000 SF  to be vacated for user/investor at $9 psf net. Ask for rent roll and operating statement. $685,000.
FOR SALE
CONTRACTORS' YARD
6813 Sands Rd., Crystal Lake
3 industrial buildings on 5.11 acres. Securely fenced for outside storage. Total of 37,559 SF of indoor space. 28 DIDs. Triple basin drain. $1,200,000.
CONTACT OUR BROKERS FOR MORE INFORMATION!

 

Bruce Bossow, x 12

847-732-3462

 

Heather Schweitzer, x 15

815-236-9816


 Heide Casciaro, x 26

847-774-5660


Bruce Kaplan, x 20

847-507-1759


 Joe Billitteri, x 21

847-833-5004


Joe Heffernan, x 18

847-302-5550


 Tina Kropke, x 14

815-970-0546

 

Mike Williamson, x 25

847-732-0504

 

Melissa Hubley, x 22

312-320-5987

 

Steve Ippolito, x 24

708-341-0509

PCR IS ALWAYS LOOKING FOR GREAT BROKERS!

 

If you're interested in joining our long-established commercial real estate firm and working with other successful brokers and an excellent support staff, we'd like to talk to you! We're known for our team spirit and camaraderie among our brokers, and we're looking for motivated individuals who will fit into our team. Call Bruce Bossow at 847-854-2300, ext. 12, for a confidential chat.


From Bruce Bossow 

Over the past number of years, China has absorbed a large part of our industrial production by making goods below our cost. But now, we are seeing more manufacturing coming back to the US. The primary reason is quality control. Once we receive shipments on our loading dock and find the end user won't accept the quality, what can we do? Ship it back? As a consequence, many US manufacturers are now expanding and needing more space. If you find yourself in this position, call one of my professionals dedicated to solving problems and making your business more profitable.

Recent Transactions
SOLD
29693 Rt. 12, Wauconda
7,365 SF industrial shop and office.
Sold for $400,000 by 
Joe Heffernan

SOLD
64 Crystal Lake Ave., Crystal Lake 
1,500 SF office building.
Sold for $205,000 by Bruce Kaplan

SOLD
215 E. State St., Island Lake
7,500 SF multi-unit commercial building.
Sold for $295,000 by
Bruce Kaplan and Mike Williamson

LEASED
1065 Lake Ave., Woodstock
4,490 SF leased to Intren.
Leased by Heather Schweitzer

Welcome, Steve Ippolito! 

We would like to introduce you to our newest Broker, Steve Ippolito. Steve brings with him a wealth of experience and knowledge in the financial services and asset management industry. His primary area of interest is working with individuals who are looking to increase their personal net worth and diversify their financial asset portfolios by expanding and managing their private commercial real estate investment holdings.

Steve will be teaming up with PCR's Senior Brokers, Bruce Kaplan and Joe Billitteri. He lives in Fox River Grove with his family, and has completed nine marathons, including the Boston Marathon in 2007 and the Madison Ironman in 2014.

In the News
GOOD TIMES GET BETTER FOR INDUSTRIAL LANDLORDS
by Ally Marotti, Chicago Real Estate Daily

The local industrial vacancy rate fell to 7.23% in the second quarter, down from 7.6% in the first quarter and 8.43% a year earlier, according to Seattle-based Colliers International. The rate is its lowest since 2001, when it dipped below 7%.


"The market is an an excellent position right now," said David Bercu, a  Colliers principal based in Rosemont. "We've got a win-win situation where users of space, their overall business is good, which is requiring them to go into new real estate projects, and for owners of real estate, it is allowing them to get their buildings leased or sold for reasonable rates within a decent amount of time."


Net absorption - the change in the amount of occupied space compared with the prior quarter - jumped to more than 8 million square feet in the second quarter, its 13th straight quarterly rise, and the biggest increase since 2010.

 

 
Q2 2015 OFFICE SECTOR PREVIEW
by Scott Humphrey, REIS


The share of markets posting positive absorption over the last five quarters is certainly heartening.


 

Sixty-eight of Reis's top 82 primary markets posted an increase in occupied stock in the second quarter, a trend that has generally been improving since early 2014. Likewise, an increasing majority of markets are posting rising effective rents; only seven out of 82 markets posted flat or declining effective rents in the second quarter.

 

Continue reading

 
PAYING TOO MUCH IN REAL ESTATE TAXES?
by Kelleher & Buckley, LLC. Reprinted with permission.

How can you best stop increases in your real estate taxes?
The best way to obtain a reduction in your property's assessment is through a timely appeal. Last year Kelleher & Buckley, LLC's attorneys obtained up to a 40% reduction for commercial, industrial and office properties and up to a 35% reduction for residential properties.  

This year's comprehensive reassessments will likely show significant increases both on high-end residential and commercial industrial properties. This year is the most important year to review and challenge assessment increases, for two reasons: (1) township assessors will not perform the comprehensive review for another four years; and (2) the growing likelihood that due to the Springfield mess and reductions of funding to schools and local government units, taxing bodies will be forced to seek increases in their tax levies and rates!

 
SELF STORAGE: A LOW-RISK INVESTMENT - GROWING ACCUMULATION OF GOODS LEADING TO GROWING RETURNS
by Podolsky/Circle. Reprinted with permission.

Self-storage has been on an upward trend since the late 1990s and has been "the fastest growing commercial real estate sector in the U.S." for the past 30 years according to the Self Storage Association (SSA). In fact, self-storage has expanded to a point where there are now more storage facilities in the United States than there are McDonalds. The amount of rentable storage space in the U.S. exceeds 2.3 billion square feet, meaning the U.S. population stores more "stuff" than any other country.
 
Perhaps surprisingly, the majority of people who rent storage units reside in the suburbs. As of January 2015 the breakdown of self-storage facility locations was as follows: 52% suburban; 32% urban; and 16% rural. Taking those demographics a step further, approximately 65% of people who rent storage units have a garage in their home; 47% have an attic; and 33% have a basement. Part of the reason those who already have storage space in their home rent self-storage units is that the average amount of goods consumers own has increased tremendously over the years. Industry experts predict this trend to continue.