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
PRECAST INDUSTRIAL CONDO
1409-15 Corporate Dr.,
McHenry

5,000 SF in Prime Industrial Park. 20' ceilings, 10x14' DID, 750 SF office with 1 250 SF air conditioned tech area. Triple basin drains. $295,000 ($59 psf).

Email Bruce Kaplan

Email Heather Schweitzer

FOR SALE
MIXED USE CAMPUS
411  W. River Rd.,
Elgin

52,000 SF with offices, 15 apartments classrooms, auditorium, chapel, daycare area, and dining facility. 3.58 acres near I-90 tollway. $4,200,000.

Email Heather Schweitzer

Email  Bruce Kaplan

Email Joe Billitteri

   
FOR SALE
PIZZA WITH VIDEO GAMING!
Confidential

Just listed - 60 year old family pizza operation includes business and real estate .2015 revenue over $600,000 and climbing. Confidential sale. $525,000.

FOR SALE
POTENTIAL MULTI-TENANT INDUSTRIAL
740 Eastgate,
Crystal Lake 

9,445 SF pre-engineered steel building on a 40,000 SF site built in 2002. 13.5-16' ceilings, 7 DIDs, 2,748 office. Can be divided into units. $499,000 ($52.93 psf).
FOR LEASE
RANDALL ROAD RETAIL
2301-2341 N. Randall,
Carpentersville
1,200-4,800 SF retail spaces for lease in Prairie Meadows Shopping Center Randall and Huntley roads. Very competitive rents, from $10 psf net.
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

 

Kevin Kaplan, x 13

309-261-0920


 

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 

The SBA has just announced it is resurrecting its RE-FI program and this time they have received authorization from Congress to make it permanent. Soon, borrowers and commercial and industrial property owners will be able to re-finance their owner occupied real estate mortgage into a 20 year FIXED DEBT instrument. It will take some months to define the rules, forms and particulars, but you can start thinking about how you can take advantage of this program. We expect that even if you currently have a conventional loan, you will be able to take advantage of this program by putting as little as 10% down. This program will add wind to the sails of the commercial brokerage business in 2016. So call any of our brokers if you would like information on how this program can help you.

Let me take this opportunity to wish you and your families a happy, healthy and prosperous NEW YEAR!
seasons-greetings-banner.gif

Recent Transactions
SOLD
1625 W. Lake Shore Dr., Woodstock
187,000 SF industrial building. 
Sold for $2,000,000 by 
Bruce Kaplan, Joe Billitteri and Mike Williamson

SOLD
27963 Industrial Dr., Lake Barrington 
12,300 SF industrial building.
Sold for $729,000 by Joe Heffernan, Bruce Kaplan, Joe Billitteri and Mike Williamson

SOLD
10514 Rt. 47, Huntley
15,630 SF commercial building with 2 apartments. Sold for $795,000.
Sold by Tina Kropke

SOLD
1000 Alexander Ct., Cary
9,660 SF industrial building. Sold for $615,000.
Sold by Joe Billitteri and Bruce Kaplan

SOLD
11910 E. Oak Creek Parkway, Huntley
4,265 SF industrial flex condo. Sold for $362,525.
Sold by Heather Schweitzer

SOLD
11431 Allison Ct., Huntley
5,852 SF industrial building. Sold for $355,000.
Sold by Joe Billitteri and Bruce Kaplan.

SOLD
2402 Hiller Ridge, Johnsburg
8,125 SF multi-unit industrial building. Sold for $420,000.
Sold by Heather Schweitzer

PREMIER WELCOMES KEVIN KAPLAN

Kevin Kaplan has joined Premier Commercial Realty as their newest broker associate. A graduate of Illinois Wesleyan University, Kevin's background has been in secondary education and coaching for the past 10 years. He intends to learn the brokerage business from his Dad Bruce and assist Bruce in his busy brokerage practice. 

His previous sales experience consists of educational sales as an admissions recruiter for Westwood College of Technology. Kevin was a standout athlete at Cary Grove High School and was Captain of his Illinois Wesleyan football team in his senior year. 

"Educators tend to make great sales associates," said Bruce Bossow, owner of Premier Commercial. "They are good listeners and can convey complicated concepts in ways people can understand. We are excited to have Kevin join us and look forward to great things from him." Kevin lives in Cary with his wife Natalie and three boys.
In the News
MORE GAINS IN COMMERCIAL SECTOR TO COME
by Daily Real Estate News

All major sectors of commercial real estate will continue to improve, but widely-anticipated increases in short-term interest rates could complicate market growth in the year ahead.

That was the forecast from NAR Chief Economist Lawrence Yun at the commercial real estate outlook session last week at the REALTORS´┐Ż Conference & Expo in San Diego. He said that vacancy rates in the office, retail, manufacturing, hotel, and multifamily housing sectors are likely to continue their decline in 2016, even as new projects come online to expand capacity.

RETAILERS EATING UP MORE REAL ESTATE
by Ryan Ori, Chicago Real Estate Daily

Chicago-area retail vacancy fell at the sharpest rate in five years during the third quarter, resuming a post-recession comeback that had paused in the first half of 2015.

Landlords had 9.3 percent overall vacancy during the third quarter, plunging from 10 percent in the previous quarter, according to Los Angeles-based CBRE. That's down from 9.8 percent a year earlier.

The mostly downward move in vacancy since then has been partly the product of what isn't happening-store closings-combined with new deals, said retail broker Sean McCourt, a CBRE associate based in the firm's Bannockburn office.

An improved economy and fewer store closings, combined with several large leases, has continued to push vacancy far below the post-crash high of 12.1 percent in 2010. The low point was 8.6 percent in early 2013, before grocery store chain Dominick's closed and flooded the market with big blocks of vacant space.

WHAT YOU SHOULD KNOW ABOUT THE CAP RATE
by Robert Schmidt, Property Metrics

The capitalization rate is a fundamental concept in the commercial real estate industry. Yet, it is often misunderstood and sometimes incorrectly used. This post will take a deep dive into the concept of the cap rate, and also clear up some common misconceptions.

Cap Rate Definition
What is a cap rate? The capitalization rate, often just called the cap rate, is the ratio of Net Operating Income (NOI) to property asset value. So, for example, if a property was listed for $1,000,000 and generated an NOI of $100,000, then the cap rate would be $100,000/$1,000,000, or 10%.

Cap Rate Example
Let's take an example of how a cap rate is commonly used. Suppose we are researching the recent sale of a Class A office building with a stabilized Net Operating Income (NOI) of $1,000,000, and a sale price of $17,000,000. In the commercial real estate industry, it is common to say that this property sold at a 5.8% cap rate.
candles_romantic.jpg