OFFERING MEMORANDUM University of Illinois Student

OFFERING MEMORANDUM

DEVONSHIRE REALTY CAMPUS

University of Illinois Student Housing / Development Opportunity

105 E Armory Ave Champaign, IL 61820

PRESENTED BY: JOSH MARKIEWICZ 217.552.8077 [email protected]

TIM HARRINGTON 217.352.7712

[email protected] 105 E ARMORY AVENUE, CHAMPAIGN, IL

This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as to the accuracy of the information. References to square footage or age are approximate. Buyer must verify the COLDWELL BANKER COMMERCIAL DEVONSHIRE REALTY | CHAMPAIGN, IL | 217.352.7712 information and bears all risk for any inaccuracies.

OFFERING MEMORANDUM

DEVONSHIRE REALTY CAMPUS

Table of Contents

1 Confidentiality and Restricted Use Agreement 2 Property Overview 3 High Aerial 4 Property Details 5 Property Pictures 6 Floor Plans 10 Plat Map 11 Low Aerial 12 Birds Eye Aerial 13 University of Illinois Overview 14 City of Champaign Overview 15 Champaign, Illinois Map 16 Contact Information

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Confidentiality and Restricted Use Agreement

This Confidential Investment Summary (“CIS”) is provided by Coldwell Banker Commercial Devonshire Realty (“CBCDR”), solely for your consideration of the opportunity to acquire the commercial property described herein (the “Property”). This CIS may be used only as stated herein and shall not be used for any other purpose, or in any other manner, without prior written authorization and consent of CBCDR.

This CIS does not constitute or pertain to an offer of a security or an offer of any investment contract. This CIS contains descriptive materials, financial information and other data compiled by CBCDR for the convenience of parties who may be interested in the Property. Such information is not all inclusive and is not represented to include all information that may be material to an evaluation of the acquisition opportunity presented. CBCDR has not independently verified any of the information contained herein and makes no representations or warranties of any kind concerning the accuracy or completeness thereof. All summaries and discussions of documentation and/or financial information contained herein are qualified in their entirety by reference to the actual documents and/or financial statements, which upon request may be made available. An interested party must conduct its own independent investigation and verification of any information the party deems material to consideration of the opportunity, or otherwise appropriate, without reliance upon CBCDR.

The Property may be financed or withdrawn from the market without notice, and its owner(s) reserve(s) the right to negotiate with any number of interested parties at any time. The Property is offered and sold by its owner(s) as is, where is, and with all faults, without representation or warranty of any kind except for any customary warranties of title.

BY ACCEPTING THIS CIS, YOU AGREE THAT: (1) all information contained herein, and all other information you have received or may hereafter receive from CBCDR relating to the Property, whether oral, written or in any other form (collectively, the “Information”), is strictly confidential; (2) you will not copy or reproduce, and claim as your own without attribution to CBCDR, all or any part of this CIS or the Information; (3) upon request by CBCDR at any time, you will return and/or certify your complete destruction of all copies of this CIS and the Information; (4) for yourself and all your affiliates, officers, employees, representatives, agents and principals, you hereby release and agree to indemnify and hold harmless CBCDR all of its affiliates, officers, employees, representatives, agents and principals, from and with respect to any and all claims and liabilities arising from or related to the receipt or use of this CIS and/or any other Information concerning the Property; (5) you will not provide this CIS or any of the Information to any other party unless you first obtain such party’s acceptance and approval of all terms, conditions, limitations and agreements set forth herein, as being applicable to such party as well as to you; and (6) monetary damages alone will not be an adequate remedy for a violation of these terms and that CBCDR shall be entitled to equitable relief, including, but not limited to, injunctive relief and specific performance, in connection with such a violation and shall not be required to post a bond when obtaining such relief.

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PROPERTY OVERVIEW THE OFFERING

Coldwell Banker Commercial Devonshire Realty (CBCDR) is Purchase Price Call for Offers proud to exclusively offer for sale 105 East Armory Avenue, Lot Size 13,378 SF Champaign, Illinois. 105 E Armory is located in a highly desirable area on the University of Illinois at Urbana-Champaign campus Building Size 15,965 SF (47,826 students and 10,845 faculty & staff) and was most recently occupied by the Delta Sigma Phi fraternity. Zoning MFUniv

Year Built 1929 The property is extremely well situated just south of Green Street and east of First Street, and is 0.5 miles from the Main Quad and PIN 46-21-18-301-004 0.5 miles from the South Quad.

Real Estate Taxes $31,156.12 105 E Armory is also strategically located immediately north of the University of Illinois Activities and Recreation Center (ARC), OFFERING HIGHLIGHTS Ikenberry Commons, Memorial Stadium (60,670 capacity) and the State Farm Center (15,500 capacity).

Neighboring properties include a great mix of student • Incredible Campustown Location First Last 2 apartments, student residence halls, fraternity and sorority 212-257-4641 houses, and University of Illinois owned facilities including many [email protected] • Strong Development Opportunity academic buildings.

CALL FOR OFFERS: Following an initial period for property tours, inspections, • Home to a Major Big 10 University and due diligence review the Seller will instruct CBCDR to provide all interested parties a timeline to submit offers for consideration. CBCDR will • Massive Ongoing Reinvestment in provide the parties a buyer offer submission packet at that time for submission of offers and outline the requested terms and conditions. The Neighborhood by the University of Seller reserves the unqualified right, in its sole and absolute discretion, to Illinois and Private Developers consider factors other than the highest offer amount in selecting the winning Bidder and conveying the Property. Seller may also invite or entertain counter-offers, or may reject all proposals.

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First Street University of Illinois 6,370 Acres 651 Buildings Oak Street

Neil Street

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INVESTMENT105 E ARMORY HIGHLIGHTS AVENUE

Purchase Price Call for Offers Parcel # 46-21-18-301-004 Lot Size 13,378 SF Lot Dimensions 96’ x 138’ Building Size 15,965 SF Basement 4,230 SF First Floor 3,795 SF Second Floor 3,520 SF Attic 1,000 SF Year Built 1929 Zoning MFUniv First Last 2 212-257-4641 # of Units 27 [email protected] # of Occupants 53

MFUniv Zoning Standards • 75’ Height Limit • Minimal Setbacks Requirements • No Floor Area Ratio (FAR) • No Open Space Reserves (OSR) • No Parking Requirements

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OFFERING MEMORANDUM

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OFFERING MEMORANDUM

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OFFERING MEMORANDUM

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DEVONSHIRE REALTY CAMPUS University of Illinois Overview

47,826 Total Enrollment (2017) The University of Illinois at Urbana- Champaign (UIUC) is a public research 33,624 Undergraduate Enrollment university that was founded in 1867 as 13,210 Graduate Enrollment a land-grant institution and is the flagship campus of the University of 992 Professional Students Illinois System.

10,845 Faculty & Staff UIUC has 16 schools and colleges and offers more than 150 undergraduate and over 100 graduate programs of UIUC Enrollment study. 49000 48000 The campus covers 6,370 acres and 47000 has 651 buildings with an annual 46000 operating budget in excess of $2B. 45000 44000 UIUC had $620M in R&D expenditures 43000 in FY16 and is home to the fastest 42000 41000 supercomputer on a university 2013- 2014- 2015- 2016- 2017- campus. 2014 2015 2016 2017 2018

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DEMOGRAPHICS

POPULATION 1-MILES 3-MILES 5-MILES 2010 Population 31,643 107,318 142,752 2016 Population 33,417 111,124 148,687 Five Year Projection 34,129 113,461 156,118 Daytime Population 90,105 170,232 197,353 HOUSHOLDS 2016 Households 10,034 45,802 60,937 Five Year Projection 10,375 47,553 64,966 INCOME 2016 Median HH Income $16,549 $36,033 $43,482 2016 Per Capita Income $12,253 $22,735 $28,692 2016 Avg. HH Income $32,157 $57,450 $66,654

AREA OVERVIEW

The city of Champaign lies 134 miles south of Chicago, and is the tenth most populous city in the state of Illinois, and the fourth most populous city outside of Chicago metro. The city is also 126 miles west of Indianapolis, IN and 178 miles northeast of St. Louis, MO.

Champaign-Urbana is home to the University of Illinois, which is ranked as the #11 public university in the nation, and has over 47,000 students and 10,000+ faculty and staff, and Parkland College (18,000+ students).

The city is also a vibrant tech community with offices for Yahoo!, Abbott Labs, Abbvie, NVIDIA, Caterpillar, Amdocs, IBM, Wolfram Research, Dow, and many more.

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CAMPUS

134 Miles

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CONTACT INFORMATION

DEVONSHIRE REALTY

Josh Markiewicz 217.552.8077 [email protected]

Tim Harrington 217.352.7712 [email protected]

Coldwell Banker Commercial Devonshire Realty 201 W. Springfield Ave. | 11th Floor Champaign, IL 61820 217.352.7712