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WEST AURORA PLAZA Aurora, IL ACT ID Y0670545

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WEST AURORA PLAZA Aurora, IL ACT ID Y0670545 Offering Memorandum WESTWEST AURORAAURORA PLAZAPLAZA 2131 W Galena Blvd • Aurora, IL 60506 NON-ENDORSEMENT AND DISCLAIMER NOTICE Confidentiality and Disclaimer The information contained in the following Marketing Brochure is proprietary and strictly confidential. It is intended to be reviewed only by the party receiving it from Marcus & Millichap and should not be made available to any other person or entity without the written consent of Marcus & Millichap. This Marketing Brochure has been prepared to provide summary, unverified information to prospective purchasers, and to establish only a preliminary level of interest in the subject property. The information contained herein is not a substitute for a thorough due diligence investigation. Marcus & Millichap has not made any investigation, and makes no warranty or representation, with respect to the income or expenses for the subject property, the future projected financial performance of the property, the size and square footage of the property and improvements, the presence or absence of contaminating substances, PCB's or asbestos, the compliance with State and Federal regulations, the physical condition of the improvements thereon, or the financial condition or business prospects of any tenant, or any tenant's plans or intentions to continue its occupancy of the subject property. The information contained in this Marketing Brochure has been obtained from sources we believe to be reliable; however, Marcus & Millichap has not verified, and will not verify, any of the information contained herein, nor has Marcus & Millichap conducted any investigation regarding these matters and makes no warranty or representation whatsoever regarding the accuracy or completeness of the information provided. All potential buyers must take appropriate measures to verify all of the information set forth herein. Marcus & Millichap is a service mark of Marcus & Millichap Real Estate Investment Services, Inc. © 2017 Marcus & Millichap. All rights reserved. Non-Endorsement Notice Marcus & Millichap is not affiliated with, sponsored by, or endorsed by any commercial tenant or lessee identified in this marketing package. The presence of any corporation's logo or name is not intended to indicate or imply affiliation with, or sponsorship or endorsement by, said corporation of Marcus & Millichap, its affiliates or subsidiaries, or any agent, product, service, or commercial listing of Marcus & Millichap, and is solely included for the purpose of providing tenant lessee information about this listing to prospective customers. ALL PROPERTY SHOWINGS ARE BY APPOINTMENT ONLY. PLEASE CONSULT YOUR MARCUS & MILLICHAP AGENT FOR MORE DETAILS. WEST AURORA PLAZA Aurora, IL ACT ID Y0670545 2 WEST AURORA PLAZA INVESTMENT OVERVIEW 3 WEST AURORA PLAZA OFFERINGOFFERING SUMMARY SUMMARY EXECUTIVE SUMMARY OFFERING SUMMARY Price $6,500,000 MAJOR EMPLOYERS Down Payment 100% / $6,500,000 Loan Amount $0 Loan Type All Cash EMPLOYER # OF EMPLOYEES * Lot Size (SF) 557,568 Caterpillar 4,287 Price/SF $11.66 Fitness Center 1,450 Lot Size (Acres) 12.8 Acre(s) Dryer Cancer Center 1,100 Price/Acre $507,813 Presence Mercy Medical Center 1,000 Price/Unit $0 Hollywood Casino - Aurora Inc 905 Number of Lots 0 Waubonsee Cmnty Cllege Fndtion 850 Type of Ownership Fee Simple Air Route Traffic Control Ctr 800 System Support Center 600 Togo Packing Co Inc 500 Workspace Lyon Products LLC 500 Farmers Insurance 456 ASSET PERFORMANCE DATA Vvf Illinois Services LLC 450 CURRENT CAP Rate 0.0% Net Operating Income $0 DEMOGRAPHICS Net Cash Flow 0.00% / $0 1-Miles 3-Miles 5-Miles 2016 Estimate Pop 13,014 66,293 198,013 2016 Census Pop 12,652 64,546 192,634 2016 Estimate HH 4,900 21,834 61,426 2016 Census HH 4,749 21,171 59,615 Median HH Income $66,249 $56,953 $61,182 Per Capita Income $31,881 $25,057 $24,764 Average HH Income $84,036 $74,735 $79,203 * # of Employees based on 5 mile radius 4# WEST AURORA PLAZA OFFERING SUMMARY INVESTMENT OVERVIEW Marcus & Millichap is pleased to present a prime redevelopment opportunity of a recently vacated 115,209-square foot Walmart building along with 12-plus acres of land fronting on Galena Boulevard in Aurora, Illinois. The offering represents an opportunity for a developer or user/buyer to re-purpose the vacant building and create additional value by re-platting and/or rezoning the property for additional outlots and retail buildings. The city of Aurora looks to be an active participant in assisting a prospective buyer with potential incentives available. INVESTMENT HIGHLIGHTS § Redevelopment Opportunity of a Vacant 115,209-Square Foot Walmart § Additional Land/Parking Field Suitable for Additional Outlots and Retail § Possible City Financial Assistance § Strong Retail Location § 76,000 Residents Within Three Miles § Over $60,000 Average Household Incomes Within One, Three and Five-Mile Radius 5 WEST AURORA PLAZA OFFERING SUMMARY PROPERTY SUMMARY THE OFFERING Property West Aurora Plaza Price $6,500,000 Property Address 2131 W Galena Blvd, Aurora, IL Assessors Parcel Number 15-19-201-020 Zoning B-2 Ingress/Egress Signalized SITE DESCRIPTION Lot Size (SF) 557,568 Price/SF $11.66 Lot Size (Acres) 12.8000 Price/Acre $507,813 Type of Ownership Fee Simple 6 PROPERTYWEST AURORA NAME PLAZA PRICINGPRICING ANDANDLOCATIONLOCATION VALUATIONVALUATIONTENANT SUMMARYOVERVIEWOVERVIEW MATRIXMATRIX 2131 W Galena Blvd, Aurora, IL 60506 CLOSE PROXIMITY TO: # 7 WEST AURORA PLAZA REGIONAL MAP 8 WEST AURORA PLAZA LOCAL MAP 9 WEST AURORA PLAZA AERIAL PHOTO 10 WEST AURORA PLAZA SURVEY MAP 11 WEST AURORA PLAZA PLAN OVERLAY MAP 12 WEST AURORA PLAZA ACQUISITION FINANCING MARCUS & MILLICHAP CAPITAL WHY MMCC? CORPORATION CAPABILITIES Optimum financing solutions MMCC—our fully integrated, dedicated financing arm—is committed to to enhance value providing superior capital market expertise, precisely managed execution, and unparalleled access to capital sources providing the most competitive rates and Our ability to enhance terms. buyer pool by expanding finance options We leverage our prominent capital market relationships with commercial banks, life insurance companies, CMBS, private and public debt/equity funds, Fannie Mae, Freddie Mac and HUD to provide our clients with the greatest range of Our ability to enhance financing options. seller control Our dedicated, knowledgeable experts understand the challenges of financing • Through buyer qualification support and work tirelessly to resolve all potential issues to the benefit of our clients. • Our ability to manage buyers finance expectations • Ability to monitor and manage buyer/lender progress, insuring timely, predictable closings • By relying on a world class Closed 1,651 National platform $5.1 billion Access to debt and equity operating total national more capital set of debt/equity sources financings within the firm’s volume in 2016 sources than and presenting a tightly in 2016 brokerage offices any other firm underwritten credit file in the industry 13 WEST AURORA PLAZA MARKET OVERVIEW 14 WEST AURORA PLAZA MARKET OVERVIEW CHICAGO OVERVIEW Chicago-Naperville-Elgin is one of the largest metros in the nation. Also know as the greater Chicagoland area, it is bounded to the east by Lake Michigan, expands over a 5,000-square-mile region in northeastern Illinois and extends into Wisconsin and Indiana. The metro houses 9.6 million people and comprises 14 counties. The city of Chicago contains 2.7 million residents. The greatest growth during the past 20 years occurred in the western portion of the region. In recent years, however, businesses are relocating back into the city to attract young workers, supporting the development of high-rise residential towers in the downtown Chicago. METRO HIGHLIGHTS THIRD-LARGEST METROPOLITAN AREA The metro population trails only New York City and Los Angeles in size, expanding to nearly 10 million residents. WEALTH OF INTELLECTUAL CAPITAL The number of corporate headquarters in Chicago is second only to New York City. There are 32 Fortune 500 companies based locally. LARGE, DIVERSE EMPLOYMENT BASE The Chicago metro employs more than 4.6 million individuals in an array of industries, including a growing tech sector. 15 WEST AURORA PLAZA MARKET OVERVIEW TRANSPORTATION § The region’s transit network ranks among the largest and most efficient in the world. § The vast network of freeways, centralized location, the largest rail- truck intermodal facility in the U.S., as well as the Port of Chicago contribute to the metro’s position as a major distribution and logistics hub. § Chicago is the nation’s premier freight rail hub, with four carriers, BNSF, Union Pacific, CSX, Norfolk Southern, servicing the region. § Amtrak routes originate from Union Station, while the Metra commuter rail and the Chicago L provide passenger service throughout the metro area and beyond. § International airports include O’Hare, Midway and Gary/Chicago. Seven smaller airports also provide air service for the region. Million TEU’s CHICAGO HAS RAIL LINES 17.2 3 7 MOVED THROUGH METRO INTERNATIONAL FOR FREIGHT, PASSENGER IN 2015 AIRPORTS AND COMMUTER MORE THAN OF ILLINOIS RESIDENTS LIVE IN THE SUBURBS OF CHICAGO, MANY OF WHOM COMMUTE INTO 40% THE CITY FOR WORK 16 WEST AURORA PLAZA MARKET OVERVIEW ECONOMY MAJOR AREA EMPLOYERS Abbott Labs § The metro has one of the biggest economies in the nation Advocate Healthcare and is buoyed by its distribution, finance, manufacturing operations and growing high-tech sectors. Wal-Mart § There are 32 Fortune 500 companies headquartered in the Motorola
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