9,800 sf Office Building Frankfort, IL

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1 21195 S LaGrange Rd Features: 9,800 sf 40 car parking Across from Jewel anchored shopping center Can be acquired fully or partially occupied Well Maintained All electric utilities Taxes- $3.35 psf Great for small professional users 36,700 sf lot This nearly 10,000 sf office building is situated in a great location for professionals in the Frankfort/Mokena area. Consisting of 13 individual units, it can be structured as a pure investment or a user can occupy all or part of the building for their own needs. Depending on the needs and desires of the new owner, the seller can remain as a tenant or vacate completely. Priced to sell and is supported by several recent appraisals SELLER WILL CONSIDER FINANCING.

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3 Walt s Grocery Starbucks McDonalads LaGange Rd Lincoln Way East HS Jewel Marianos Walgreens Rt 30 SITE

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5 Downtown Frankfort

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9 As-Is Rent Roll Office Tenant SF Occupied Monthly Rent Annual rent Rent/SF 1A GNC 525 $ $ 11, $ B GNC 575 $ 1, $ 12, $ C GNC 554 $ 1, $ 12, $ D GNC 592 $ 1, $ 13, $ E GNC 550 $ 1, $ 12, $ F Vacant 427 $ $ 9, $ G GNC 429 $ $ 9, $ A GNC 417 $ $ 9, $ B GNC 898 $ 1, $ 20, $ C Gedutis 650 $ 1, $ 14, $ D Gedutis 500 $ $ 11, $ E GNC 550 $ 1, $ 12, $ F GNC 574 $ 1, $ 12, $ G GNC 523 $ $ 11, $ $ 14, $ 174,690.00

10 As-Is Cash Flow Gross Income $ 174, Expenses Annual RE Taxes $ 35, Insurance $ 3, Electric $ 3, Water $ Janitorial $ 6, Maintenance $ 10, Landscape/Snow $ 1, Scavenger $ 1, Management (5%) $ 10, Vacancy (6%) $ 10, Total Expenses $ 83, NOI $ 91, Financing Purchase Price $ 1,100, % Equity $ 275, Mortgage $ 825, Debt Service (4.5%, 20 yrs) $ 62, Cash Flow $ 28, Return on Equity 10.5%

11 Rent Roll 60% Owner Occupied Office Tenant SF Occupied Monthly Rent Annual rent Rent/SF 1A Owner 525 $ $ 11, $ B Owner 575 $ 1, $ 12, $ C Owner 554 $ 1, $ 12, $ D Owner 592 $ 1, $ 13, $ E Owner 550 $ 1, $ 12, $ F Owner 427 $ $ 9, $ G Owner 429 $ $ 9, $ A Owner 417 $ $ 9, $ Total SF 4069 $ 7, $ 91, Office Tenant SF Occupied Monthly Rent Annual rent Rent/SF 2B GNC 898 $ 1, $ 20, $ C Gedutis 650 $ 1, $ 14, $ D Gedutis 500 $ $ 11, $ E GNC 550 $ 1, $ 12, $ F GNC 574 $ 1, $ 12, $ G GNC 523 $ $ 11, $ Totals 3695 $ 6, $ 83,137.50

12 Cash Flow/Benefits If a buyer occupies 60% of the building, the occupancy costs would be $57,308. If it were just a lease, the occupancy costs would be over $90,000. Ownership creates a significant savings in a business s operating costs. Income received from tenants $ 83, Expenses Annual RE Taxes $ 35, Insurance $ 3, Electric $ 3, Water $ Janitorial $ 6, Maintenance $ 10, Landscape/Snow $ 1, Scavenger $ 1, Management (5%) $ 10, Vacancy (6% of tenant space) $ 5, Total Expenses $ 77, NOI $ 5, Financing Purchase Price $ 1,100, % Equity $ 275, Mortgage $ 825, Debt Service (4.5%, 20 yrs) $ 62, Occupancy Costs $ (57,308.00)