LOCATION HIGHLIGHTS: Located a few hundred feet from the Illinois border, 3445 Sheffield Ave. is the ideal location for quick access to I-90, I-94 and downtown Chicago. The property is strategically positioned for companies requiring proximity to downtown Chicago and instant access to the major expressways. 1500 feet to toll road on ramp at Calumet ave. 5 miles to I-94, straight south on Calumet ave. 15 miles to the Loop PROPERTY PROPERTY HIGHLIGHTS: 3445 Sheffield Avenue, Hammond, IN 46327 225,000 SF, demised into 50,000 SF units 32 clear ceiling with LED lighting Pre cast construction with membrane roofing surface Up to 40 docks 186 car parking spaces 60 trailer parking spots ESFR sprinkling system City of Hammond Utilities TI and office buildout included in competitive base rent Aggressive incentive packages available FOR LEASE Jeff Smoke + Managing Director 574.855.5700 jsmoke@greatlakescapital.com
BUILDING SPECIFICATIONS Available Space: Site Area: Construction: 225,000 SF 18 acres Precast concrete Dock Doors: 14 (expandable to 40) Drive-In Doors: 2 Clear Height: 32 Office Area: 1,000 SF Column Spacing: 50 x 50 Loading Bay: 50 x 60 Electrical: Fire Protection System: Parking: Lighting: Floors: Taxes: 1200 amp expandable ESFR 186 spots, 60 Truck trailer spots LED 6 3500 PSI concrete TBD Availability: July 2018 FOR LEASE:
Indiana Transportation, Distribution & Logistics Overview Indiana is a global logistics leader and offers a strong competitive advantage when it comes to reaching North American markets. Known as the Crossroads of America, Indiana is home to the second largest FedEx hub in the world and provides access to 80% of the U.S. and Canadian populations within a one day drive making it second in the nation in the number of people accessible within one day. With 14 Interstates, Indiana ranks second in the nation for highway access. Indiana has the fourth lowest cost of living in the country Indiana ranks first in the Midwest and sixth in the nation for Best States for Business (Chief Executive, May 2015) Indiana ranks 10th in the country and best in the Midwest in the State Business Tax Climate (2015 Tax Foundation) Indiana ranks 6th in infrastructure and global access and tied with Georgia and Texas for third, in Distribution/Supply Chain Hubs. Home to the second largest rail switching yard in the nation (Elkhart Rail Yard) Indiana is home to 3 ports and ranks seventh in U.S. waterborne shipping and 15th in total foreign and domestic waterborne shipping
Doing Business in Indiana Business Cost Comparison Taxes & Factors IN IL Corporate Income Tax Rate (a) 6.0% 7.75% State Apportionment of Corporate Income Single Sales Factor Single Sales Factor Individual Income Tax Rate (a) 3.23% 3.75% Local Average Individual Income Tax Rate (b) 1.56% None Local Average & Sales Tax Rate 7.00% 8.64% Unemployment Insurance Tax Rate times State Wage Base $237.50 $447.12 Workers Compensation Premium Rate Index (Per $100 $1.05 $2.23 of payroll) Mean Hourly Wage $21.21 $27.07 Cost of Living Index 99.1 112.1 Right To Work YES No (a) The corporate income tax rate and individual income tax rate decreases are effective July 1 of each year noted. (b) The effective local income tax rate is calculated by taking the mean of the income tax rate in the most populous city and the capital city Tax Rates Decreasing Corporate Income Tax 6.0% reducing to 4.9% Indiana s corporate income tax rate is decreasing from 6.0% in 2017 to 4.9% by 2021. July 2017-6.0% July 2018-5.75% July 2019-5.5% July 2020-5.25% July 2021-4.9% Single Sales Factor Apportionment - The Indiana portion of a corporation s tax liability is based solely on the portion of the company s sales in Indiana. Individual Income Tax 3.3% to 3.23% in 2017 Individual income tax rate decreased from 3.3% to 3.23% in 2017 and beyond. Indiana Rankings FIRST Nationally for Cost of Doing Business FIRST Nationally for Infrastructure FIRST Nationally for Best Regulatory Environment FIRST in the Midwest for Low Taxes, 8th Nationally SECOND Nationally for Availability of Skilled Labor SECOND Forbes Best States for Business & Careers Regulatory Environment AAA Bond Rating Manufacturing/Logistics Indiana has about 8,500 manufacturing establishments. Manufacturing employs one in every five Hoosiers. With a GDP of $15.B, Indiana s motor vehicle manufacturing industry is the 2nd highest in the US. Indiana has received straight A s in manufacturing, tax climate, and global reach since 2008, in the nationwide Manufacturing + Logistics Report. Hammond is the 5th largest city in the State of Indiana and is located at the very Northwestern corner of the state. Hammond is part of the greater Chicago metropolitan area Driving Distances.5 miles to I-90 interchange 16 miles to I-65 interchange 6 mile to Chicago South Business District 9 miles to I-80/94 I-57 interchanges 15 miles to Chicago Loop and 20 miles to Chicago Midway Airport Right-to-work state Lower Workman s Compensation and Unemployment Insurance compared to Illinois. Property taxes significantly lower than most South Cook County municipalities.
Great Lakes Capital is a real estate private equity firm uniquely positioned to add value to real estate investments through development, redevelopment and opportunistically investing across the real estate spectrum and throughout the capital structure. We concentrate on several core asset classes, including office, industrial, retail, medical office, multifamily and other similar conforming product types as well as mixed use projects. Since 2005, our experience, long-term perspective and discipline have allowed us to grow to an asset footprint covering the expanded Midwest. In addition to heavy value add opportunities, GLC also focuses on principal equity development, growing a portfolio of properties across these same asset classes. As a market leader in new development we actively address the needs of our tenant partners in addition to speculative development meeting needs the market has not yet reacted to. Our ability to leverage experience, capitalize on breadth of market knowledge and geographic presence, allowing us to react quickly to the changing markets, positions GLC as an ideal real estate partner. for more Jeff Smoke + Managing Director 574.855.5700 jsmoke@greatlakescapital.com