Crossen Sales Comps - 05.21.2019

All information is deemed reliable but not guaranteed 5/21/2019
Copyrighted report licensed to JBS Commercial Real Estate - 413143.
Page 1
301 Beinoris Dr - Lancer Manufacturing SOLD
Wood Dale, IL 60191
1 Sale on 4/25/2019 for $642,500 ($58.69/SF) - Research Complete
10,948 SF Class C Warehouse Building Built in 1980
Transaction Details ID: 4745507
Sale Date: 04/25/2019 (435 days on market) Sale Type: Owner User
Escrow Length: - Bldg Type: Warehouse
Sale Price: $642,500-Confirmed Year Built/Age: Built in 1980 Age: 39
Asking Price: $699,000 RBA: 10,948 SF
Price/SF: $58.69 Land Area: 0.70 AC (30,492 SF)
Price/AC Land Gross: $917,857.14
Percent Leased: 100.0%

Tenancy: Single
-
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Page 2
301 Beinoris Dr - Lancer Manufacturing SOLD
10,948 SF Class C Warehouse Building Built in 1980 (con't)
Current Industrial Information ID: 207300
Bldg Type: Warehouse RBA: 10,948 SF

Bldg Status: Built in 1980 % Leased: 100.0%
Rent/SF/Yr: - Stories: 1
Bldg Vacant: 0 SF Total Avail: 0 SF
Building FAR: 0.36 Warehouse Avail: 0 SF
Office Avail: 0 SF CAM -
Max Contig: - Zoning: -
Smallest Space: - Owner Type: Individual
Land Area: 0.70 AC Owner Occupied: No
Lot Dimensions: - Tenancy: Single
Ceiling Height: 13'0" Column Spacing: -

Loading Docks: 1 int (bldg. total) Levelators: -
Cross Docks: No Crane: None
Drive Ins: 2 (total) Const Type: Masonry
Sprinklers: - Rail Spots: None
Rail Line: None
Expenses: 2017 Tax @ $2.04/sf

Power: 1200a/240v
Parking: Ratio of 0.00/1,000 SF

Features: Signage
Location Information
Metro Market: Chicago
Submarket: O'Hare Ind/O'Hare Ind
County: DuPage
CBSA: Chicago-Naperville-Elgin, IL-IN-WI
CSA: Chicago-Naperville, IL-IN-WI
DMA: Chicago, IL-IN
Map(Page): Rand McNally D9
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Page 3
640-650 Bennett Dr SOLD
Elk Grove Village, IL 60007
19,800 SF Class C Manufacturing Building Built in 1971
Sale Date: 11/16/2018 (162 days on market) Sale Type: Investment

Escrow Length: - Bldg Type: Manufacturing
Price/SF: $36.62 Land Area: 1 AC (43,560 SF)

Tenancy: Multi Percent Improved: 66.0%
Sale Conditions: Deferred Maintenance Total Value Assessed: $164,746 in 2016
- Improved Value Assessed $108,745
Land Value Assessed: $56,001
Land Assessed/AC: $56,001
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No. of Tenants: 5
Tenants at time of sale: Dynalene; Homesory Of Chicago; Ink Ocean Corp.; Integrity Printing Services Inc; O'Brien Construction
LLC
Parcel No: 08-22-102-204-0000
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Transaction Notes
On November 16th, 2018 the 19,800 square foot industrial property located at 640-650 Bennett Dr in Elk Grove Village was sold for
$725,000, or $36.62 per square foot.
The seller was motivated to divest the asset because the property needed maintenance done on the driveway, roof, and HVAC system.
The buyer was interested in this property because it was fully leased at the time of sale and the tenants are on gross leases.
The information in this comp was confirmed with the listing broker.
The deed was not available at the time of publication.

Page 4
640-650 Bennett Dr SOLD
19,800 SF Class C Manufacturing Building Built in 1971 (con't)
Bldg Type: Manufacturing RBA: 19,800 SF

Max Contig: - Zoning: I-1
Smallest Space: - Owner Type: -
Land Area: 1 AC Owner Occupied: No
Lot Dimensions: - Tenancy: Multi
Ceiling Height: 15'0"-16'0" Column Spacing: -

Loading Docks: 1 int (bldg. total) Levelators: None
Drive Ins: 5/12'0"w x 14'0"h (total) Const Type: Masonry
Sprinklers: None Rail Spots: None
Rail Line: None

Power: 1200a/120-240v 3p 4w
Utilities: Gas - Natural, Heating - Gas, Sewer - City, Water - City
Parking: 20 free Surface Spaces are available; Ratio of 1.01/1,000 SF
Features: Air Conditioning
County: Cook
DMA: Chicago, IL-IN
Map(Page): Rand McNally C34
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Page 5
160 Bond St - Skild SOLD
3 Sale on 4/12/2018 - Public Record
Non-Arms Length
20,000 SF Class B Warehouse Building Built in 1964
Sale Date: 04/12/2018 Sale Type: -

Sale Price: - Year Built/Age: Built in 1964 Age: 54
Asking Price: - RBA: 20,000 SF
Price/SF: - Land Area: 0.50 AC (21,780 SF)

Tenancy: Single Percent Improved: 59.7%
Non-Market Reasons: Change in Title Vesting Total Value Assessed: $181,576 in 2016
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No. of Tenants: 1
Tenants at time of sale: Skild Machining, Inc.
Parcel No: 08-22-102-029-0000
Document No: 1815749164
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Page 6
160 Bond St - Skild SOLD
20,000 SF Class B Warehouse Building Built in 1964 (con't)

Land Area: 0.50 AC Owner Occupied: Yes
Ceiling Height: - Column Spacing: -

Loading Docks: None (bldg. total) Levelators: None
Cross Docks: - Crane: None
Rail Line: None

Features: Property Manager on Site, Signage
County: Cook
DMA: Chicago, IL-IN
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Page 7
500-520 Bonnie Ln - Packaging Machines International - Centex Industrial Park SOLD
Centex Industrial Park
4 Elk Grove Village, IL 60007
Sale on 10/26/2018 for $800,000 ($53.33/SF) - Research Complete
Sale Date: 10/26/2018 Sale Type: Owner User

Sale Price: $800,000-Full Value Year Built/Age: Built in 1973 Age: 45

- Total Value Assessed: $176,348 in 2016
Improved Value Assessed $112,308
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No. of Tenants: 2
Tenants at time of sale: Mimosa Interior Landscape; Rose Industrial Products
Financing: Down payment of $160,000.00 (20.0%)
$640,000.00 from First Bank & Trust
Parcel No: 08-27-102-058-0000
Sale History: Sold for $800,000 ($53.33/SF) on 10/26/2018
Sold for $1,080,000 ($72.00/SF) on 6/20/2007
Sold for $700,000 ($46.67/SF) on 12/23/1999
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Transaction Notes
On October 26, 2018, the 15,000 SF industrial building at 500-520 Bonnie Lane, Elk Grove, IL was sold for $800,000 or $53.33 per acre.
For additional information, please see attached.

Page 8
500-520 Bonnie Ln - Packaging Machines International - Centex Industrial Park SOLD

Max Contig: - Zoning: I2,Elk Grove Village
Lot Dimensions: 253x150 Tenancy: Multi

Loading Docks: 2 int/2 ext (bldg. total) Levelators: 2 ext
Rail Line: None
Property Mix: Industrial 12,000 SF (80.0%)

Office 3,000 SF (20.0%)
Power: 800a
Utilities: Heating - Gas
Features: Air Conditioning, Signage
Park Name: Centex Industrial Park
County: Cook
DMA: Chicago, IL-IN
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Page 9
565-595 Bonnie Ln - Triton SOLD
Triton
Sale on 3/15/2019 for $1,250,000 ($62.50/SF) - Research Complete

Sale Price: $1,250,000-Confirmed Year Built/Age: Built in 1973 Age: 46
Price/AC Land Gross: $1,262,626.26

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No. of Tenants: 1
Tenants at time of sale: Priority Messenger Svc Inc
Parcel No: 08-27-102-065-0000
Sale History: Sold for $1,250,000 ($62.50/SF) on 3/15/2019
Sold for $1,000,100 ($50.01/SF) on 5/30/2017
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Transaction Notes
On March 15, 2019, the industrial building located at 565-595 Bonnie Lane in Elk Grove Village, Illinois sold for $1,250,000. This was an
owner/user sale. The property was 100% occupied at the time of sale by Priority Logistics 10,000 square feet and another company 10,000
square feet. Priority Logistics will remain in the building leasing out 10,000 square feet with the new buyer moving their company Viola into
the other 10,000 square feet.
The subject property is 20,000 square feet.
The listing broker confirmed the details for the report.

Page 10
565-595 Bonnie Ln - Triton SOLD

Max Contig: - Zoning: Light Ind

Loading Docks: 4 ext (bldg. total) Levelators: -
Rail Line: None

Office 3,000 SF (15.0%)
Power: 200a 3p
Features: Fenced Lot, Yard
Park Name: Triton
County: Cook
DMA: Chicago, IL-IN
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Page 11
590-600 Bonnie Ln SOLD
6 Sale on 3/29/2019 for $650,000 ($65.00/SF) - Public Record
Sale Date: 03/29/2019 (316 days on market) Sale Type: Investment Or Owner User
Sale Price: $650,000 Year Built/Age: Built in 1970 Age: 49

Tenancy: Single
-
Sold for $650,000 ($65.00/SF) on 3/15/2019
Sold for $450,000 ($45.00/SF) on 2/3/1997
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Page 12

Max Contig: - Zoning: I1, Elk Grove

Cross Docks: - Crane: -
Rail Line: None

Office 3,000 SF (30.0%)
Power: 400a 3p
Features: Signage
County: Cook
DMA: Chicago, IL-IN
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Page 13


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Parcel No: 08-27-102-062-0000
Sold for $650,000 ($65.00/SF) on 3/15/2019
Sold for $450,000 ($45.00/SF) on 2/3/1997
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Page 14

Max Contig: - Zoning: I1, Elk Grove

Rail Line: None

Office 3,000 SF (30.0%)
Power: 400a 3p
Features: Signage
County: Cook
DMA: Chicago, IL-IN
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Page 15
825 Chase Ave SOLD
16,766 SF Class B Manufacturing Building Built in 1970


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No. of Tenants: 4
Tenants at time of sale: A V S Marketing; A V S Marketing Specialists Inc; Rosemont Sales Inc; TSD Manufacturing Inc
Parcel No: 08-27-303-064-0000
Sold for $530,000 ($31.61/SF) on 4/30/2003 Non-Arms Length
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Page 16
825 Chase Ave SOLD
16,766 SF Class B Manufacturing Building Built in 1970 (con't)


Loading Docks: 1 int/1 ext (bldg. total) Levelators: 1 int/1 ext
Rail Line: None

Office 4,000 SF (23.9%)
Power: 1200-1600a 3p
Features: Signage
County: Cook
DMA: Chicago, IL-IN
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Page 17
681-689 Chase Ave - Centex Industrial Park SOLD
Sale on 1/24/2019 - Public Record


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No. of Tenants: 2
Tenants at time of sale: C N Tool; Metal Bending / Welding
Parcel No: 08-27-303-069-0000
Sale History: Sold on 1/24/2019
Sold for $565,000 ($47.08/SF) on 6/6/2000
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Page 18
681-689 Chase Ave - Centex Industrial Park SOLD

Max Contig: - Zoning: I-1,ElkGroveVillage

Loading Docks: 2 ext (bldg. total) Levelators: 1 ext
Rail Line: None

Office 1,560 SF (13.0%)
Power: 600-800a/240v
Utilities: Heating - Gas, Sewer - City, Water - City
Parking: 15 Surface Spaces are available; Ratio of 1.67/1,000 SF
County: Cook
DMA: Chicago, IL-IN
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Page 19
1420 Chase Ave SOLD
10 Sale on 6/28/2018 for $1,225,000 ($73.56/SF) - Research Complete
Asking Price: $1,385,000 RBA: 16,653 SF
Price/SF: $73.56 Land Area: 1 AC (43,560 SF)

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Financing: $980,000.00 from Busey Bank
Parcel No: 08-27-402-058-0000
Sold for $1,500,000 ($90.07/SF) on 12/28/2007
Sold for $1,479,000 ($88.81/SF) on 8/30/2002
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Transaction Notes
On June 28, 2018, the 16,653 SF industrial space at 1420 Chase Ave Elk Grove Village, IL was sold for $1,225,000 or $73.56 per SF. This
was and owner user sale and the new tenant is Bc International Group.
This property was on the market for two years with an initial asking price of $1,385,000. Joel Friedland of Brit Properties, the owner, sold the
property himself. There was no representation on the buyer side.
See attached deed for additional details.

Page 20
1420 Chase Ave SOLD

Max Contig: - Zoning: I2,Elk Grove Village
Smallest Space: - Owner Type: Other - Private
Land Area: 1 AC Owner Occupied: No
Lot Dimensions: 287x122 Tenancy: Single
Ceiling Height: 18'0" Column Spacing: 36'w x 33'd

Sprinklers: Yes Rail Spots: None
Rail Line: None

Power: 400-800a/120-240v 3p
Utilities: Sewer - City, Water - City
Features: Bio-Tech/ Lab Space
County: Cook
DMA: Chicago, IL-IN
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Page 21
1825 Estes Ave SOLD
Escrow Length: 60 days Bldg Type: Manufacturing

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Parcel No: 08-35-103-016-0000
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Transaction Notes
On March 20th, 2019 the 19,200 square foot industrial property located at 1825 Estes Ave in Elk Grove Village, IL was sold for $1,125,000,
or $58.59 per square foot. The property was delivered in 1965, sits on 1.07 acres, and has 25 parking spaces.
The property was on the market for approximately eight months and then went under contract for 60 days before closing.
The seller was motivated to divest this asset as they had sold their business.
The buyer was motivated to purchase this property as they have a location across the street and were looking for more space.
The information in this comp was confirmed with the listing and buyer broker.

Page 22
1825 Estes Ave SOLD

Max Contig: - Zoning: Industrial
Smallest Space: - Owner Type: Corporate/User

Cross Docks: - Crane: 2/5-20 tons 16'6"Hk
Rail Line: None
Property Mix: Office 1,100 SF (5.7%)

Expenses: 2017 Tax @ $1.77/sf, 2012 Est Tax @ $1.61/sf
Power: 800-1200a/240-480v 3p
County: Cook
DMA: Chicago, IL-IN
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Page 23
2301 Estes Ave - Marathon Technologies SOLD

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No. of Tenants: 1
Tenants at time of sale: Advanced Precision Manufacturing
Parcel No: 08-35-203-022-0000
Sold on 5/31/2018
Sold for $821,000 ($43.59/SF) on 8/1/2003
Sold for $1,150,000 ($61.06/SF) on 1/19/2001
Sold for $1,050,000 ($55.75/SF) on 7/10/2000
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Page 24


Loading Docks: 2 ext (bldg. total) Levelators: None
Sprinklers: Wet Rail Spots: None
Rail Line: None

Power: 1600a 3p

County: Cook
DMA: Chicago, IL-IN
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Page 25


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No. of Tenants: 1
Tenants at time of sale: Advanced Precision Manufacturing
Parcel No: 08-35-203-022-0000
Sold on 5/31/2018
Sold for $821,000 ($43.59/SF) on 8/1/2003
Sold for $1,150,000 ($61.06/SF) on 1/19/2001
Sold for $1,050,000 ($55.75/SF) on 7/10/2000
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Page 26


Rail Line: None

Power: 1600a 3p

County: Cook
DMA: Chicago, IL-IN
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Page 27
789-791 Golf Ln SOLD
Bensenville, IL 60106


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No. of Tenants: 2
Tenants at time of sale: Ecoturf Midwest; G.A.I.M Engineering, Inc.
Parcel No: 03-11-314-011
Document No: R18-102711
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Page 28
789-791 Golf Ln SOLD

Max Contig: - Zoning: I

Rail Line: None

Power: 400-1000a
Parking: Free Surface Spaces; Ratio of 1.00/1,000 SF
County: DuPage
DMA: Chicago, IL-IN
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Page 29
1140-1156 E Green St SOLD
Franklin Park, IL 60131
14,500 SF Class C Warehouse Building

Sale Price: $435,000-Confirmed Year Built/Age: -

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No. of Tenants: 2
Tenants at time of sale: Marble & Ganite; Who's
Parcel No: 12-19-100-028-0000
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Page 30
1140-1156 E Green St SOLD
14,500 SF Class C Warehouse Building (con't)

Bldg Status: Existing % Leased: 100.0%
Max Contig: - Zoning: i-4

Rail Line: None
Expenses: 2017 Tax @ $2.30/sf; 2015 Ops @ $1.35/sf

Power: 200-800v 3p

Features: Signage
County: Cook
DMA: Chicago, IL-IN
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Page 31
1330 Howard St - Centex Industrial Park SOLD
Sale on 3/1/2018 - Public Record
Non-Arms Length


Non-Market Reasons: Unknown Reason Total Value Assessed: $109,250 in 2016
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No. of Tenants: 1
Tenants at time of sale: Wunderlich Diamond Tool Corp.
Parcel No: 08-27-202-035-0000
Sale History: Sold on 3/1/2018 Non-Arms Length
Sold for $400,000 ($40.00/SF) on 10/7/1999
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Page 32
1330 Howard St - Centex Industrial Park SOLD

Max Contig: - Zoning: I-1, Elk Grove

Drive Ins: 2 (total) Const Type: -
Rail Line: None

Office 3,000 SF (30.0%)
Power: 225a/480v
County: Cook
DMA: Chicago, IL-IN
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Page 33
1007 Industrial Dr SOLD
Non-Arms Length


Non-Market Reasons: Unknown Reason Total Value Assessed: $479,010 in 2016
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No. of Tenants: 1
Tenants at time of sale: BRIERGATE TOOL
Parcel No: 03-11-100-016
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Page 34


Loading Docks: Yes (bldg. total) Levelators: 1 ext
Cross Docks: No Crane: -
Rail Line: None

Office 1,200 SF (9.3%)
Utilities: Sewer - City, Water - City

Parking: Free Surface Spaces; Ratio of 1.00/1,000 SF
County: DuPage
DMA: Chicago, IL-IN
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Page 35
Sale Date: 10/05/2018 Sale Type: Investment

Escrow Length: 60 days Bldg Type: Warehouse

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No. of Tenants: 2
Tenants at time of sale: Performance Mailer Inc.; Studio Color
Parcel No: 03-11-102-035
Sold for $0 on 3/5/2009 Non-Arms Length
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Transaction Notes
On 10/5/2018, the 10,500 SF industrial building at 1140 Industrial Drive in Bensenville, IL was sold for $810,000 or $77.14 per SF. The
building sits on a .64 acre parcel and completed construction in 1977.
The property was in escrow for approximately 60 days. This was an off-market transaction. The owner is currently in 2,500 SF of the
building and he said he purchased it as an investment.
The buyer was not able to be reached.
The details of this comp were verified with Rafal Koziol of 1140 Industrial Drive LLC.

Page 36


Sprinklers: - Rail Spots: -
Rail Line: None

Power: 200a/240v
Features: Signage
County: DuPage
DMA: Chicago, IL-IN
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Page 37
261 King St - Centex Industrial Park SOLD
Sale on 3/5/2019 for $1,140,235 ($76.02/SF) - Research Complete

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No. of Tenants: 1
Tenants at time of sale: Cousins Food
Parcel No: 08-22-102-184-0000
Sold for $1,000,000 ($66.67/SF) on 3/5/2015
Sold for $1,120,000 ($74.67/SF) on 4/27/2007
Sold for $1,140,000 ($76.00/SF) on 4/27/2007
Sold on 1/13/1998 Non-Arms Length
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Transaction Notes
On 3/5/19 the 15000 sf food plant at 261 King St was sold for a confirmed price of 1,140,235 or 76.02 a sf. This price and date was
confirmed by both listing and buyer broker who worked the deal, they both also confirmed the buyer and the seller, and mentioned the new
owners intentions to use this facility as apart of their business operations.Both sides made note of a straight forward process and deal.

Page 38
261 King St - Centex Industrial Park SOLD

Max Contig: - Zoning: I-1

Rail Line: None

Office 3,200 SF (21.3%)
Expenses: 2017 Tax @ $3.27/sf, 2000 Est Tax @ $2.46/sf; 2006 Ops @ $0.56/sf
Power: 600-800a/240-480v
Features: Cooler, Freezer (Space)
County: Cook
DMA: Chicago, IL-IN
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Page 39
1451 Landmeier Rd SOLD
Sale Date: 06/26/2018 Sale Type: Investment


Actual Cap Rate: 15.00% Total Value Assessed: $168,688 in 2016
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No. of Tenants: 10
Tenants at time of sale: Acino & Sons Decorating, Inc.; First Choice Group; Joseph Jindoyan; L & N Heating & Air Conditioning Inc;
Orange Painting; Prime Building Svc; Qualisco Tool LTD; Quantum Precision Products, LLC; Scheck
Enterprises Inc; Tag Electronics
Parcel No: 08-27-402-044-0000
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Transaction Notes
On June 26, 2018, the 16,000 square foot industrial building at 1451 Landmeier Rd, Elk Grove Village, IL 60007 was sold for $975,000 or
$60.94 per square foot as a cash deal. The Class C property was sold with over 75% occupancy at the time of sale.
The seller was motivated to divest in the property for capital. The buyer was attracted to the property because of expansion.
The net operating income was reported to be $170,000, yielding an actual cap rate of 17.4 percent.
The sale date, sale price, cap rate, occupancy, sale type, representation, buyer, seller, financing, and motivations were confirmed by buyer,
seller, and public records.

Page 40
1451 Landmeier Rd SOLD


Rail Line: None

Power: 3p
Utilities: Heating, Lighting
Features: Signage
Cross Street: Busse Rd.
County: Cook
DMA: Chicago, IL-IN
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Page 41
950 Lee St SOLD

Price/SF: -

Land Assessed/AC: -
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Parcel No: 08-22-102-148-0000
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Page 42
950 Lee St SOLD

Building FAR: Warehouse Avail: 0 SF
Land Area: - Owner Occupied: No

Rail Line: None

Features: Signage
Cross Street: Criss Circle
County: Cook
DMA: Chicago, IL-IN
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Page 43
425-427 Lively Blvd SOLD
Sale Date: 05/14/2019 (230 days on market) Sale Type: Investment Or Owner User

Tenancy: Multi
-
No. of Tenants: 2
Tenants at time of sale: Rayno Window Films; Rayno Window Flm
Sold for $450,000 ($45.00/SF) on 4/13/2015
Sold for $612,000 ($61.20/SF) on 9/3/2004
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Page 44
425-427 Lively Blvd SOLD

Max Contig: - Zoning: I-1, Elk Grove Villa

Drive Ins: - Const Type: Masonry
Rail Line: None

Office 2,500 SF (25.0%)

Features: Air Conditioning, Property Manager on Site
County: Cook
DMA: Chicago, IL-IN
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Page 45
1515 Louis Ave SOLD


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No. of Tenants: 1
Tenants at time of sale: System II Transportation Inc
Parcel No: 08-27-401-032-0000
Sold for $575,000 ($36.02/SF) on 12/13/2018
Sold for $1,331,500 ($83.40/SF) on 10/18/2006
Sold for $686,670 ($43.01/SF) on 3/10/2003
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Page 46
1515 Louis Ave SOLD

Max Contig: - Zoning: I2, Elk Grove Vllg
Smallest Space: - Owner Type: Developer/Owner-RGNL

Loading Docks: 2 int (bldg. total) Levelators: 2 int
Rail Line: None

Power: 1200a/220v
County: Cook
DMA: Chicago, IL-IN
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Page 47
1515 Louis Ave SOLD
Non-Arms Length


Non-Market Reasons: Foreclosure Total Value Assessed: $128,713 in 2016
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No. of Tenants: 1
Parcel No: 08-27-401-032-0000
Sold for $575,000 ($36.02/SF) on 12/13/2018
Sold for $1,331,500 ($83.40/SF) on 10/18/2006
Sold for $686,670 ($43.01/SF) on 3/10/2003
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Page 48
1515 Louis Ave SOLD


Rail Line: None

Power: 1200a/220v
County: Cook
DMA: Chicago, IL-IN
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Page 49
1515 Louis Ave SOLD


Tenancy: Single
Sale Conditions: Auction Sale
-
No. of Tenants: 1
Sold for $575,000 ($36.02/SF) on 12/13/2018
Sold for $1,331,500 ($83.40/SF) on 10/18/2006
Sold for $686,670 ($43.01/SF) on 3/10/2003
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Page 50
1515 Louis Ave SOLD


Rail Line: None

Power: 1200a/220v
County: Cook
DMA: Chicago, IL-IN
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Page 51
200 Martin Ln - Mayfair Industrial Park SOLD

Sale Price: $515,000-Full Value Year Built/Age: Built in 1975 Age: 44

Tenancy: Multi
Sale Conditions: Auction Sale
-
No. of Tenants: 3
Tenants at time of sale: Lion Inc.; SMI IL, Inc.; Universal Hydraulic Svc & Rpr
Sold for $1,100,000 ($73.28/SF) on 10/18/2006
Sold for $675,000 ($44.97/SF) on 9/10/2003
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Transaction Notes
On 1/10/2019 the 15,010 SF Industrial Building at 200 Martin Ln in Elk Grove Village, IL was sold for $515,000 or $34.31 per square foot.
This deal was part of an auction sale.
Adam Johnson and Art Burrows of NAI Hiffman listed the property prior to auction for the sellers. They were able to verify the size of the
building and the sale date.
Neither the buyer nor the seller was available at the time of this publication.

Page 52
200 Martin Ln - Mayfair Industrial Park SOLD

Bldg Status: Built in 1975 % Leased: -
Rent/SF/Yr: For Sale Only Stories: 1
Bldg Vacant: 15,010 SF Total Avail: 15,010 SF
Building FAR: 0.46 Warehouse Avail: 15,010 SF
Max Contig: 15,010 SF Zoning: I-2, Elk Grove
Smallest Space: 15,010 SF Owner Type: Corporate/User

Sprinklers: None Rail Spots: -
Rail Line: None

Office 1,772 SF (11.8%)
Expenses: 2018 Tax @ $2.40/sf, 2013 Est Tax @ $1.72/sf; 2018 Ops @ $1.71/sf, 2013 Est Ops @ $1.71/sf
Power: 1000a/240v
Utilities: Gas
County: Cook
DMA: Chicago, IL-IN
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Page 53
316 Meyer Rd SOLD


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No. of Tenants: 2
Tenants at time of sale: Chicago Cabinet & Fixture Co; Federal Engineering Corp.
Parcel No: 03-11-403-015
Sold for $505,000 ($43.91/SF) on 6/8/2005
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Page 54
316 Meyer Rd SOLD

Max Contig: - Zoning: I-2, Bensenville

Rail Line: None

Office 1,150 SF (10.0%)
Power: 1200a
Features: Air Conditioning, Buss Ducts, Floor Drains
County: DuPage
DMA: Chicago, IL-IN
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Page 55
825 Nicholas Blvd - Centex Industrial Park SOLD
Sale on 6/22/2018 for $600,000 ($60.00/SF) - Public Record

Tenancy: Single
-
Sold for $573,000 ($57.30/SF) on 1/14/2005
Portfolio sale of 2 properties sold for $787,500 ($39.38/SF) on 11/1/2001
Sold for $850,000 ($85.00/SF) on 11/20/2000
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Page 56
825 Nicholas Blvd - Centex Industrial Park SOLD

Max Contig: - Zoning: I-1, Elk Grove Villa

Drive Ins: None (total) Const Type: -
Rail Line: None

Power: 800a

Features: Property Manager on Site
County: Cook
DMA: Chicago, IL-IN
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Page 57
1244-1256 Rand Rd SOLD
Des Plaines, IL 60016
Non-Arms Length


Non-Market Reasons: Foreclosure Total Value Assessed: $303,276 in 2016
Spacer
No. of Tenants: 3
Tenants at time of sale: Del Sol Auto Sales; International Auto Mart Inc; Running Motors USA Inc
Parcel No: 09-17-200-111-0000
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Page 58
1244-1256 Rand Rd SOLD


Sprinklers: - Rail Spots: -
Rail Line: None
Parking: 50 free Surface Spaces are available

Features: Fenced Lot, Signage
County: Cook
DMA: Chicago, IL-IN
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Page 59
345 Scott St - Door Systems UNDER
30
Elk Grove Village, IL 60007 CONTRACT
15,000 SF Food Processing Building Built in 1966
Property is for sale at $1,225,000 ($81.67/SF)
For Sale Data
Asking Price: $1,225,000 Sale Type: Owner User

Price/SF: $81.67 Bldg Status: Built in 1966
Days on Market: 111 RBA: 15,000 SF
Sale Status: Under Contract
Percent Leased: 100.0% (15,000 SF Avail)
Tenancy: Single
Parcel No: 08-22-102-173-0000, 08-22-102-174-0000

Spacer
Transaction Notes
PLEASE DO NOT BOTHER EMPLOYEES, MUST GO THROUGH LISTING AGENT!

15,000 SF manufacturing building with 800 amp and 1200 amps of electric, 10 ton crane, Walk in coolers. 50,336 SF fenced in parking. Two
interior docks with lifts and one drive-in door. 2,244 SF of Office space. 14' Clearance in Building. Building is Sprinklered. Great location to
access all expressways within minutes
Please do not DISCUSS WITH ANY EMPLOYEES AT ANY TIME.
Call listing agent with any questions.
Two PIN #'s 08-22-102-173-0000 & 08-22-102-174-0000

Page 60
345 Scott St - Door Systems UNDER
Property is for sale at $1,225,000 ($81.67/SF) (con't) CONTRACT
Bldg Type: Food Processing RBA: 15,000 SF

Rent/SF/Yr: For Sale Only Stories: 1
Bldg Vacant: 0 SF Total Avail: 15,000 SF
Building FAR: 0.26 Warehouse Avail: 15,000 SF
Max Contig: 15,000 SF Zoning: I-1
Smallest Space: 15,000 SF Owner Type: Individual

Loading Docks: 1 int/2 ext (bldg. total) Levelators: -
Cross Docks: - Crane: 1/5 tons
Rail Line: None

Power: 800-1200a

Features: Cooler, Fenced Lot, Floor Drains, Security System, Signage
County: Cook
DMA: Chicago, IL-IN
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Page 61
800-820 Touhy Ave SOLD


Spacer
No. of Tenants: 3
Tenants at time of sale: Earth Stone Gallery; Gage Manufacturing Inc; Hanlon Equipment Co
Parcel No: 08-27-303-073-0000
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Page 62
800-820 Touhy Ave SOLD

Max Contig: - Zoning: I2

Rail Line: None

Power: 200a/120-240v
Utilities: Gas, Heating
County: Cook
DMA: Chicago, IL-IN
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Page 63
1951 Touhy Ave - Tri-Stone Imports SOLD

Sale Conditions: High Vacancy Property Total Value Assessed: $194,100 in 2016
Spacer
No. of Tenants: 1
Tenants at time of sale: Angles on Design, Inc.
Parcel No: 08-35-102-050-0000
Spacer
Transaction Notes
On August 31st, 2018, the 18,300 square foot industrial property at 1951 Touhy Ave was sold for $1,175,000, or $64.21 per square foot. The
property was delivered in 1989, has 25 parking spaces, and sits on 0.83 acres.
The property was on the market for approximately one year and two months before going under contract for 45 days before closing.
The buyer was attracted to this property to be able to use it for their own business.
The information in this comp was confirmed with the listing and buyer brokers.

Page 64
1951 Touhy Ave - Tri-Stone Imports SOLD


Loading Docks: 1 int (bldg. total) Levelators: None
Rail Line: None

Office 3,000 SF (16.4%)
Power: 200a/220v
County: Cook
DMA: Chicago, IL-IN
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Page 65
2671 United Ln SOLD
15,970 SF Class C Manufacturing Building Built in 1971, Renov 1975

Sale Price: $775,000-Confirmed Year Built/Age: Built in 1971, Renov 1975 Age: 47

Sale Conditions: Deferred Maintenance Total Value Assessed: $205,790 in 2017
Spacer
No. of Tenants: 1
Tenants at time of sale: Coatings Applications, Inc
Parcel No: 03-02-201-008
Portfolio sale of 21 properties sold for $87,015,000 ($36.96/SF) on 9/28/2017
Sold for $652,500 ($40.86/SF) on 4/22/2005
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Transaction Notes
On 9/20/2018 the 14,619sf industrial building at 2671 United Ln, Elk Grove Villiage IL sold for $775,000 or $53.01 per sf. The building is
situated on .66 acres of I-2 zoned land. The industrial building consists of about 8.18% office space.
The property was in escrow for about 45 days. This was a cash transaction and was slightly discounted due to some deffered maintenance
on the proeprty.
Both the buyer broker and seller brokers confirmed the information in this report.

Page 66
2671 United Ln SOLD
15,970 SF Class C Manufacturing Building Built in 1971, Renov 1975 (con't)

Bldg Status: Built in 1971, Renov 1975 % Leased: 8.5%
Rent/SF/Yr: $6.95 Stories: 1
Bldg Vacant: 14,619 SF Total Avail: 14,619 SF
Building FAR: 0.56 Warehouse Avail: 14,619 SF/1,351 ofc
Max Contig: 14,619 SF Zoning: I-2, Elk Grove Villa
Smallest Space: 14,619 SF Owner Type: Individual

Cross Docks: - Crane: 1/10 tons
Rail Line: None

Office 1,190 SF (8.2%)
Power: 1200a/240v 3p

County: DuPage
DMA: Chicago, IL-IN
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Page 67
201-207 William St - White Pines Cntr Bus/Ind SOLD
White Pines Cntr Bus/Ind
34 Bensenville, IL 60106
Sale on 8/16/2018 for $775,000 ($50.57/SF) - Research Complete


Spacer
No. of Tenants: 1
Tenants at time of sale: Omega Printing Incorporated
$577,500.00 from Cornerstone National Bank & Trust Company
Parcel No: 03-26-201-024
Spacer
Transaction Notes
On August 16, 2018, the15,326 square foot retail building at 201-207 William Street, Bensenville, IL 60106 was sold for $775,000 or $50.57
per square foot.
The seller was motivated to divest the property because of cash flow. The buyer's attraction is unknown.
The sale price, sale date, sale type, buyer, seller, representations, financials, square footage, and motivations were verified by seller and
public record.

Page 68
201-207 William St - White Pines Cntr Bus/Ind SOLD


Rail Line: None

Office 1,839 SF (12.0%)
Power: Heavy
Park Name: White Pines Cntr Bus/Ind
County: DuPage
DMA: Chicago, IL-IN
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Page 69
Quick Stats Report
Comps Statistics
Low Average Median High Count
Price
For Sale & UC/Pending $1,225,000 $1,225,000 $1,225,000 $1,225,000 1
Sold Transactions $435,000 $807,415 $750,000 $1,250,000 22
RBA
For Sale & UC/Pending 15,000 SF 15,000 SF 15,000 SF 15,000 SF 1
Sold Transactions 10,000 SF 14,867 SF 15,326 SF 20,000 SF 33
Price per SF
For Sale & UC/Pending $81.67 $81.67 $81.67 $81.67 1
Sold Transactions $26.36 $54.14 $58.64 $77.14 22
Actual Cap Rate
For Sale & UC/Pending - - - - -
Sold Transactions 15.00% 15.00% 15.00% 15.00% 1
Days on Market
For Sale & UC/Pending 111 111 111 111 1
Sold Transactions 73 280 227 635 12
Sale Price to Asking Price Ratio
Sold Transactions 72.57% 91.25% 92.11% 102.27% 8
Totals
For Sale & UC/Pending Asking Price Total: $1,225,000 Total For Sale Transactions: 1
Sold Transactions Total Sales Volume: $17,763,124 Total Sales Transactions: 33
Total Included in Analysis: $18,988,124 Total Included in Analysis: 34
Survey Criteria
basic criteria: Type of Property - Industrial, Flex; Property Size - 10,000 - 20,000 SF; Sale Date - from
1/1/2018; Sale Status - Under Contract/Pending, Sold; - Exclude All Condo Sales; - Exclude All Bulk
Portfolio Sales; Return and Search on Portfolio Sales as Individual Properties - Yes; - Exclude All Multiple
Property Sales; - Exclude All Business Park Sales
geography criteria: Submarket - O'Hare Ind (Chicago)
additional criteria: - * This result set has been amended with criteria to add and/or remove records.

Page 70
Trend Report
Dollar Volume # of Transactions
Cap Rate Average Price Per SF
Report Time Frame: 1/1/2018 - 5/21/2019

Legend: Sale Date: from 1/1/2018
Sold For Sale &
Transactions UC/Pending
Current Survey
Number of Transactions 33 1
Sold Transactions
Total Dollar Volume $17,763,124 $1,225,000
Total Bldg Square Feet 490,626 15,000
Total Land in Acres 27.10 1.30
Total Land in SF 1,180,476 56,628
Average Price $807,415 $1,225,000
Average Number of SF 14,867 15,000
Time Interval - Quarterly Average Price Per Bldg SF $54.14 $81.67
Median Price Per SF $58.64 $81.67
Average Number of Acres 0.85 1.30
Average Number of SF(Land) 36,890 56,628
Average Price Per Unit - -
Median Price Per Unit - -
Average Number of Units - -
Actual Cap Rate 15.00% -
Survey Criteria
basic criteria: Type of Property - Industrial, Flex; Property Size - 10,000 - 20,000 SF; Sale Date - from
1/1/2018; Sale Status - Under Contract/Pending, Sold; - Exclude All Condo Sales; - Exclude All Bulk
Portfolio Sales; Return and Search on Portfolio Sales as Individual Properties - Yes; - Exclude All Multiple
Property Sales; - Exclude All Business Park Sales
geography criteria: Submarket - O'Hare Ind (Chicago)
additional criteria: - * This result set has been amended with criteria to add and/or remove records.

Page 71
Trend Report
1Q18 01/1-3/31/18
1Q18 01/1-3/31/18 2Q18 04/1-6/30/18
2Q18 04/1-6/30/18
Sold Transaction For Sale & UC/Pending Sold Transaction For Sale & UC/Pending
Number of Transactions 3 0 8 0
Total Dollar Volume $701,600 $0 $3,242,000 $0
Total Bldg Square Feet 37,315 0 126,308 0
Total Land in Acres 2.53 - 6.70 -
Total Land in SF 110,207 - 291,852 -
Average Price $701,600 - $810,500 -
Average Number of SF 12,438 0 15,789 0
Average Price Per Bldg SF $61.01 - $54.56 -
Median Price Per SF $61.01 - $60.47 -
Average Number of Acres 0.84 - 0.96 -
Average Number of SF(Land) 36,736 - 41,693 -
Average Price Per Unit - - - -
Median Price Per Unit - - - -
Average Number of Units - - - -
Actual Cap Rate - - 15.00% -
3Q18 07/1-9/30/18
3Q18 07/1-9/30/18 4Q18 10/1-12/31/18
4Q18 10/1-12/31/18
Total Dollar Volume $3,160,000 $0 $4,686,789 $0
Total Bldg Square Feet 80,061 0 124,784 0
Total Land in Acres 3.98 - 7.13 -
Total Land in SF 173,369 - 310,583 -
Average Price $790,000 - $781,132 -
Average Number of SF 16,012 0 15,598 0
Average Price Per Bldg SF $49.30 - $50.45 -
Median Price Per SF $49.55 - $53.82 -
Average Number of Acres 0.80 - 0.89 -
Average Number of SF(Land) 34,674 - 38,823 -
Actual Cap Rate - - - -
1Q19 01/1-3/31/19
1Q19 01/1-3/31/19 2Q19 04/1-6/30/19
2Q19 04/1-5/21/19
Total Dollar Volume $5,330,235 $0 $642,500 $1,225,000
Total Bldg Square Feet 101,210 0 20,948 15,000
Total Land in Acres 5.78 - 0.98 1.30
Total Land in SF 251,777 - 42,689 56,628
Average Price $888,372 - $642,500 $1,225,000
Average Number of SF 14,459 0 10,474 15,000
Average Price Per Bldg SF $59.75 - $58.69 $81.67
Median Price Per SF $63.75 - $58.69 $81.67
Average Number of Acres 0.83 - 0.49 1.30
Average Number of SF(Land) 35,968 - 21,344 56,628
Actual Cap Rate - - - -

Page 72

Crossen Sales Comps - 05.21.2019

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All information is deemed reliable but not guaranteed 5/21/2019

Copyrighted report licensed to JBS Commercial Real Estate - 413143.

Transaction Details ID: 4745507

Percent Leased: 100.0%

All information is deemed reliable but not guaranteed 5/21/2019

Current Industrial Information ID: 207300

Bldg Type: Warehouse RBA: 10,948 SF

Ceiling Height: 13'0" Column Spacing: -

Expenses: 2017 Tax @ $2.04/sf

Parking: Ratio of 0.00/1,000 SF

All information is deemed reliable but not guaranteed 5/21/2019

Transaction Details ID: 4582220

Sale Date: 11/16/2018 (162 days on market) Sale Type: Investment

Percent Leased: 100.0%

The deed was not available at the time of publication.

All information is deemed reliable but not guaranteed 5/21/2019

Current Industrial Information ID: 150044

Bldg Type: Manufacturing RBA: 19,800 SF

Ceiling Height: 15'0"-16'0" Column Spacing: -

Expenses: 2017 Tax @ $2.27/sf

All information is deemed reliable but not guaranteed 5/21/2019

Transaction Details ID: 4299945

Sale Date: 04/12/2018 Sale Type: -

Percent Leased: 100.0%

All information is deemed reliable but not guaranteed 5/21/2019

Current Industrial Information ID: 152776

Bldg Type: Warehouse RBA: 20,000 SF

Ceiling Height: - Column Spacing: -

Expenses: 2017 Tax @ $2.47/sf

Parking: 60 free Surface Spaces are available; Ratio of 1.00/1,000 SF

All information is deemed reliable but not guaranteed 5/21/2019

Transaction Details ID: 4576479

Sale Date: 10/26/2018 Sale Type: Owner User

Percent Leased: 100.0%

For additional information, please see attached.

All information is deemed reliable but not guaranteed 5/21/2019

Current Industrial Information ID: 147946

Bldg Type: Warehouse RBA: 15,000 SF

Ceiling Height: 14'0" Column Spacing: -

Property Mix: Industrial 12,000 SF (80.0%)

All information is deemed reliable but not guaranteed 5/21/2019

Transaction Details ID: 4719906

Sale Date: 03/15/2019 Sale Type: Owner User

Percent Leased: 100.0%

The subject property is 20,000 square feet.

The listing broker confirmed the details for the report.

All information is deemed reliable but not guaranteed 5/21/2019

Current Industrial Information ID: 150171

Bldg Type: Warehouse RBA: 20,000 SF

Ceiling Height: 14'0" Column Spacing: -

Property Mix: Industrial 17,000 SF (85.0%)

All information is deemed reliable but not guaranteed 5/21/2019

Transaction Details ID: 4715776

Percent Leased: 100.0%

All information is deemed reliable but not guaranteed 5/21/2019

Current Industrial Information ID: 152665

Bldg Type: Warehouse RBA: 10,000 SF

Ceiling Height: 14'0" Column Spacing: -

Property Mix: Industrial 7,000 SF (70.0%)

All information is deemed reliable but not guaranteed 5/21/2019

Transaction Details ID: 4740609

Sale Date: 03/15/2019 Sale Type: -

Percent Leased: 100.0%

All information is deemed reliable but not guaranteed 5/21/2019