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Solutions Newsletter
December 2016
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From the Desk of Bruce Bossow
Thank You
We appreciate your business through the good times and the difficult markets. Our accomplishments in helping our clients solve problems and creating investment income kept us as the top producing commercial real estate company in the Northwest Corridor.
Our sincerest compliment is when we receive referrals from existing clients to their families, friends and business associates.
Many thanks and have a Merry Christmas and a happy and prosperous New Year!
Warmest Regards,
Bruce Bossow
President
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FOR SALE
Quality Investment
125 S. Western Avenue, Carpentersville
Brand new, under construction, 2-tenant retail building with ten year leases (American Mattress and Jersey Mikes). 6.5% cap rate. Outlot of Spring Hill Mall now undergoing a $40 million renovation. Broker has interest.
$2,028,846
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FOR SALE or LEASE
1010 McHenry Avenue, Woodstock
6,556 SF masonry office/warehouse with 1,800 SF office, 12' ceilings and 2 DID's. Second building is a 4-unit heated storage facility with $24,000/yr. potential income. 1.2 acres across from Marian Central.
For Sale: $399,000
For Lease: $3,500/month (for 6,556 SF building)
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FOR SALE
Tavern with Living Quarters and Gaming
14801 Washington Street, Woodstock
Washington Street Station - Popular bar/restaurant with 3 bedroom, 2 bath, 2 story apartment. Full kitchen with hood. Outdoor beer garden with volleyball. 5 gaming machines (must apply for). 1.48 acres.
$399,000
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FOR SALE or LEASE
Professional Office Condos
820 E. Terra Cotta, Crystal Lake
3,125 SF single story masonry office condo beautifully built out with 6 private offices, 8 semi-privates, seminar/classroom and more.
For Sale: $437,500 ($140 psf)
For Lease: $16.00 psf Modified Gross
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FOR LEASE
Route 47 Exposure!
661 S. Eastwood Drive, Woodstock
1,750 SF in Centerville Plaza with 2 handicap baths. B3 zoning good for office or retail uses.
$11.50 psf Net
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SOLD
27 Acres, Three Oaks Road, Cary
Sold for $3,336,091
Bruce Kaplan represented the seller
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SOLD
206 W. Campus, Arlington Heights
Sold for $1,046,250
20,500 SF Industrial Space
Heather Schweitzer represented the Buyer
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LEASED
125 S. Western (Route 31), Carpentersville
Jersey Mike's (1,500 SF) & American Mattress (4,000 SF)
Joe Billitteri represented the Lessor
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LEASED (Ground Lease)
Route 59 & 72, Hoffman Estates
Denny's Restaurant
Joe Billitteri represented Lessee
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US Industrial Real Estate Demand Continues to Surge
by: Dustin Braden, Assistant Web Editor, JOC.com
The need to keep e-commerce inventory on hand is driving a surge in demand for US warehouse and distribution center space, which has tightened for the 26th consecutive quarter, according to real estate services firm CBRE. In a new report, CBRE said rents are expected to rise as companies add big-box distribution centers near large population clusters, and reverse-logistics facilities for processing returned merchandise. Availability nationwide declined to 8.4 percent in the third quarter.
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By: Rani Molla
U.S. commercial real estate prices have reached new highs, but the sector is a much safer place today than it was before the 2008 financial crisis. Low capitalization rates-the net operating income a property generates relative to its price-might normally keep investors away, but low borrowing costs have made potential returns from commercial real estate attractive.
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Like many business sectors, the U.S. real estate industry on Wednesday began to grapple with the unexpected economic and regulatory impact of an upcoming Trump presidency after the famous reality TV star and Manhattan real estate mogul defied pundits and pollsters to defeat Hillary Clinton and become president-elect of the United States.
click here to continue reading
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Leasing Commercial Space
By: US Small Business Administration
Leasing commercial office space is one of the largest expenses incurred by new and expanding businesses, so it is important to do your due diligence.
click here to continue reading
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LIMITED LIABILITY COMPANY AND REAL ESTATE INVESTMENT
By: Harsh Arora, Esq., Head of Litigation Division at Spiegel & Utrera, P.A.
Limited Liability Companies ("LLCs") offer a multitude of benefits to real estate investors. However, LLCs may not be the right choice for every investor as the field of real estate investing is incredibly diverse, and it requires a thorough analysis to determine if an LLC will provide both liability protection and tax efficiency for a proposed real estate venture.
Liability Protection from an LLC
As to liability protection, any lawsuit that comes against an LLC is aimed specifically at the company, not the individual responsible for it. If the real property in question was owned by an LLC, the LLC owner's risk exposure would be insulated by the protection of the company, leaving only the assets owned by the LLC as opposed to all of the owner's personal assets exposed to potential lawsuits. If properly structured, this would not put the LLC owner's personal finances in jeopardy.
Tax Efficiency with a LLC
As to the tax efficiency, real estate investors can avoid double taxation by acquiring real property through an LLC. As defined by the default tax classification rules, the Internal Revenue Service ("IRS") classifies a real estate holding company with one owner in the same way it would a sole proprietorship, otherwise more commonly referred to as a "disregarded entity." Accordingly, any income and capital gains generated by the LLC would transcend to the owner of the LLC, who, as a result, would only have to pay taxes as an individual. However, the respective LLC owner still enjoys the protection against liability. In forming an LLC, the owner is not only subjected to fewer taxes, but he or she is awarded more deductions. LLCs with more than one owner, also known as multimember LLCs, are taxed similar to that of a partnership. These multimember LLCs also enjoy the benefits of pass-through taxation as the LLC passes its profits and losses through to its owners. Each respective LLC owner is then responsible for reporting his or her share of the profits or losses on either a Schedule C, K or Form 1065 with his or her individual income tax returns.
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Premier Commercial Realty
industrial | retail | office | land
business | investment
9225 S. IL Route 31 | Lake in the Hills, IL 60156
Bruce Bossow, x 12 847-732-3462
Bruce Kaplan, x 20 847-507-1759
Heather Schweitzer, x 15 815-236-9816
Heide Casciaro, x 26 847-774-5660
Joe Billitteri, x 21 847-833-5004
Joe Heffernan, x 18 847-302-5550
Tina Kropke, CCIM, x 14 815-970-0546
Michael Williamson, CCIM, x 25 847-732-0504
Kevin Kaplan, x 13 309-261-0920
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