Investment Property Offering$10,900,000                       CROSSROADS OF JANESVILLE                                    ...
All materials and information received or derived from Sperry Van Ness/Sentinel RealtyAdvisors, Inc. (Thomas S. Vincent)(h...
Table of Contents         1                                        Financial Analysis                                     ...
1 . Financial AnalysisAll Sperry Van Ness® Offices Independently Owned and Operated.
CROSSROADS OF JANESVILLE                                                 Executive Summary                                ...
Investment InformationCROSSROADS OF JANESVILLE                                     3023 Milton Avenue Janesville, WI 53545...
Financial SummaryEstimated Annualized Operating Data                                ActualScheduled Income                ...
w w w .s vn .c o mRent Roll Summary Tenant Name                  Occupied     Vacant        Annual     Occupied         Va...
2 . Additional InformationAll Sperry Van Ness® Offices Independently Owned and Operated.
Confidentiality AgreementTo: Tom Vincent    Sperry Van Ness/Sentinel Realty Advisors, Inc.This Confidentiality Agreement i...
Hobby LobbySlumberland FurnitureThe information listed above has been obtained from sources we believe to be reliable, how...
Slumberland FurnitureAnytime Fitness       The information listed above has been obtained from sources we believe to be re...
Dollar TreeMonument Sign view to Target       The information listed above has been obtained from sources we believe to be...
w w w .s vn .c o m  Location Map                     The information listed above has been obtained from sources we believ...
CROSSROADS OF JANESVILLE                              TENANT INFORMATIONHobby LobbyHobby Lobby was founded by David Green ...
The facilities are open 24/7 and most locations have 24 hour tanning salons with nocharge.Information on the chain’s websi...
The franchisee for the facility in the Crossroads of Janesville and several other storelocations is LA Creations, Inc. Sco...
Confidentiality AgreementTo: Tom Vincent    Sperry Van Ness/Sentinel Realty Advisors, Inc.This Confidentiality Agreement i...
Janesville Area InformationJanesville is a moderately sized city with a population of 61,310 located on the Rock River in ...
Retail within 1 mile of subject
Retail within 1 mile of subject
3023 Milton Ave, Janesville
3 . Advisor ProfileAll Sperry Van Ness® Offices Independently Owned and Operated.
Thomas Vincent, CCIM              AdvisorsSp e r r y Va n N e s s Ad v is o r s                                 Tom Vincen...
Jeff Jansen, CCIM                 AdvisorsSp e r r y Van N e s s Ad v is o r s                                 Jeff Jansen...
Dan Roseliep, CPM              AdvisorsSp e r r y Va n N e s s Ad v is o r s                                     Daniel G....
Crossroads janesville brochure
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Crossroads janesville brochure

  1. 1. Investment Property Offering$10,900,000 CROSSROADS OF JANESVILLE 3023 Milton Avenue, Janesville, WI 53545 Presented By: Thomas Vincent, Offering Highlights CCIM Prime Retail Strip 95% Leased/High 1803 Hicks Rd., Suite D Rolling Meadows, IL 60008 traffic counts (847)963-1031 vincentt@svn.com 7 to 10 year lease terms, 6 to 9 years remaining Jeff Jansen, CCIM 6680 Odana Rd, Suite 201 11,200 s.f. expansion approved / Outlot Madison, WI 53719 available (608)821-1401 jeff.jansen@svn.com Interest only financing- 10% cash on cash return 01/13/2011 All Sperry Van Ness® Offices Independently Owned and Operated.
  2. 2. All materials and information received or derived from Sperry Van Ness/Sentinel RealtyAdvisors, Inc. (Thomas S. Vincent)(hereinafter collectively “Sperry Van Ness”), its directors,officers, agents, advisors, affiliates and/or any third party sources are provided withoutrepresentation or warranty by Sperry Van Ness its directors, officers, agents, advisors, oraffiliates as to completeness , veracity, or accuracy, condition of the property, compliance orlack of compliance with applicable governmental requirements, developability or suitability,financial performance of the property, projected financial performance of the property for anyparty’s intended use or any and all other matters.Neither Sperry Van Ness its directors, officers, agents, advisors, or affiliates makes anyrepresentation or warranty, express or implied, as to accuracy or completeness of the anymaterials or information provided, derived, or received.Materials and information from any source, whether written or verbal, that may be furnished forreview are not a substitute for a party’s active conduct of its own due diligence to determinethese and other matters of significance to such party. Sperry Van Ness will not investigate orverify any such matters or conduct due diligence for a party unless otherwise agreed in writing.EACH PARTY SHALL CONDUCT ITS OWN INDEPENDENT INVESTIGATION AND DUEDILIGENCE.Any party contemplating or under contract or in escrow for a transaction is urged to verify allinformation and to conduct their own inspections and investigations including throughappropriate third party independent professionals selected by such party.All financial data should be verified by the party including by obtaining and reading applicabledocuments and reports and consulting appropriate independent professionals. Sperry Van Nessmakes no warranties and/or representations regarding the veracity, completeness, or relevanceof any financial data or assumptions. Sperry Van Ness does not serve as a financial advisor toany party regarding any proposed transaction. All data and assumptions regarding financialperformance, including that used for financial modeling purposes, may differ from actual data orperformance. Any estimates of market rents and/or projected rents that may be provided to a party do notnecessarily mean that rents can be established at or increased to that level. Parties mustevaluate any applicable contractual and governmental limitations as well as market conditions,vacancy factors and other issues in order to determine rents from or for the property.Legal questions should be discussed by the party with an attorney. Tax questions should bediscussed by the party with a certified public accountant or tax attorney. Title questions shouldbe discussed by the party with a title officer or attorney. Questions regarding the condition ofthe property and whether the property complies with applicable governmental requirementsshould be discussed by the party with appropriate engineers, architects, contractors, otherconsultants and governmental agencies.All properties and services are marketed by Sperry Van Ness in compliance with all applicablefair housing and equal opportunity laws.Sperry Van Ness/Sentinel Realty Advisors, Inc. (Thomas S. Vincent) is independently ownedand operated.
  3. 3. Table of Contents 1 Financial Analysis Executive Summary Investment Information Financial Summary Rent Roll Summary 2 Additional Information 3 Advisor Profile Sales Comparables Map Location MapThe information listed above has been obtained from sources we believe to be reliable, however, we accept no responsibility for its correctness.
  4. 4. 1 . Financial AnalysisAll Sperry Van Ness® Offices Independently Owned and Operated.
  5. 5. CROSSROADS OF JANESVILLE Executive Summary List Price $10,900,000 Price Per GLA $99.67 Price Per Sq.Ft. $99.67 NOI $758,218 CAP 6.96 % Building Sq.Ft. 109,359 Land Acres 11.20 Occupancy. 95 % PROPERTY DESCRIPTION3023 Milton Avenue, Janesville, WI 53545 Construction Block and Steel RenovationHIGHLIGHTS Former Walmart- redeveloped and renovated in 2008. Prime Retail Strip 95% Leased/High traffic counts Ingress/Egress Prime Visible corner located at the Southwest Corner of HWYs 7 to 10 year lease terms, 6 to 9 years remaining 26 and 14. Easy access to Interstate 94/39 11,200 s.f. expansion approved / Outlot available Area Prime site located at the Southwest Corner of HWYs 26 and 14. Interest only financing- 10% cash on cash return Easy access to Interstate 94/39. 20,000 - 30,000 cars per day; I 94/39 in excess of 60,000. Nearby retailers include: Home Depot, Best Buy, Target, T.J. Maxx, Michaels, Staples, K-Mart, Menards, Old Navy, Gander Mountain, Wal-Mart/Sams Club Cross Street HWY 14 Property Tax Parcel No. 0218300107 Prime 109,359 sf retail center available for sale! 95% leased to Market Janesville Hobby Lobby, Slumberland, Anytime Fitness and Dollar Tree with 6 to 9 yrs remaining on all leases. 11,200 s.f. expansion Sub Market Rock County end cap approved. Outlot available separately. Former Walmart. Year Built 1988 More info: http://sale.svn.com/crossroadsjns Building Class A Location Class A Zoning Type B4-Business Highway Signalized Corner Yes Street Frontage No. of Buildings 1 No. of Stories 1 Exclusively Listed By: No. of Tenants 4 No. of Parking Spaces Thomas Vincent, CCIM Jeff Jansen, CCIM Parking Ratio (847)963-1031 (608)821-1401 vincentt@svn.com jeff.jansen@svn.com 01/18/2011
  6. 6. Investment InformationCROSSROADS OF JANESVILLE 3023 Milton Avenue Janesville, WI 53545Listing Price $10,900,000 GLA 109,359Actual CAP 6.96 % Building S.F. 109,359CAP Percent Occupied 95.40 %Price Per S.F. $99.67 Land Acres 11.20Price Per GLA $99.67 Loan Amount $8,200,000Expenses Per S.F. $3.14 Down Payment $2,700,000Loan Description First Mortgage: non-recourse, interest only 4 years, 30 year amortization 3 years, rate adjusted in year 5. Mezzanine: Interest only 7 years to match term of first mortgage.Estimated Annualized Operating Data ActualScheduled Income $917,033Recapture / CAM $75,812Percentage Rent $35,000R E Tax Reimburse (72%) $135,750Insurance Reimburse (72%) $15,872Mgmnt Fee $ Tree-Anytime $3,733Less Vacancy $81,734Gross Operating Income $1,101,466Less Expenses $343,248Net Operating Income $758,218Less Loan Payment $492,000Pre-Tax Cash Flow $266,218Cash on Cash Return 9.86 %Estimated Annualized Expenses Highlights ActualProjected Taxes $188,542 Prime Retail Strip 95% Leased/HighInsurance $21,800 traffic countsOff-Site Management $17,007 7 to 10 year lease terms, 6 to 9 years remainingCAM $104,965 11,200 s.f. expansion approved / OutlotReserves $10,934 availableTotal Expenses $343,248 $0 Interest only financing- 10% cash onExpenses Per S.F. $3.14 cash return The information listed above has been obtained from sources we believe to be reliable, however, we accept no responsibility for its correctness.
  7. 7. Financial SummaryEstimated Annualized Operating Data ActualScheduled Income $917,033Recapture / CAM $75,812Percentage Rent $35,000R E Tax Reimburse (72%) $135,750Insurance Reimburse (72%) $15,872Mgmnt Fee $ Tree-Anytime $3,733Less Vacancy $81,734Gross Operating Income $1,101,466Less Expenses $343,248Net Operating Income $758,218Less Loan Payment $492,000Pre-Tax Cash Flow $266,218Cash on Cash Return 9.86 %Estimated Expense Summary ActualTotal Estimated Expense $343,248Proposed Financial Summary First Mortgage Mezzanine LoanLoan Amount $7,200,000 $1,000,000Interest Rate 6.00% 6.00%Annual Payment $432,000 $60,000Annual Principal ReductionLoan Type Interest Only Interest OnlyTerms and Description First Mortgage: non-recourse, interest only 4 years, 30 year amortization 3 years, rate adjusted in year 5. Mezzanine: Interest only 7 years to match term of first mortgage. The information listed above has been obtained from sources we believe to be reliable, however, we accept no responsibility for its correctness.
  8. 8. w w w .s vn .c o mRent Roll Summary Tenant Name Occupied Vacant Annual Occupied Vacant % of Escalations / Options / Comments S.F. S.F. Rent S.F. Rent Rent Total Hobby Lobby -10 years 58,200 $7.25 $421,950 $0 53.3 % Years 6-10 increase from $7.25 PSF to $7.50 PSF. Two of 5 years each. $7.75 PSF in first option period and $8.25 PSF in last option period. Net Lease. Tenant does all CAM and is reimbursed by Landlord. Slumberland - 10 years 30,341 $7.91 $240,000 $0 27.8 % 15% increase in years 6-10. Two of 5 years each, 10% increase for each 5 year option period. Gross lease, no reimbursements. Tenant is paying percentage rent estimated at $35,000 annually. Dollar Tree - 10 years 11,680 $11.50 $134,320 $0 10.7 % $.50 PSF increase in years 6-10. Two of 5 years each, $.50 PSF rent increase in each option period. Net lease. Anytime Fitness - 7 4,005 $13.07 $52,338 $0 3.7 % 4% increase in year 2 and 2% annual years increases in years 3-7. Two options of 5 years each with 2% annual increases. Net lease. To Be Leased 5,023 $13.50 $0 $67,810 4.6 % 104,226 5,023 $848,608 $67,810 100.0 % Potential Annual Income $916,418 Total S.F. 109,249 Avg. Annual Per S.F. $8.39 S.F. Vacancy (%) 4.60 % Rent Vacancy (%) 7.40 % The information listed above has been obtained from sources we believe to be reliable, however, we accept no responsibility for its correctness. All Sperry Van Ness® Offices Independently Owned and Operated.
  9. 9. 2 . Additional InformationAll Sperry Van Ness® Offices Independently Owned and Operated.
  10. 10. Confidentiality AgreementTo: Tom Vincent Sperry Van Ness/Sentinel Realty Advisors, Inc.This Confidentiality Agreement is to be signed by the parties hereto prior to the release of property information. The propertyinformation is intended solely for the limited use by the parties hereto in considering whether to pursue an offer to acquire “TheCrossroads of Janesville” located at 3023 Milton Avenue, Janesville, WI (the "Property").The Property information contains brief, selected information pertaining to the business and affairs of the Property, It does not,however, purport to be all-inclusive or to contain all of the information which a prospective purchaser may desire or require, TheOwner, nor any of its officers, employees or agents (hereinafter collectively referred to as "Owner") make any representation orwarranty, express or implied, as to the accuracy or completeness of this information, and no liability of any kind whatsoever isassumed by Owner with respect thereto.Principal(s) including Principal’s Agent hereby agree to indemnify Owner from any loss or damage which Owner may suffer as aresult of the undersigneds breach of the terms and conditions of this Confidentiality Agreement.Owner expressly reserves the right at Owners sole, singular, exclusive and arbitrary discretion to reject any or all proposals orexpressions of interest in this Property and to terminate discussions in connection therewith with any party at any time withoutnotice.The Property information shall not be deemed to represent the state of affairs of the Property or constitute an indication thatthere has been no change in the business or affairs of the Property since the date of preparation of this information.The information provided bas been gathered from sources that are deemed reliable, but the Owner does not warrant orrepresent that the information is true and correct. You are advised to verify information independently.The Owner reserves the right to make any change, to add, delete, or modify the information or to withdraw the property fromconsideration at any time, without notice. The Property information is not to be construed as an offer, an expression of intent,an obligation, or as part of any contract or commitment, to sell the Property.Furthermore, the inclusion or exclusion of information relating to asbestos or any other hazardous, toxic or dangerous chemicalitem, waste or substance (thereinafter collectively referred to as "Waste") relating to the Property shall in no way be construedas creating any warranties or representations, expressed or implied by the Owner or its agents as to the existence ornonexistence or nature of waste in, under or on the Property, or to create legal and/or economic obligations upon the Owner,lessee and/or other holders of interest in the Property or a part thereof.Please acknowledge your consent and agreement to the foregoing by signing and returning the duplicate copy at which time thesame shall constitute a binding Agreement between the parties.By: ___________________________________________ By:___________________________________________Signature of Principal Signature of Principal’s Agent___________________________________________ ______________________________________________Printed Name Printed NameAddress:___________________________________ Address:_________________________________________________________________________________ ______________________________________________Phone:____________________________________ Phone:________________________________________Email :____________________________________ Email :________________________________________Accepted: Sperry Van NessBy:__________________________________________________
  11. 11. Hobby LobbySlumberland FurnitureThe information listed above has been obtained from sources we believe to be reliable, however, we accept no responsibility for its correctness.
  12. 12. Slumberland FurnitureAnytime Fitness The information listed above has been obtained from sources we believe to be reliable, however, we accept no responsibility for its correctness.
  13. 13. Dollar TreeMonument Sign view to Target The information listed above has been obtained from sources we believe to be reliable, however, we accept no responsibility for its correctness.
  14. 14. w w w .s vn .c o m Location Map The information listed above has been obtained from sources we believe to be reliable, however, we accept no responsibility for its correctness. All Sperry Van Ness® Offices Independently Owned and Operated.
  15. 15. CROSSROADS OF JANESVILLE TENANT INFORMATIONHobby LobbyHobby Lobby was founded by David Green in Oklahoma City in 1972. Mr. Green andhis family have expanded from 300 square foot in the first location to become one of thelargest retailers of arts and crafts in the U.S. The company presently operatesapproximately 463 stores in 39 states and plans to open its first stores in California andNew England in 2011. The chain has approximately 18,000 employees.The typical store carries over 50,000 items in 13 departments including Crafts, Jewelry,Arts, Floral and Scrapbooking among others. Numerous classes in various arts and craftsare offered on a regular basis to help attract and retain customers.No stores in the chain are open on Sunday, as Mr. Green and his family PentecostalChristians who have donated hundreds of millions of dollars to various religiousinstitutions.The firm is ranked as the 267th largest private company in Fortune Magazine’s latestsurvey. Annual sales are estimated to be over $2.2 Billion dollars or just over $4.7MMannually for the average store.The companies largest competitors are Michaels and Joann’s. Michaels, the company’slargest competitor, has more than 1,000 stores and is also privately held. According toWikipedia, average annual store sales are $3.9MM. Joann Stores has 756 stores in 48states. This firm has just been purchased by Leonard Green & Partners for $1.6 Billionwill go “private” in 2011. 228 of the firm’s stores are “large format” stores that offercrafts as well as fabrics. The “large format” stores average about $4.7MM in annualsales.The link to Hobby Lobby’s web site is: www.hobbylobby.com. Please visit the web sitefor more information.Anytime FitnessAnytime Fitness was founded in Cambridge, MN in 2002 by Jeff Klinger and ChuckRunyan. Their goal is to provide an affordable facility with quality equipment and afriendly atmosphere “Anytime” is now ranked 43rd on the top 500 franchise list, the 12thfastest growing franchise and 37th in the top global franchises.The chain has been awarded a top rating by Franchise Business Review for the past fouryears and an FBR 50 Franchisee Satisfaction Award.
  16. 16. The facilities are open 24/7 and most locations have 24 hour tanning salons with nocharge.Information on the chain’s website indicates that a new facility opens every business dayand a new member joins every 3 minutes. The web site is www.anytimefitness.comThe franchisee for the facility in the Crossroads of Janesville is Jeff Brewer. Mr. Brewerhas BBA from the University of Wisconsin in Madison. He is a certified personal trainerand an Elite Power Lifter.Slumberland In 1967, the first Slumberland store opened in Minnesota. Unlike most furniture stores, they started as a mattress and La-Z-Boy specialty shop. Merchandise categories and store count expanded over time. Today there are 118 stores in 11 states. Slumberland is now one of Americas top sellers of La-Z-Boy upholstery, as well as the Midwests largest retailer of Natuzzi leather and both Sealy and Simmons mattresses. The thrust of their merchandise plan is at middle and middle-high price points, the high volume segment of furniture business in the United States. They distribute furniture to their stores through three regional distribution centers (St. Paul- MN, Baraboo-WI, & Beresford-SD), which allows them to ship complete truckloads with a mix of different merchandise. Trucks are scheduled to meet stores merchandise needs so the stores do not need to maintain large inventory levels. The company believes giving back to the community is not only a good idea, but an essential part of doing business. Citizenship and stewardship are two of the companys core values. As a family-owned business, they are proud to support activities and organizations that strengthen families and provide assistance to children and families in need. Knowing that a good nights sleep can have a positive impact on quality of life, Slumberland began the Homes for the Holidays program to provide new beds for families in need. Since 1993, Slumberland has partnered with local charities to identify and help families with no, or not enough, beds at home. More than 1,000 new beds are given away each year across the 11 states Slumberland serves. To date, more than 11,000 new beds have been donated to those who would otherwise be sleeping on the floor. Corporate Address: 3060 Centerville Rd. Little Canada, MN 55117 www.slumberland.com
  17. 17. The franchisee for the facility in the Crossroads of Janesville and several other storelocations is LA Creations, Inc. Scott Libson is the President. Mr. Libson attended the University of Minnesota in theTwin Cities.Dollar Tree Dollar Tree, Inc. (NASDAQ: DLTR) is a chain of discount variety stores selling every item for $1.00 or less. The company was founded more than 50 years ago by K. R. Perry, a man who understood that the American shopper was looking for a bargain. Now a Fortune 500 company, Dollar Tree is headquartered in Chesapeake, Virginia and operates 4,009 stores throughout the continental US. Its stores are supported by a nationwide logistics network of nine Distribution Centers. The Company operates one dollar stores under the names of Dollar Tree and Dollar Bills. The Company also operates a multiprice-point variety chain under the name Deal$. Dollar Tree competes in the dollar store and low-end retail markets with the national chains Family Dollar, Big Lots, and Dollar General together with regional chains such as 99 Cents Only Stores, Freds and many independent dollar stores nationwide. Each Dollar Tree stocks a wide variety of products including national, regional, and private-label brands. Some of the product departments found in a Dollar Tree store include health and beauty, food and snacks, party, seasonal décor, house wares, glassware, dinnerware, household cleaning supplies, candy, toys, gifts, gift bags and wrap, stationery, craft supplies, teaching supplies, books, and more. Many Dollar Tree stores also sell frozen foods and dairy items such as milk, eggs, pizza, ice cream, frozen dinners, and pre-made baked goods. In 2009, Dollar Tree launched a redesigned website (http://www.dollartree.com/) with a new e-commerce platform. DollarTree.com sells Dollar Tree merchandise in larger quantities to individuals, small businesses, and organizations. Every single item on the website is still only $1 or less and the Company offers free shipping to Dollar Tree stores. The Company also advertises in-store events, specials, seasonal promotions, and featured products through the site and users can locate a retail store, research information about Dollar Tree, and view product recalls. Dollar Tree also recently added customer ratings and reviews to the site so customers can go online and read and write reviews about Dollar Tree products.
  18. 18. Confidentiality AgreementTo: Tom Vincent Sperry Van Ness/Sentinel Realty Advisors, Inc.This Confidentiality Agreement is to be signed by the parties hereto prior to the release of property information. The propertyinformation is intended solely for the limited use by the parties hereto in considering whether to pursue an offer to acquire “TheCrossroads of Janesville” located at 3023 Milton Avenue, Janesville, WI (the "Property").The Property information contains brief, selected information pertaining to the business and affairs of the Property, It does not,however, purport to be all-inclusive or to contain all of the information which a prospective purchaser may desire or require, TheOwner, nor any of its officers, employees or agents (hereinafter collectively referred to as "Owner") make any representation orwarranty, express or implied, as to the accuracy or completeness of this information, and no liability of any kind whatsoever isassumed by Owner with respect thereto.Principal(s) including Principal’s Agent hereby agree to indemnify Owner from any loss or damage which Owner may suffer as aresult of the undersigneds breach of the terms and conditions of this Confidentiality Agreement.Owner expressly reserves the right at Owners sole, singular, exclusive and arbitrary discretion to reject any or all proposals orexpressions of interest in this Property and to terminate discussions in connection therewith with any party at any time withoutnotice.The Property information shall not be deemed to represent the state of affairs of the Property or constitute an indication thatthere has been no change in the business or affairs of the Property since the date of preparation of this information.The information provided bas been gathered from sources that are deemed reliable, but the Owner does not warrant orrepresent that the information is true and correct. You are advised to verify information independently.The Owner reserves the right to make any change, to add, delete, or modify the information or to withdraw the property fromconsideration at any time, without notice. The Property information is not to be construed as an offer, an expression of intent,an obligation, or as part of any contract or commitment, to sell the Property.Furthermore, the inclusion or exclusion of information relating to asbestos or any other hazardous, toxic or dangerous chemicalitem, waste or substance (thereinafter collectively referred to as "Waste") relating to the Property shall in no way be construedas creating any warranties or representations, expressed or implied by the Owner or its agents as to the existence ornonexistence or nature of waste in, under or on the Property, or to create legal and/or economic obligations upon the Owner,lessee and/or other holders of interest in the Property or a part thereof.Please acknowledge your consent and agreement to the foregoing by signing and returning the duplicate copy at which time thesame shall constitute a binding Agreement between the parties.By: ___________________________________________ By:___________________________________________Signature of Principal Signature of Principal’s Agent___________________________________________ ______________________________________________Printed Name Printed NameAddress:___________________________________ Address:_________________________________________________________________________________ ______________________________________________Phone:____________________________________ Phone:________________________________________Email :____________________________________ Email :________________________________________Accepted: Sperry Van NessBy:__________________________________________________
  19. 19. Janesville Area InformationJanesville is a moderately sized city with a population of 61,310 located on the Rock River in the rollinghills, rich fields and verdant woodlands of scenic south central Wisconsin. Janesville was founded in1836 and has experienced steady growth and development ever since. Janesville’s long history of strongindustry and economic success has helped turn the city into a major commercial and industrial centerfor the State-Line area.Perhaps what Janesville is best known for is its abundance of beautiful parks and recreational areas.Handy boat launches, numerous ball fields, playgrounds, two public golf courses, tennis courts, over2,300 acres of parkland and 25+ miles of paved bike trail are just some of the amenities enjoyed byJanesville residents.Janesville is changing, gone is GM which many of its citizens relied on for employment for many years.But out of this challenge has emerged a stronger more flexible Janesville, ready to embrace the newworld of business while maintaining a Midwest "Americana" lifestyle that many enjoy. Characteristics ofthe "new" Janesville include: A significant decline in the level of unionization along with the development of more competitivewage and benefit packages for manufacturing workers. A strong supply of highly skilled, advance manufacturing trained individuals looking for employment. Permit times for new industrial development can be as short as three weeks. Industrial land at $36,000/acre certified as "shovel ready" by the international site search team of AdyInternational Company and the Austin Company. Business incentives are scalable and flexible for each individual project. Janesville continues to have excellent transportation connectivity.
  20. 20. Retail within 1 mile of subject
  21. 21. Retail within 1 mile of subject
  22. 22. 3023 Milton Ave, Janesville
  23. 23. 3 . Advisor ProfileAll Sperry Van Ness® Offices Independently Owned and Operated.
  24. 24. Thomas Vincent, CCIM AdvisorsSp e r r y Va n N e s s Ad v is o r s Tom Vincent, CCIM serves as a Managing Director for Sperry Van Ness, specializing in the sale of shopping centers and net leased properties nationwide. He also sells industrial, office and multifamily properties in Chicago and the Midwest. With over 35 years of experience, Vincent has secured over 300 transactions with a sales volume valued at over $360 million in the last nine years including numerous 1031 exchange transactions. Prior to joining Sperry Van Ness, Vincent operated Sentinel Realty Advisors, Inc. for more than five years. He owned and operated Fidelity Mortgage & Investment Corp.for over 20 years specializing in brokerage of commercial loans for all property types. He served as president and COO of Union Realty Mortgage Company and Senior Vice President HIC of Florida, a subsidary of Chase Manhattan Bank where he was instrumental in liquidating a $250MM portfolio of distressed assets. Vincent earned the CCIM designation in 1997 and is the past president (2004) of the Illinois Chapter of CCIM and a member of the International Council of Shopping Centers. Since 1991 Vincent has served as chairman of the Plan Commission for the City of Rolling Meadows, Illinois. He earned his bachelors degree in banking and finance from the University of North Texas. Pam Vincent, CPA assists in the operation. Thomas Vincent, CCIMManaging DirectorSperry Van Ness
  25. 25. Jeff Jansen, CCIM AdvisorsSp e r r y Van N e s s Ad v is o r s Jeff Jansen, CCIM, serves as a senior advisor for Sperry Van Ness, specializing in the sale and leasing of office and retail property in Southern Wisconsin. As a licensed Wisconsin broker, Jansen has over 20 years of commercial real estate experience. Prior to joining Sperry Van Ness, Jansen served as a broker for First Weber, the largest brokerage firm in Wisconsin. While there, he was involved in the expansion of the commercial division. Previously, Jansen was director of property management at the Alexander Companies, and president of Greenway Properties. His extensive commercial real estate background includes: tenant and buyer representation for local and national companies, sales and leasing, property management, construction management, accounting, land and building development, multifamily sales and development, consulting and site selection. Jansen has earned the Certified Commercial Investment Member (CCIM)Jeff Jansen, CCIM designation, which is held by less than 4 percent of commercial brokersSenior Advisor nationwide. He served as president of the CCIM Wisconsin Chapter inSperry Van Ness 2005. He is also a member of the Wisconsin REALTORS Association where he serves on the Professional Standards Committee. In addition, he is a member of The Commercial Brokers Group; the Commercial Investment Real Estate Exchange; the REALTORS Association of South Central Wisconsin; the International Council of Shopping Centers: the Madison Apartment Owners Association; and the Downtown Madison, Inc. Jansen obtained a Bachelor of Business Administration from The University of Iowa, Iowa City, Iowa.
  26. 26. Dan Roseliep, CPM AdvisorsSp e r r y Va n N e s s Ad v is o r s Daniel G. Roseliep, CPM, serves as managing director for Sperry Van Ness/Altus Commercial Real Estate, specializing in the sale of multifamily and office property throughout the Southern Wisconsin market. Roseliep has over 30 years of brokerage and management experience. Prior to joining Sperry Van Ness, Roseliep was a sales associate for First Weber Group Commercial where he focused on the sale and leasing of commercial and investment property. He was also the president and chief executive officer of Heartland Management Company, an Iowa based property management firm that developed a $100 million portfolio comprised of 2400 apartment units in three states, 125,000 square feet of Class A office space, and an industrial distribution center. Active in the industry, Roseliep is a member of the Apartment Association of South Central Wisconsin, Downtown Madison Inc., the Commercial Investment Real Estate Exchange, the Commercial Brokers Group, the Iowa/Nebraska Affordable Housing Managers Association, the National Association of Realtors, and the Institute of Real Estate Management. Roseliep has been a guest lecturer at the University of Wisconsin Law School and currently serves as an adjunct instructor for the Real Estate department at Madison College. Roseliep has been a recipient of the Sperry Van Ness Platinum Achiever award, given to the firm’s top producers. Dan Roseliep, CPMManaging Director Roseliep graduated magna cum laude with a Bachelor of Arts in political scienceSperry Van Ness from Loras College in Dubuque, Iowa. All Sperry Van Ness® Offices Independently Owned and Operated.

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