110 W LAWRENCE AVE Springfield IL 62704-2610

The Boulder Group is pleased to exclusively market a unique opportunity to acquire a portfolio of seven properties where six are

leased to the State of Illinois serving various departments and one is leased to the Illinois Coalition Against Domestic Violence

(ICADV). There is an average of 3.95 years remaining on the in-place leases with renewal options available. The State of Illinois

executed multiple lease extensions at these locations over their tenancy which demonstrates commitment. The State also expressed

their interest to extend leases. Moody’s Investor Service announced a ratings upgrade to A3 (stable outlook) from Baa1 for Illinois’

General Obligation bonds, its third upgrade of Illinois’ bonds since June 2021. All HVAC units have been replaced in the last 3-5 years

and all roofs have been replaced in the last 5-7 years.

The 63,799 square foot portfolio of buildings is strategically positioned three blocks south of the Illinois State Capitol Building. The

portfolio is surrounded by a number of state-tenanted buildings such as CyberDrive Illinois, the Illinois State Museum, Archives, and

Library, the office of the Attorney General, the Illinois Governor’s Mansion, the State Treasurer’s office, and more. There are 121,186

people living within five miles of the property earning an average annual household income of $70,904. The portfolio is afforded

a higher security of tenancy due to the fact it is located in the Capital Complex Area in close proximity to the Illinois State Capital

and its main departments.

The portfolio is tenanted by the following State of Illinois departments: The Coalition Against Domestic Violence, The Department of

Health and Human Services, The Council on Developmental Disabilities, The Department of Veterans’ Affairs, and The Department

of Healthcare and Family Services. Each of these spaces (except the VA buildings) are used to house the backroom activities (storage,

admin, IT, etc.). See tenant overview for more information on these departments.

• Moody’s Investor Service announced a ratings upgrade to A3 (stable outlook) from Baa1 for Illinois’ General Obligation

  bonds, its third upgrade of Illinois’ bonds since June 2021

• The properties are three blocks south of the Illinois State Capitol Building

• Surrounded by a number of state-tenanted buildings

• Multiple lease extensions executed at these locations with expressed interest from the State to extend their tenancy

• 121,186 people living within five miles of the property earning an average annual household income of $70,904

• Majority of the roof-top HVAC units have been replaced in the last 3-5 years

• New roof on 1011 S 2nd St with 833-835 S Spring St scheduled for 2022 and all other roofs replaced within the last 5-7 years