Asking Price Contact for pricing
NOI Net Operating Income N/A
Cap Rate N/A
Asking Price Contact for pricing
NOI Net Operating Income N/A
Cap Rate N/A

Documents

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Create an account on the Investor Center to save your search and investment preferences, save and share opportunities, access exclusive documents, and more. More questions? Visit our FAQ. You'll need to sign a Confidentiality Agreement (CA) to access exclusive documents in the Deal Room. Signing the CA means you agree not to divulge or release sensitive information related to this property. More questions? Visit our FAQ.

Attributes

Year Built 1961
Building Area

Property Description

Jones Lang LaSalle (Illinois), L.P. (“JLL”) has been exclusively retained to arrange the sale of 29 North Wacker (the “Property” or the “Offering”), a 133,580 RSF office building located in the prestigious West Loop of Chicago. The Property represents a rare opportunity to acquire a boutique, jewel-box office asset on renowned Wacker Drive in a submarket that benefits from exceptional transportation access. The Offering is 63% leased, providing investors a true value-add profile with durable cash flow and substantial upside through targeted leasing. Further, 29 North Wacker is a unique opportunity to acquire a Class A asset at a substantial discount to replacement cost. All inquiries regarding this exceptional value-add asset should be directed to JLL.

Investment Highlights

  • Rare Opportunity to Acquire Jewel-Box Office Asset on Prestigious Wacker Drive
  • Checks All the Boxes for an Executable Value-Add Opportunity
  • Irreplaceable Location & Transportation Advantages
  • In-Place Cash Flow with Substantial Upside
  • Attractive Price Relative to Replacement Cost
Last Updated Date: 14 Sep 2021
Jaime Fink
Jaime Fink
Senior Managing Director, Office Group Leader
License details
IL-471.010204 WI-54163-90 VT-081096202
Bruce Miller
Bruce Miller
Senior Managing Director, Office Group Leader

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Last Updated Date: 14 Sep 2021

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