401 North Michigan _Propriété à vendre
401 North Michigan _Propriété à vendre

401 North Michigan

401 N Michigan Ave, CHICAGO, IL, 60611-4255, US

Descriptif

Jones Lang LaSalle (Illinois), L.P. (“JLL”) as the exclusive advisor, presents the opportunity to acquire the 100% fee simple interest in 401 North Michigan (the "Property” or “Opportunity”), a 747,522 square foot, 35-story office building located along Michigan Avenue on the north bank of the Chicago River. Originally constructed in 1965, 401 North Michigan represents an opportunity to acquire a Class A office asset with world renowned Chicago River views on Michigan Avenue. At 88% leased with 7.3 years of remaining average lease term ("WALT"), the Property offers durable in-place cash flow while providing an investor the opportunity to further increase NOI through the lease up of nearly 89,000 square feet.


With over $17.2 million of capital invested since 2017, ownership has meticulously maintained and transformed the Property, modernizing building systems and implementing state-of-the-art amenities. Paired with its riverfront location on Michigan Avenue and high-quality amenity offerings, 401 North Michigan offers investors the exceptionally rare opportunity to acquire an asset that has a proven track record of catering to the active tenancy in the market.

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Attributs

Superficie du bâtiment brute
69 447 mètres carrés
Occupation
88 %
Année de construction
1965
WAULT
7.3 années

Média

Points forts de l'investissement

  1. Accretive Financing Available
  2. Class A Riverfront Asset With Unobstructed Panoramic Views
  3. Connectivity to Surrounding, Vibrant MIxed-Use District
  4. Durable In-Place Cash Flow With Upside
  5. State-Of-The-Art Trophy Design With Transformative Lobby & Amenity Renovations
  6. Incredible Basis at a Substantial Discount to Replacement Cost


401 North Michigan  4_Propriété à vendre
401 North Michigan  4_Propriété à vendre

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401 North Michigan (0 Propriétés)

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Dernière mise à jour
27 juin 2025