300 West Adams_Property for Sale
300 West Adams_Property for Sale
300 W Adams St, Chicago, IL, 60606-5109, US

300 West Adams

Asset Description

Jones Lang LaSalle (Illinois), L.P. ("JLL") has been exclusively retained on an exclusive basis to arrange the sale of 300 W Adams (the "Property"), a rare boutique 12-story vintage creative office building situated just steps from mass transit amongst the glass and steel towers of Chicago's preeminent Class A CBD sub-market, the West Loop. Positioned directly across the street from the transformative $670 Million Willis Tower redevelopment and in proximity to over $2.2 Billion of total ongoing developments within a tree-block radius, the Property provides an investor the opportunity to uniquely benefit from a rapidly improving location. At 66.5% occupancy with 4.2 years of remaining of weighted average lease ter, ("WALT"), the Property provides an investor the opportunity to increase NOI through the lease up of approximately 85,000 RSF.

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Attributes

Building area Net
23,636 m²
Occupancy
66.00%
Year built
1928
Land area net
0.40 ha (4,047 m²)
Number of units
254,418 units
NOI
€310,000

Media

Investment Highlights

  • Transit Oriented, Amenity-Rich Location
  • Located Adjacent to the $670 Million Willis Tower Redevelopment
  • Checks All Boxes For An Executable Value-Add Opportunity
  • Rising Demand For Unique Product
  • Implementation Of An Updated Amenity Program Unlocks A Lucrative Mark-To-Market Opprotunity


300 West Adams 4_Property for Sale
300 West Adams 4_Property for Sale

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300 West Adams (0 Properties)

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Last updated
10 Jul 2023