919 North Michigan Avenue_Actifs en vente
919 North Michigan Avenue_Actifs en vente
919 North Michigan Avenue, Chicago, IL, 60611, US

919 North Michigan Avenue

Description de l'actif

Jones Lang LaSalle (Illinois) L.P, ("JLL"), as exclusive agent, is pleased to announce the opportunity to acquire a 100% fee simple interest in 919 North Michigan, the 20+ year home to Louis Vuitton’s flagship where they recently expanded/renovated and made a long term commitment to the location.  Two other luxury retailers, David Yurman, and Breitling, round out the tenancy, offer over 8 years of WALT and are responsible for 93% of the in-place revenue. All leases include contractual escalations, offering secure and accretive cash flow as well as market rate extension options. Totaling 51,795 sf in a retail jewel box, the balance of the space is leased to a cosmetic dentistry practice that has been at this location for 25 years with 11 years of remaining term as well as Tom Stringer Designs, a bespoke residential design studio that was recently inducted into the Merchandise Mart Hall of Fame.  The asset features below market assumable debt, resulting in a generational opportunity to own a bespoke asset.

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Caractéristiques de l'actif

Surface de l'actif brut
4 812 m²
Occupation
69,00 %
Année de construction
1929

Média

Points clés d'investissement

  • Charming and Modern Jewel Box
  • Outstanding Corner / Curb Appeal
  • 20+ Year Home to LVMH / Gucci on Opposing Corners


919 North Michigan Avenue 4_Actifs en vente
919 North Michigan Avenue 4_Actifs en vente

Contacter l'équipe

919 North Michigan Avenue (0 actifs)
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Dernière mise à jour
29 août 2023