175 West Jackson_Pand te koop
175 West Jackson_Pand te koop
175 W Jackson Blvd, Chicago, IL, 60604, US

175 West Jackson

Activa beschrijving

Jones Lang LaSalle (Illinois), L.P. (“JLL”) has been exclusively retained to arrange the sale of 175 West Jackson (the “Property” or the “Offering”), a compelling value-add office opportunity located in Chicago. The 22-story property was designed by renowned architect Daniel Burnham and was constructed in two phases between 1912 and 1927. At 59% occupancy and 6.2 years of weight average lease term, 175 West Jackson provides durable in-place cash flow while providing an investor the opportunity to substantially increase NOI through the lease up of 630,000 square feet. Such leasing can capitalize off the successful spec-suite program, which fare especially well in today’s market. Further, the property had over $24 million invested to modernize the building and implement a robust amenity package. The large floor plates, contiguous blocks of available space, and opportunity for signage rights position 175 West Jackson as an ideal home for a tenant looking to have a sizeable presence.

 

This transaction is being offered with negotiable financing terms that outperform market. All inquiries regarding this asset should be directed to JLL.

...

Attributen

Netto gebouwoppervlakte
131.739 vierkante meter
Bezetting
59%
Bouwjaar
1912

Media

Investeringshoogtepunten

  • Financing Available - 175 West Jackson is being offered with financing terms that outperform the market, with a fixed rate of 5.086%. This accretive financing option (negotiable terms) reduces risk associated with market volatility and expedites the closing process. Further, this structuring minimizes the equity contribution needed, freeing up capital for executing leases & various value enhancement strategies.  
  • Incredible Value-Add Opportunity - With over $24 million invested in modernizing and amenitizing the building recently, a future owner is able to purely focus on stabilizing the asset through leasing both the office and retail vacancies
  • Substantial to Replacement Cost 
  • Unrivaled Transit-Oriented Location


175 West Jackson 4_Pand te koop
175 West Jackson 4_Pand te koop

Contact makelaars

175 West Jackson (0 Eigendommen)
Heeft u vragen? Bezoek onze FAQ-pagina
Bekijk FAQ-paginaArrow Right
JLL kan u helpen bij de financiering en het beheer van uw portefeuille. E-mail ons vandaag nog om te zien hoe we u kunnen helpen uw ambities te realiseren.
Laatst bijgewerkt
May 16, 2024