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121 W Wacker Dr
Chicago, IL 60601
121 West Wacker · Bureau Propriété À vendre
·
441 034 pi²
Certaines informations ont été traduites automatiquement.
FAITS SAILLANTS DE L'INVESTISSEMENT
- Prime riverfront location at the nexus of Wacker Drive and LaSalle Street, offering unmatched visibility and access
- Diverse tenant base with small suite sizes supports leasing flexibility and stability
- Art Deco architecture and modern upgrades combine to attract today’s image-conscious tenants
- Renovated lobby and 24th-floor amenity center enhance tenant experience and leasing appeal
- Street-level retail component adds income diversity and future upside potential
- Proven leasing velocity and rental rate growth driven by repositioning success
RÉSUMÉ DE L'ANNONCE
121 West Wacker presents a rare opportunity to acquire a majority interest in a repositioned, Art Deco office tower in the heart of downtown Chicago. Situated prominently along the Chicago River at the intersection of Wacker Drive and LaSalle Street, this 41-story architectural icon offers investors a compelling blend of historical character and modern functionality. The building has undergone a comprehensive renovation, including a refreshed lobby and a 24th-floor tenant amenity center, positioning it as a preferred destination for tenants seeking a central, transit-oriented location with vintage charm. Currently 63% leased to a diverse mix of 54 tenants, the property benefits from a granular rent roll and a balanced rollover schedule, with a weighted average lease term of four years. Ownership has achieved above-market leasing velocity, driven by the building’s irreplaceable location and upgraded infrastructure. The offering includes 426,161 square feet of net rentable area, representing 96.6% of the building’s total, and includes valuable street-level retail that diversifies income and offers additional upside. With its fortress riverfront positioning, timeless design, and proven leasing momentum, 121 West Wacker offers investors a stable, income-producing asset with long-term value appreciation potential in one of the nation’s most resilient office markets.
FAITS SUR LA PROPRIÉTÉ
| Taille totale du bâtiment | 441 034 pi² | Superficie de plancher typique | 16 000 pi² |
| Type de propriété | Bureau | Année de construction | 1929 |
| Classe d’immeuble | B | Taille du lot | 0,48 AC |
| Planchers | 41 | Ratio de stationnement | 0,22/1 000 pi² |
| Zonage | DC-16, Chicago - Quartier central du centre-ville | ||
| Taille totale du bâtiment | 441 034 pi² |
| Type de propriété | Bureau |
| Classe d’immeuble | B |
| Planchers | 41 |
| Superficie de plancher typique | 16 000 pi² |
| Année de construction | 1929 |
| Taille du lot | 0,48 AC |
| Ratio de stationnement | 0,22/1 000 pi² |
| Zonage | DC-16, Chicago - Quartier central du centre-ville |
COMMODITÉS
- Accès 24 heures
- Banque
- Installations de conférences
- Centre de conditionnement physique
- Gestionnaire d'immeuble sur place
- Restaurant
- Affichage
- Terrasse sur le toit
2 UNITÉS DISPONIBLES
Unité 3800
| Taille de l’unité | 5 000 pi² | Type de vente | Investissement |
| Utilisation du condo | Bureau |
| Taille de l’unité | 5 000 pi² |
| Utilisation du condo | Bureau |
| Type de vente | Investissement |
Unité Flrs UG-41
| Taille de l’unité | 416 161 pi² | Type de vente | Investissement |
| Utilisation du condo | Bureau/Commerce de détail |
| Taille de l’unité | 416 161 pi² |
| Utilisation du condo | Bureau/Commerce de détail |
| Type de vente | Investissement |
DESCRIPTION
These condos represents 95% of the building SF.
