Listing banner image
  • Property Type
    OfficeProperty Type
  • Occupancy
    63%Occupancy
  • Stories
    41Stories
  • Ownership Interest
    Fee SimpleOwnership Interest
  • Year Renovated
    2017Year Renovated
  • Building Class
    ABuilding Class

Description

121 West Wacker offers a prime investment opportunity in the heart of Chicago’s Central Business District. This 441,034-square-foot Class A office tower, built in 1930 and extensively renovated in 2017, features 41 stories and 83 covered parking spaces.

Currently at 63% occupancy, the property presents significant lease-up potential with 426,161 square feet of available space, ideal for investors seeking value-add opportunities in a premier location. In-place rents average $24 per square foot, approximately 4.5% below market rates, highlighting the upside potential through lease adjustments...

Documents

Offering Summary

  • Asking Price
    UnPriced
  • Property Type
    Office
  • Size
    441,034 SF
  • Available
    426,161 SF
  • Occupancy
    63%
  • Built
    1930
  • Parking
    Covered

Sale Details

  • Walt
    4 Years
  • In-Place Rents
    24
  • Rents Below Market
    4.50%

Documents

Property Address

121 West Wacker Drive
Chicago, IL 60601

Deal Team

Tom Sitz profile image
Tom Sitz
Executive Managing Director Executive Managing Director
Cushman & Wakefield
IL RE Lic. 475145340
Cody Hundertmark profile image
Cody Hundertmark
Executive Managing Director Executive Managing Director
Cushman & Wakefield
IL RE Lic. #475161542
Kelsey Berry profile image
Kelsey Berry
Senior Associate Senior Associate
Cushman & Wakefield

Description

121 West Wacker offers a prime investment opportunity in the heart of Chicago’s Central Business District. This 441,034-square-foot Class A office tower, built in 1930 and extensively renovated in 2017, features 41 stories and 83 covered parking spaces.

Currently at 63% occupancy, the property presents significant lease-up potential with 426,161 square feet of available space, ideal for investors seeking value-add opportunities in a premier location. In-place rents average $24 per square foot, approximately 4.5% below market rates, highlighting the upside potential through lease adjustments...

Documents

Offering Summary

  • Asking Price
    UnPriced
  • Property Type
    Office
  • Size
    441,034 SF
  • Available
    426,161 SF
  • Occupancy
    63%
  • Built
    1930
  • Parking
    Covered

Sale Details

  • Walt
    4 Years
  • In-Place Rents
    24
  • Rents Below Market
    4.50%

Documents

Property Address

121 West Wacker Drive
Chicago, IL 60601

Deal Team

Tom Sitz profile image
Tom Sitz
Executive Managing Director Executive Managing Director
Cushman & Wakefield
IL RE Lic. 475145340
Cody Hundertmark profile image
Cody Hundertmark
Executive Managing Director Executive Managing Director
Cushman & Wakefield
IL RE Lic. #475161542
Kelsey Berry profile image
Kelsey Berry
Senior Associate Senior Associate
Cushman & Wakefield
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