Asking Price Contact for pricing
Area Size
NOI Net Operating Income
NIY N/A

Documents

I accept the confidentiality agreement
Create an account on the Investor Center to save your search and investment preferences, save and share opportunities, access exclusive documents, and more. More questions? Visit our FAQ. Approval for Deal Room access requires review by our Broker Team. You will be notified by email once your access is granted. More questions? Visit our FAQ. You'll need to sign a Confidentiality Agreement (CA) to access exclusive documents in the Deal Room. Signing the CA means you agree not to divulge or release sensitive information related to this property. More questions? Visit our FAQ.
I accept the confidentiality agreement I accept the confidentiality agreement
Create an account on the Investor Center to save your search and investment preferences, save and share opportunities, access exclusive documents, and more. More questions? Visit our FAQ. You'll need to sign a Confidentiality Agreement (CA) to access exclusive documents in the Deal Room. Signing the CA means you agree not to divulge or release sensitive information related to this property. More questions? Visit our FAQ.

Attributes

Year Built 1907
Building Area Net
Occupancy 100.0 %
Call for Offers

Asset Description


Jones Lang LaSalle Americas (Illinois), L.P. ("JLL"), as the exclusive advisor, presents the opportunity to acquire the 100% fee simple interest in 303 West Erie (the “Property” or “Opportunity”), a creative brick and timber office building located in the Central Social District of River North. Originally built in the early 1900s, the Property has been renovated into a Class A building that provides investors durable cash flow and material embedded upside opportunities. Such opportunities include leasing the single corner retail vacancy, marking leases to market rates, and the adjacent parking lot that provides rare development potential in transit-oriented River North. Further, 303 West Erie is a unique opportunity to acquire a modernized office asset at a substantial discount to replacement cost. All inquiries regarding this asset should be directed to JLL. 

Investment Highlights

  • Ideal Combination of Cash Flow Security with Material Embedded Upside
  • Adjacent Parking Lot Provides Development Potential
  • Located in the Central Social District of River North
  • Unrivaled Transit-Oriented Location
  • Incredible Basis at a Substantial Discount to Replacement Cost


Last Updated Date: 03 Oct 2022

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Last Updated Date: 03 Oct 2022

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