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211 West Upper Wacker Drive

Futures Trading Firm Acquires Office Suite At 211 West Wacker Drive In Chicago For $1.3M
SOLDOffice

Futures Trading Firm Acquires Office Suite At 211 West Wacker Drive In Chicago For $1.3M

211 West Upper Wacker Drive

$1,300,000

$149/SF

Building Size

8,700 SF

Asset Type

Office

Closing

May 9, 2025

AI

An office suite at 211 West Wacker Drive, located in the Chicago market, has been sold. The sale price of this 8,700 square foot property was $1,300,000, resulting in a price per square foot of $149.

Summary of transaction details:

  • Property Type: Office
  • Transaction Amount: $1,300,000
  • Square Footage: 8,700
  • Address: 211 West Wacker Drive
  • Market: Chicago
  • Price Per Square Foot: $149

SVN Chicago representatives Tim Rasmussen and Jim Mead facilitated the acquisition for a futures trading firm, which is looking to expand its presence in downtown Chicago. The buyer purchased the space at a discount compared to historical pricing in the area.

Players

Tim Rasmussen

SVN

Broker

$13.6M

vol

8 deals

Broker

Chicago Office Market Snapshot

Boundary boundary · Office · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

12.20%

Cash-on-Cash

-3.49%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93