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Futures Trading Firm Acquires Office Suite At 211 West Wacker Drive In Chicago For $1.3M
SOLD
$1,300,000
Illinois
See Similar DealsOffice8,700 SF
Sold 05/09/2025
SOLD
Futures Trading Firm Acquires Office Suite At 211 West Wacker Drive In Chicago For $1.3M
211 West Upper Wacker Drive
See Similar DealsOffice8,700 SF
Sold 05/09/2025
Summary
ILLINOIS
Asset Type:Office
Price Per Square Foot:$149
Total Square Footage:8,700 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$69,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$4,618.64
Cash-on-Cash Return-1.27%
Monthly Debt Service$6,162.66
Annual Debt Service$73,951.96
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