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
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