Purchase Price To Be: $345 Million + 3% Fees.
This Has Location, Elegance, Now Price And Everything A Class A Office Tower In One Of America's Classic Cities Chicago....W. Randolph In The Business District
This In The Chicago West Loop Office Market....Zip Code Is 60606
This 30 Story Class Tower Simply Houses At&T....In Addition To The 30 Stories, There Are Three Penthouses And Two Sub Levels
This Troph Was Built In 1967, Renovated In 1991 And Then Again In 2007
The Lease That At&T Corporately Guarantee Is Good Thru 2022 & This Nnn Lease Has 3-Five Year Extensions Thereafter..Lease Contains 2% Annual Increases
At&T Has A Rating With Standard And Poor's
The Square Footage Is 853,250
The Net Operating Income Is $20,940,000
Cap Rate Is Incredible At 7.6% In Such A Big City And Market And Such A High End Asset
At&T Must Give A 24 Month Notice In Their Lease With Intent To Renew The Lease
At&T Occupies 100% Of The Building
Procedures: NCDA, LOI, MFA, And Proof Of Funds Mandatory.
Asking Price Over $20,000,000
Sales Available On Request
Profit Between $10,000,000 and $25,000,000
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