Investment Summary
Cushman & Wakefield’s National Office Advisory Group has been retained as the exclusive advisor and agent to offer for sale to qualified investors the 100% fee simple interest in 318 North Carpenter (the “Property” or “Building”), a newly delivered trophy-quality creative office and showroom asset located in the heart of Chicago’s Fulton Market District. Originally rooted in the neighborhood’s historic meatpacking and industrial past, Fulton Market has rapidly transformed into Chicago’s premier live-work-play destination and one of the nation’s most dynamic urban infill submarkets, attracting an unparalleled mix of corporate tenants, luxury residential development, hospitality, and experiential retail. Positioned at the center of one of the neighborhood’s most active development corridors, 318 North Carpenter is surrounded by significant recent and planned institutional investment that continues to reinforce the area’s emergence as Fulton Market’s next “Main-and-Main” location with substantial long-term growth and amenity expansion still ahead.
Investment Highlights
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NEWLY CONSTRUCTED, TROPHY OFFICE INVESTMENT OPPORTUNITY
BOUTIQUE, AUTHENTIC, STATE-OF-THE-ART OFFICE & RETAIL BUILDING
SIMPLE & STRAIGHTFORWARD BUSINESS PLAN
RENT ROLL PROVIDING INCOME DIVERSIFICATION ACROSS OFFICE, RETAIL & SHOWROOM TENANCY
DIRECTLY IN THE PATH OF PROGRESS & ON-GOING SURROUNDING DEVELOPMENT
FULTON MARKET: CHICAGO’S MOST DYNAMIC & DESIRABLE SUBMARKET
THE POWER OF RESETTING BASIS WITH LIMITED DEVELOPMENT PIPELINE LOOKING FORWARD
Property Summary
Year Built
2020
Stories
8
Net Rentable Area
Avg. Floor Plate Size
104,850 SF
15,227 SF
Occupancy
78.4%
Garage Parking Spaces
27
# of Tenants
9
Avg. Tenant Size
9,134 SF
Weighted Avg. Remaining Lease Term (WALT)
7.6 Yrs.
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