Printers Square Garage 75 W Harrison St Immeuble | 8 710 m² | Spécialité | À vendre | Chicago, IL 60605

To view Offering Memorandum, please visit: https://www.cbredealflow.com/buyer/agreement?pv=--Gfy5EFsXjsR7oiVp8UVcTCWpJW1ahKQRYu7klab6dnIre8cm6ynuVWlOfzf8Ov
Opportunity to acquire a long-term leasehold interest in a 220-stall underground parking garage situated beneath a mixed-use development known as Printers Square in the South Loop neighborhood. It provides convenient parking access to nearby residential, commercial, and entertainment destinations. More specifically, the Printers Square block features 355 residential units above the parking garage in a prime location along the major thoroughfare of West Harrison Street with easy access throughout the neighborhood. The garage is well-lit and features building paid heating, electric, and exhaust.
The garage is under a 99-year lease plus three 50 year extension options that have been exercised, allowing for a lease term in total of 249 years. The building ownership provides the utilities, heating, lighting, security and also maintains the elevators and pedestrian access/exits to the garage. The garage maintains the ticketing & payment machines, along with the ingress & egress garage doors at the base of the ramp to/from Harrison Street.