Printers Square Garage 75 West Harrison Street

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.