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Updated over 10 years ago on . Most recent reply

User Stats

36
Posts
5
Votes
Adam L.
  • Chicago, IL
5
Votes |
36
Posts

Need help finding office tenants (Chicago)

Adam L.
  • Chicago, IL
Posted

Hello,

I have a office building located in Chicago. I am having a difficult time placing tenants in the building. I purchased it in 2012 empty with a ton of deferred maintenance. I did a major rehab to the building in hopes to attract new tenants. I currently only have about 15% occupancy and am bleeding money everyday just to keep the building afloat. I do not think it is a pricing issue but more of an exposure issue. The building is set back from the main road so needs to be a destination type of tenant. The location could be better but the population in this area is pretty dense and there are no similar buildings at this price point. I attached my craigslist ad. Any ideas are really appreciated especially from local Chicago investors. Main problem is I am in Ca and this building is in Chicago. thanks Adam

http://chicago.craigslist.org/chc/off/4706479442.html

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