2950 West Grand Avenue, Chicago, IL 60622

Cushman and Wakefield presents for sale the fee simple interest in a 35,325 square foot building located at 2950 West Grand Avenue, Chicago, IL ["the Property"]. First Ascent Climbing & Fitness recently executed a new ten-year lease on 35,325 square feet for its third location in the market, following the investment of $1.1 Million towards base building improvements, interior work and exterior renovations by ownership. The Property is currently 100% occupied and considered a state of the art indoor climbing facility with enclosed parking. The current tenant recently signed a lease on 4,592 SF of additional space, relocating their headquarters on-site.

The Property is well positioned at the northeast corner of Grand Avenue and Sacramento Boulevard, in the rapidly gentrifying Chicago neighborhood of Humboldt Park. The immediate area has seen a dramatic uptick in development and increase in property values following the unveiling of "The 606" – a running and biking trail, linking Humboldt Park to nearby Logan Square, Bucktown and Wicker Park neighborhoods. The prime urban location coupled with high-quality internet resistant tenancy makes this asset a compelling opportunity for the investor seeking a stable rental income stream with value-add upside in an improving submarket.