3M Distribution Facility
An industrial property in DeKalb, Illinois. Securitized in 2 CMBS deals in 2018.
$72.3MAppraised value (latest deal)
100.0%Occupancy
$4.3MUnderwritten NOI
6.0%Implied cap rate
- Address
- 1650 Macom Drive, DeKalb, IL 60115
- Property type
- Industrial · Warehouse Distribution
- Year built
- 2016
- Size
- 978,120 SF
- Sponsor
- Griffin Capital Company, LLC
- Loan purpose
- Refinance
- Largest tenant
- 3M
Appearances in CMBS deals
| Deal | Cut-off / filing | Appraised | Occ. | UW NOI | Cap | Loan / alloc. bal. | LTV | DSCR | Source |
|---|---|---|---|---|---|---|---|---|---|
| MSC 2018-H3 | 2018-07-12 | $72.3M | 100.0% | $4.3M | 6.0% | $14.0M | 60.2% | 424B | |
| MSC 2018-L1 | 2018-10-23 | $72.3M | 100.0% | $4.3M | 6.0% | $10.5M | 60.2% | 424B |
Historical NOI reported in MSC 2018-L1
| Period ending | NOI |
|---|---|
| 12/31/2017 | $4.3M |
More CMBS properties in Illinois →
Figures are read from Annex A-1 of the trust's SEC prospectus as of the deal's cut-off date. Parsing can misread a cell; the prospectus link is the authoritative source. Implied cap rate = underwritten NOI ÷ appraised value, shown only between 2% and 20%.