Chicago Ridge Mall
A retail property in Chicago Ridge, Illinois. Securitized in 1 CMBS deal in 2012.
$129.7MAppraised value (latest deal)
94.7%Occupancy
$10.8MUnderwritten NOI
8.3%Implied cap rate
- Address
- 444 Chicago Ridge Mall, Chicago Ridge, IL 60415
- Property type
- Retail · Super Regional Mall
- Year built
- 1981
- Size
- 154,000 SF
- Sponsor
- Star-West JV, LLC
- Loan purpose
- Acquisition
- Largest tenant
- Carson Pirie Scott &
Appearances in CMBS deals
| Deal | Cut-off / filing | Appraised | Occ. | UW NOI | Cap | Loan / alloc. bal. | LTV | DSCR | Source |
|---|---|---|---|---|---|---|---|---|---|
| COMM 2012-CCRE2 | 2012-08-21 | $129.7M | 94.7% | $10.8M | 8.3% | $80.0M | 61.7% | 2.74x | 424B |
Historical NOI reported in COMM 2012-CCRE2
| Period ending | NOI |
|---|---|
| most recent | $10.3M |
| 12/31/2011 | $10.4M |
| 12/31/2010 | $10.1M |
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%.