Civic Opera Building
An office property in Chicago, Illinois. Securitized in 1 CMBS deal in 2015.
$220.0MAppraised value (latest deal)
92.4%Occupancy
$14.6MUnderwritten NOI
6.6%Implied cap rate
- Address
- 20 North Wacker Drive, Chicago, IL 60606
- Property type
- Office · CBD
- Year built
- 1929
- Size
- 915,162 SF
- Loan purpose
- Refinance
- Largest tenant
- Cassiday Schade LLP
Appearances in CMBS deals
| Deal | Cut-off / filing | Appraised | Occ. | UW NOI | Cap | Loan / alloc. bal. | LTV | DSCR | Source |
|---|---|---|---|---|---|---|---|---|---|
| JPMBB 2015-C31 | 2015-08-28 | $220.0M | 92.4% | $14.6M | 6.6% | $89.0M | 74.5% | 1.28x | 424B |
Historical NOI reported in JPMBB 2015-C31
| Period ending | NOI |
|---|---|
| 12/31/2014 | $9.4M |
| 12/31/2013 | $7.2M |
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%.