Gurnee Mills
A retail property in Gurnee, Illinois. Securitized in 1 CMBS deal in 2017.
$417.0MAppraised value (latest deal)
91.1%Occupancy
$25.9MUnderwritten NOI
6.2%Implied cap rate
- Address
- 6170 West Grand Avenue, Gurnee, IL 60031
- Property type
- Retail · Super Regional Mall
- Year built
- 1991
- Size
- 201,439 SF
- Sponsor
- Simon Property Group, L.P.
- Loan purpose
- Refinance
- Largest tenant
- Sears Grand
Appearances in CMBS deals
| Deal | Cut-off / filing | Appraised | Occ. | UW NOI | Cap | Loan / alloc. bal. | LTV | DSCR | Source |
|---|---|---|---|---|---|---|---|---|---|
| CD 2017-CD6 | 2017-11-30 | $417.0M | 91.1% | $25.9M | 6.2% | $14.7M | 64.7% | 1.55x | 424B |
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%.