Highland Landmark I
An office property in Downers Grove, Illinois. Securitized in 1 CMBS deal in 2015.
$64.6MAppraised value (latest deal)
87.4%Occupancy
$4.1MUnderwritten NOI
6.3%Implied cap rate
- Address
- 3075 Highland Parkway, Downers Grove, IL 60515
- Property type
- Office · Suburban
- Year built
- 1997
- Size
- 273,752 SF
- Loan purpose
- Refinance
- Largest tenant
- Advocate Health Care
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 | $64.6M | 87.4% | $4.1M | 6.3% | $45.0M | 69.7% | 1.43x | 424B |
Historical NOI reported in JPMBB 2015-C31
| Period ending | NOI |
|---|---|
| 12/31/2014 | $2.0M |
| 12/31/2013 | $1.2M |
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%.