McDonald’s Global HQ
An office property in Chicago, Illinois. Securitized in 2 CMBS deals between 2020 and 2021.
$409.0MAppraised value (latest deal)
97.3%Occupancy
$20.1MUnderwritten NOI
4.9%Implied cap rate
- Address
- 110 North Carpenter Street, Chicago, IL 60607
- Property type
- Office · CBD
- Year built
- 2018
- Size
- 575,018 SF
- Sponsor
- Normandy Properties
- Loan purpose
- Acquisition
- Largest tenant
- McDonald’s
Appearances in CMBS deals
| Deal | Cut-off / filing | Appraised | Occ. | UW NOI | Cap | Loan / alloc. bal. | LTV | DSCR | Source |
|---|---|---|---|---|---|---|---|---|---|
| BANK 2020-BNK30 | 2020-12-22 | $409.0M | 97.3% | $20.1M | 4.9% | $69.7M | 41.4% | 1.45x | 424B |
| BANK 2021-BNK36 | 2021-10-07 | $409.0M | 97.3% | $20.1M | 4.9% | $14.3M | 39.6% | 1.45x | 424B |
Historical NOI reported in BANK 2021-BNK36
| Period ending | NOI |
|---|---|
| 8/31/2020 | $10.8M |
| 12/31/2019 | $7.9M |
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%.