One North Wacker
An office property in Chicago, Illinois. Securitized in 1 CMBS deal in 2021.
$664.0MAppraised value (latest deal)
81.3%Occupancy
$31.3MUnderwritten NOI
4.7%Implied cap rate
- Address
- 1 North Wacker Drive, Chicago, IL 60606
- Property type
- Office · CBD
- Year built
- 2001
- Size
- 1,412,035 SF
- Sponsor
- The Irvine Company
- Loan purpose
- Refinance
- Largest tenant
- Pricewaterhouse Coopers, LLP
Appearances in CMBS deals
| Deal | Cut-off / filing | Appraised | Occ. | UW NOI | Cap | Loan / alloc. bal. | LTV | DSCR | Source |
|---|---|---|---|---|---|---|---|---|---|
| BANK 2021-BNK36 | 2021-10-07 | $664.0M | 81.3% | $31.3M | 4.7% | $127.0M | 53.2% | 2.96x | 424B |
Historical NOI reported in BANK 2021-BNK36
| Period ending | NOI |
|---|---|
| 7/31/2021 | $30.7M |
| 6/30/2020 | $36.2M |
| 6/30/2019 | $32.9M |
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%.