Prudential Plaza
An office property in Chicago, Illinois. Securitized in 2 CMBS deals between 2016 and 2017.
$700.0MAppraised value (latest deal)
77.1%Occupancy
$37.6MUnderwritten NOI
5.4%Implied cap rate
- Address
- 130 East Randolph Street & 180 North Stetson Avenue, Chicago, IL 60601
- Property type
- Office · CBD
- Year built
- 1955, 1990
- Size
- 2,269,632 SF
- Loan purpose
- Refinance
- Largest tenant
- Wilson Sporting Goods
Appearances in CMBS deals
| Deal | Cut-off / filing | Appraised | Occ. | UW NOI | Cap | Loan / alloc. bal. | LTV | DSCR | Source |
|---|---|---|---|---|---|---|---|---|---|
| CD 2016-CD2 | 2016-12-08 | $700.0M | 79.7% | $40.6M | 5.8% | $75.0M | 59.3% | 1.44x | 424B |
| JPMDB 2017-C5 | 2017-03-31 | $700.0M | 77.1% | $37.6M | 5.4% | $65.0M | 59.3% | 1.33x | 424B |
Historical NOI reported in JPMDB 2017-C5
| Period ending | NOI |
|---|---|
| 12/31/2015 | $21.2M |
| 12/31/2014 | $21.4M |
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%.