Westbrook Corporate Center
An office property in Westchester, Illinois. Securitized in 1 CMBS deal in 2018.
$136.0MAppraised value (latest deal)
83.7%Occupancy
$12.5MUnderwritten NOI
9.2%Implied cap rate
- Address
- 1-5 Westbrook Corporate Center, Westchester, IL 60154
- Property type
- Office · Suburban
- Year built
- 1986-1996
- Size
- 1,140,369 SF
- Sponsor
- Raymond Massa
- Loan purpose
- Acquisition
- Largest tenant
- Follett Higher Education Group
Appearances in CMBS deals
| Deal | Cut-off / filing | Appraised | Occ. | UW NOI | Cap | Loan / alloc. bal. | LTV | DSCR | Source |
|---|---|---|---|---|---|---|---|---|---|
| MSC 2018-H3 | 2018-07-12 | $136.0M | 83.7% | $12.5M | 9.2% | $40.0M | 72.7% | 1.67x | 424B |
Historical NOI reported in MSC 2018-H3
| Period ending | NOI |
|---|---|
| 2/28/2018 TTM | $9.5M |
| 12/31/2017 | $9.4M |
| 12/31/2016 | $9.2M |
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%.