Jordan Menashe Of Menashe Properties Secures $35 Million Loan For Office Acquisition In Chicago
FINANCED
$35,000,000
Illinois
See Similar DealsOffice577,000 SF
Financed 10/30/2025
FINANCED
Jordan Menashe Of Menashe Properties Secures $35 Million Loan For Office Acquisition In Chicago
125 South Lower Wacker Service Drive
See Similar DealsOffice577,000 SF
Financed 10/30/2025
Summary
ILLINOIS
Asset Type:Office
Price Per Square Foot:$60
Total Square Footage:577,000 SF
Transaction Type:Loan
The asset involved in this transaction is an office property located at 125 South Wacker Drive in Chicago, IL. The property encompasses a total of 577,000 square feet and is part of the office market in the area. The loan amount secured for this acquisition is $35,000,000.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $35,000,000
- Address: 125 South Wacker Drive
- Market: Chicago, IL
- Asset Size: 577,000 SF
- Lender: Scott Larson & Alex Guckien - Obra Real Estate
- Landlord: Jordan Menashe - Menashe Properties
- Loan Type: Acquisition
This transaction is represented by Scott Larson and Alex Guckien, who acted on behalf of Obra Real Estate as lenders in the deal. Jordan Menashe, representing Menashe Properties, is the landlord associated with the transaction.
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$35,000,000.00
Monthly NOI$233,333.33
Monthly Debt Service$221,223.81
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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