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125 South Lower Wacker Serv...

Jordan Menashe Of Menashe Properties Secures $35 Million Loan For Office Acquisition In Chicago
FINANCEDOffice

Jordan Menashe Of Menashe Properties Secures $35 Million Loan For Office Acquisition In Chicago

125 South Lower Wacker Service Drive

$35,000,000

$60/SF

Building Size

577,000 SF

Asset Type

Office

Closing

Oct 29, 2025

AI

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.

Players

MP
Menashe PropertiesLender

Jordan Menashe

Menashe Properties

Landlord

$253.6M

vol

7 deals

Landlord

Chicago Office Market Snapshot

Boundary boundary · Office · Loan transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.45%

Cash-on-Cash

-0.13%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93