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
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