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1420 Kensington Road, Oak B...

Credit Suisse Provides $350 Million Floating-Rate Loan For Office Portfolio In Oak Brook, Rosemont, Warrenville, Kennesaw, Alpharetta & Atlanta
FINANCEDOffice

Credit Suisse Provides $350 Million Floating-Rate Loan For Office Portfolio In Oak Brook, Rosemont, Warrenville, Kennesaw, Alpharetta & Atlanta

1420 Kensington Road, Oak Brook, Illinois 60523, United States

$350,000,000

Building Size

Asset Type

Office

Closing

Jul 6, 2021

AI

The office properties located at 1420-1520 Kensington Road, 5600 North River Road, 9450 West Bryn Mawr Avenue, 28100 Torch Parkway, 1701 Barrett Lakes Boulevard, 30000 Mill Creek Avenue, 125-500 TownPark Drive, 1000 Parkwood Circle, and 1600 Parkwood Circle have recently been involved in a loan transaction. The properties are situated in Oak Brook, Rosemont, Warrenville, Kennesaw, Alpharetta, and Atlanta.

Summary of transaction details

The loan transaction involved a loan amount of $350,000,000 provided by Credit Suisse. The landlord for the properties is Adventus Realty Trust. The deal was facilitated by brokers Jay Miller, Spencer Miller, and AJ Felberbaum from BayBridge Real Estate Capital.

Players

Aj Felberbaum

BayBridge Real Estate Capital

Broker

$2.4B

vol

31 deals

Broker
Credit Suisse
Credit SuisseLender

Oak Brook 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

0.05%

Cash-on-Cash

-0.01%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93