Bank Of America Provides $147.5M Loan For Chicago Office Property At 8600-8700 West Bryn Mawr Avenue
8600 West Bryn Mawr Avenue, Chicago, IL, USA
$147,500,000
$58,300/SF
Building Size
2,530 SF
Asset Type
Office
Closing
Jul 21, 2020
AI
The office property located at 8600-8700 West Bryn Mawr Avenue in Chicago has been involved in a recent transaction. The property, spanning 14.1 acres, was part of a loan deal.
Summary of transaction details:
- Property Type: Office
- Loan Amount: $147,500,000
- Address: 8600-8700 West Bryn Mawr Avenue
- Market: Chicago
The loan was provided by Bank of America, while the landlord's representatives were Angelo Gordon & Glenstar Properties. The deal was facilitated by the brokers Chris Kramer, Nick Scribani, Eden Abraham, Ben Kroll, Jordan Roeschlaub, and Dustin Stolly from Newmark.
Please note that no further information regarding the transaction was provided.
Players
Chicago Office Market Snapshot
Boundary boundary · Office · Loan transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.11%
Cash-on-Cash
-0.03%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93