Fitch Ratings Provides $475M Loan For Retail Property At Oakbrook Center, Oak Brook
100 Oakbrook Center, Oak Brook, IL 60523, Estados Unidos
$475,000,000
$215/SF
Building Size
2,200,000 SF
Asset Type
Retail
Closing
Nov 1, 2020
About this deal
AI
Brookfield Property Partners and California Public Employees’ Retirement System have secured a $475,000,000 two-year, floating-rate loan for the retail property located at 100 Oakbrook Center in Oak Brook. The loan was provided by Fitch Ratings. Spanning over 2,200,000 square feet, the property is an expansive retail asset.
Summary of transation details
- Property Type: Retail
- Transaction Amount: $475,000,000
- Address: 100 Oakbrook Center
- Market: Oak Brook
- Lender: Fitch Ratings
- Landlord: Brookfield Property Partners & California Public Employees’ Retirement System
- Loan Terms: two-year, floating-rate
- SF: 2,200,000
This transaction involves Brookfield Property Partners and California Public Employees’ Retirement System, who acted as the landlords in the deal. The loan was provided by Fitch Ratings. The property, which spans over 2,200,000 square feet, is located at 100 Oakbrook Center in Oak Brook.
On the Map
$475,000,000
$215/SF
Retail
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Players
Oak Brook Retail Market Snapshot
Boundary boundary · Retail · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.03%
Cash-on-Cash
-0.01%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93