Assets
Data Center · Elk Grove Village, Illinois

Equinix CH1 (Chicago Elk Grove)

350 East Cermak Road, Elk Grove Village, Illinois · Built 1992 · 8 floors
Partial
Current value
$640.0M
▲ 4.9% 1-yr (modeled)
Cap rate
5.95%
▲ 5 bps vs 5.90% submarket
NOI · derived
$38.1M
Value $/SF
$2,286
$514.6M$549.3M$584.0M$618.7M$653.4M201920202021202220232024Modeled trajectory — no observed history
sourcedmodeled0 of 6 sourced

Ownership & debt

Ownership graph

Asset → owner → parent → beneficial owner · every edge sourced

Ownership transparency

Recorded chain
Recorded owners
Digital Realty Trust (owner/landlord of 350 E Cermak Rd, Chicago; Equinix operates the CH1 colocation suite as tenant)
Fee simple
Digital Realty Trust
Fee simple
Ultimate beneficial owner — as recorded
Digital Realty Trust, Inc.
US-MD · Stock Corporation · Beneficial interest
Digital Realty Trust, Inc. — publicly traded REIT (NYSE: DLR). Operator/tenant Equinix is a separate REIT (NASDAQ: EQIX).
Beneficial interest
Corporate structures from GLEIF LEI Level-1/Level-2 data (CC0, golden copy 2026-07-26). Methodology

Debt

No publicly recorded debt
Debt appears here only when a recorded mortgage, deed of trust or securitization filing names this asset — nothing is inferred from ownership or market norms.
Securitized debt — SEC loan tape
No SEC ABS-EE loan-level filing is matched to this asset. Public loan tapes exist only for SEC-registered CMBS — most large-asset debt is 144A-private, balance-sheet or agency financed and files none.

Tenants & leasing

Equinix (CH1/CH2/CH4, floors 5, 6, 8)CME (Suite 120)AMS-IX (Suite 120)Server Central (Suite 500)
Per-tenant lease detail arrives with disclosed stacking plans.

Underwriting

Assumptions — user inputs, not sourced data: 5-year hold · exit cap +25 bps vs today · 3.0% NOI growth per year.
Assumptions — user inputs, not sourced data
Hold period
Exit cap vs today
+25 bps
NOI growth / yr
3.0%
Unlevered IRR
8.4%
Exit cap
6.20%
Exit value
$712.4M
Exit NOI
$44.2M
Unlevered IRR sensitivity — exit cap Δ × NOI growth
Exit Δ2.0%2.5%3.0%3.5%4.0%
-25 bps8.9%9.4%9.9%10.5%11.0%
0 bps8.1%8.6%9.1%9.7%10.2%
+25 bps7.3%7.9%8.4%8.9%9.4%
+50 bps6.6%7.2%7.7%8.2%8.7%
+75 bps6.0%6.5%7.0%7.5%8.0%
Modeled output — not investment advice. Derived from the assumptions above, not sourced claims.

Provenance footnotes

  1. Current value: Estimated — no sourced claim on file.
  2. Cap rate: Estimated — no sourced claim on file.
  3. NOI: Estimated — no sourced claim on file.
  4. $/SF: Estimated — no sourced claim on file.
  5. GLA: Estimated — no sourced claim on file.
  6. Ownership — Digital Realty Trust (owner/landlord of 350 E Cermak Rd, Chicago; Equinix operates the CH1 colocation suite as tenant): Single source — datacenterhawk.com · https://datacenterhawk.com/marketplace/providers/equinix/350-east-cermak-road-floors-5-6-8/ch1-ch2-ch4
  7. Ownership — Digital Realty Trust: Single source — baxtel.com · https://baxtel.com/data-center/350-e-cermak-digital-realty
  8. Tenant — Equinix (CH1/CH2/CH4, floors 5, 6, 8): Single source — datacenterhawk.com · https://datacenterhawk.com/marketplace/providers/equinix/350-east-cermak-road-floors-5-6-8/ch1-ch2-ch4
  9. Tenant — CME (Suite 120): Single source — baxtel.com · https://baxtel.com/data-center/350-e-cermak-digital-realty
  10. Tenant — AMS-IX (Suite 120): Single source — baxtel.com · https://baxtel.com/data-center/350-e-cermak-digital-realty
  11. Tenant — Server Central (Suite 500): Single source — baxtel.com · https://baxtel.com/data-center/350-e-cermak-digital-realty

Modeled figures — LTV, debt yield, DSCR, cash-on-cash, occupancy, WALT, tenant concentration and every underwriting output are derived arithmetic, not sourced claims. Underwriting outputs follow the assumptions printed in the panel — user-editable inputs, not observations. Not investment advice.

Anchoring begins when the asset enters the live ledger.