Assets
Office · Chicago Loop

One South Dearborn

1 South Dearborn Street, Chicago Loop · Built 2007 · 39 floors
Partial
Current value
$520.0M
1.9% 1-yr (modeled)
Cap rate
Free account
Value $/SF
$452
$418.1M$446.3M$474.5M$502.7M$530.9M201920202021202220232024Modeled trajectory — no observed history
sourcedmodeled0 of 6 sourced

Ownership & debt

Ownership chain & debt stack
Owner of record: Starwood Capital Group (via Starwood Global Opportunity Fund X), with Vanderbilt Office Properties.
2 recorded holders · 2 beneficial owners · chain resolves 2 levels, with each holder's interest percentage and class.
2 debt tranches on file — lender, principal, rate and maturity.

Financials

Financial model
Effective gross income, operating expenses, DSCR, cash-on-cash, mark-to-market and replacement cost — the income side of the underwrite.

Tenants & leasing

Tenant roster & leasing
1 tenant of record, with GLA, floor, lease expiration and base rent — plus occupancy, WALT and the rollover stack.

Underwriting

Underwriting
Unlevered and levered IRR, equity multiple, exit math and a live sensitivity grid — built on the NOI, the debt stack and the rent roll above.