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Lombard Data Center / Office
$6,500,000 Acquisition Financing
Lombard, IL | July 2019
Thorofare Capital has funded a $6,500,000 short-term bridge loan to finance the acquisition of Lombard Data Center / Office, a mixed-use data center and office property located in Lombard, IL, a suburb approximately 20 miles West of Chicago.
The property is a 105,682 SF class B data center and office building consisting of 81,893 SF of traditional office and 23,789 SF of data center space. The asset is 80.6% occupied by a diversified rent roll of tenants, including a government sponsored entity that leases 14% of the net rentable area.
The 12-month, non-recourse, interest only loan was competitively priced over the 1-month LIBOR index and provides prepayment flexibility.
The sponsor is an Ireland-based, privately held investment firm that specializes in digital infrastructure, technology, media, telecommunications, and real estate.