510 John Dodd Road
An industrial property in Spartanburg, South Carolina. Securitized in 4 CMBS deals in 2022.
$112.5MAppraised value (latest deal)
100.0%Occupancy
$4.6MUnderwritten NOI
4.1%Implied cap rate
- Address
- 510 John Dodd Road, Spartanburg, SC 29303
- Property type
- Industrial · Warehouse / Distribution
- Year built
- 2012
- Size
- 1,015,740 SF
- Sponsor
- Industrial Logistics Properties Trust
- Loan purpose
- Recapitalization
- Largest tenant
- Amazon.com Services
Appearances in CMBS deals
| Deal | Cut-off / filing | Appraised | Occ. | UW NOI | Cap | Loan / alloc. bal. | LTV | DSCR | Source |
|---|---|---|---|---|---|---|---|---|---|
| MSC 2022-L8 | 2022-04-07 | $112.5M | 100.0% | $4.6M | 4.1% | $2.5M | 29.0% | 3.12x | 424B |
| WFCM 2022-C62 | 2022-04-18 | $112.5M | 100.0% | $4.6M | 4.1% | $1.5M | 29.0% | 3.12x | 424B |
| BANK 2022-BNK41 | 2022-05-05 | $112.5M | 100.0% | $4.6M | 4.1% | $1.2M | 29.0% | 3.12x | 424B |
| BBCMS 2022-C16 | 2022-06-28 | $112.5M | 100.0% | $4.6M | 4.1% | $4.1M | 29.0% | 3.12x | 424B |
Historical NOI reported in BBCMS 2022-C16
| Period ending | NOI |
|---|---|
| 12/31/2021 | $4.4M |
| 12/31/2020 | $4.2M |
| 12/31/2019 | $4.4M |
More CMBS properties in South Carolina →
Figures are read from Annex A-1 of the trust's SEC prospectus as of the deal's cut-off date. Parsing can misread a cell; the prospectus link is the authoritative source. Implied cap rate = underwritten NOI ÷ appraised value, shown only between 2% and 20%.