590 Northport Parkway
An industrial property in Savannah, Georgia. Securitized in 2 CMBS deals in 2026.
$74.2MAppraised value (latest deal)
100.0%Occupancy
$3.7MUnderwritten NOI
5.0%Implied cap rate
- Address
- 590 Northport Parkway, Savannah, GA 31407
- Property type
- Industrial · Warehouse/Distribution
- Year built
- 2017
- Size
- 831,764 SF
- Sponsor
- Industrial Logistics Properties Trust
- Loan purpose
- Refinance
- Largest tenant
- Shaw Industries
Appearances in CMBS deals
| Deal | Cut-off / filing | Appraised | Occ. | UW NOI | Cap | Loan / alloc. bal. | LTV | DSCR | Source |
|---|---|---|---|---|---|---|---|---|---|
| BANK5 2026-5YR22 | 2026-05-26 | $74.2M | 100.0% | $3.7M | 5.0% | $2.8M | 49.8% | 1.93x | 424B |
| BMO 2026-5C15 | 2026-06-16 | $74.2M | 100.0% | $3.7M | 5.0% | $1.6M | 49.8% | 1.93x | 424B |
Historical NOI reported in BMO 2026-5C15
| Period ending | NOI |
|---|---|
| 9/30/2025 | $3.6M |
| 12/31/2024 | $3.6M |
| 12/31/2023 | $3.5M |
More CMBS properties in Georgia →
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%.