Arundel Mills and Marketplace
A retail property in Hanover, Maryland. Securitized in 1 CMBS deal in 2024.
$870.6MAppraised value (latest deal)
98.3%Occupancy
$57.9MUnderwritten NOI
6.7%Implied cap rate
- Address
- 7000 and 7600 Arundel Mills Circle, Hanover, MD 21076
- Property type
- Retail · Super Regional Mall
- Year built
- 2000, 2002, 2012
- Size
- 1,938,983 SF
- Sponsor
- Simon Property Group, L.P.
- Loan purpose
- Refinance
- Largest tenant
- Live Casino Hotel Maryland
Appearances in CMBS deals
| Deal | Cut-off / filing | Appraised | Occ. | UW NOI | Cap | Loan / alloc. bal. | LTV | DSCR | Source |
|---|---|---|---|---|---|---|---|---|---|
| BMO 2024-C9 | 2024-07-02 | $870.6M | 98.3% | $57.9M | 6.7% | $5.0M | 41.4% | 1.98x | 424B |
Historical NOI reported in BMO 2024-C9
| Period ending | NOI |
|---|---|
| 8/31/2023 | $51.5M |
| 12/31/2022 | $52.8M |
| 12/31/2021 | $52.0M |
More CMBS properties in Maryland →
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%.