BAE Systems
An industrial property in Fort Wayne, Indiana. Securitized in 2 CMBS deals in 2017.
$65.4MAppraised value (latest deal)
$4.3MUnderwritten NOI
6.5%Implied cap rate
- Address
- 4300 Airport Expressway, Fort Wayne, IN 46801
- Property type
- Industrial · Manufacturing
- Year built
- 2015
- Size
- 333,750 SF
- Sponsor
- ETCL Venture LP
- Largest tenant
- BAE Systems Controls
Appearances in CMBS deals
| Deal | Cut-off / filing | Appraised | Occ. | UW NOI | Cap | Loan / alloc. bal. | LTV | DSCR | Source |
|---|---|---|---|---|---|---|---|---|---|
| BANK 2017-BNK5 | 2017-06-29 | $65.4M | 100.0% | $4.3M | 6.5% | $3.7M | 45.0% | 424B | |
| BANK 2017-BNK6 | 2017-07-27 | $65.4M | $4.3M | 6.5% | $5.1M | 45.0% | 3.54x | 424B |
More CMBS properties in Indiana →
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%.