Bank of America Center
An office property in Richmond, Virginia. Securitized in 1 CMBS deal in 2018.
$112.2MAppraised value (latest deal)
84.5%Occupancy
$7.0MUnderwritten NOI
6.3%Implied cap rate
- Address
- 1111 East Main Street, Richmond, VA 23219
- Property type
- Office · CBD
- Year built
- 1974
- Size
- 85,072 SF
- Sponsor
- Gerard Alexander Sponsor LLC
- Loan purpose
- Refinance
- Largest tenant
- Bank of America
Appearances in CMBS deals
| Deal | Cut-off / filing | Appraised | Occ. | UW NOI | Cap | Loan / alloc. bal. | LTV | DSCR | Source |
|---|---|---|---|---|---|---|---|---|---|
| CD 2018-CD7 | 2018-08-24 | $112.2M | 84.5% | $7.0M | 6.3% | $50.5M | 53.9% | 2.14x | 424B |
More CMBS properties in Virginia →
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%.