Bayshore Mall
A retail property in Eureka, California. Securitized in 1 CMBS deal in 2015.
$69.0MAppraised value (latest deal)
88.9%Occupancy
$4.7MUnderwritten NOI
6.8%Implied cap rate
- Address
- 3300 Broadway Street, Eureka, CA 95501
- Property type
- Retail · Regional Mall
- Year built
- 1987
- Size
- 515,912 SF
- Sponsor
- Rouse Properties, LP
- Loan purpose
- Refinance
- Largest tenant
- Sears
Appearances in CMBS deals
| Deal | Cut-off / filing | Appraised | Occ. | UW NOI | Cap | Loan / alloc. bal. | LTV | DSCR | Source |
|---|---|---|---|---|---|---|---|---|---|
| CSAIL 2015-C1 | 2015-03-20 | $69.0M | 88.9% | $4.7M | 6.8% | $23.5M | 67.4% | 1.62x | 424B |
Historical NOI reported in CSAIL 2015-C1
| Period ending | NOI |
|---|---|
| YTD 12/31/2014 | $4.6M |
| 2013 | $3.7M |
| 2012 | $2.6M |
More CMBS properties in California →
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%.