Brier Creek Commons
A retail property in Raleigh, North Carolina. Securitized in 1 CMBS deal in 2023.
$136.2MAppraised value (latest deal)
98.5%Occupancy
$8.8MUnderwritten NOI
6.5%Implied cap rate
- Address
- 8811, 8331, 8341, 8011, 8161 and 8115 Brier Creek Parkway and 10370 Lu, Raleigh, NC 27617
- Property type
- Retail · Anchored
- Year built
- 2001
- Size
- 519,277 SF
- Sponsor
- Maria Beatrice Countess Arco
- Loan purpose
- Refinance
- Largest tenant
- BJ's Wholesale Club
Appearances in CMBS deals
| Deal | Cut-off / filing | Appraised | Occ. | UW NOI | Cap | Loan / alloc. bal. | LTV | DSCR | Source |
|---|---|---|---|---|---|---|---|---|---|
| BMO 2023-C5 | 2023-06-21 | $136.2M | 98.5% | $8.8M | 6.5% | $65.0M | 62.4% | 1.25x | 424B |
Historical NOI reported in BMO 2023-C5
| Period ending | NOI |
|---|---|
| 2/28/2023 | $8.7M |
| 12/31/2022 | $8.6M |
| 12/31/2021 | $8.5M |
More CMBS properties in North Carolina →
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%.