Clackamas Town Center
A retail property in Happy Valley, Oregon. Securitized in 1 CMBS deal in 2026.
$248.2MAppraised value (latest deal)
94.6%Occupancy
$24.5MUnderwritten NOI
9.9%Implied cap rate
- Address
- 12000 Southeast 82nd Avenue, Happy Valley, OR 97086
- Property type
- Retail · Super Regional Mall
- Year built
- 1981
- Size
- 640,836 SF
- Sponsor
- GGP Retail LLC
- Loan purpose
- Refinance
- Largest tenant
- Century Theatres
Appearances in CMBS deals
| Deal | Cut-off / filing | Appraised | Occ. | UW NOI | Cap | Loan / alloc. bal. | LTV | DSCR | Source |
|---|---|---|---|---|---|---|---|---|---|
| BBCMS 2026-5C43 | 2026-10-14 | $248.2M | 94.6% | $24.5M | 9.9% | $97.0M | 50.4% | 2.63x | 424B |
Historical NOI reported in BBCMS 2026-5C43
| Period ending | NOI |
|---|---|
| 5/31/2026 | $22.6M |
| 12/31/2025 | $22.0M |
| 12/31/2024 | $23.1M |
More CMBS properties in Oregon →
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%.