Cleveland American Industrial
An industrial property in Cleveland, Ohio. Securitized in 1 CMBS deal in 2023.
$65.8MAppraised value (latest deal)
85.6%Occupancy
$4.6MUnderwritten NOI
7.0%Implied cap rate
- Address
- 1 American Road, Cleveland, OH 44144
- Property type
- Industrial · Warehouse/Distribution
- Year built
- 1978
- Size
- 1,142,265 SF
- Sponsor
- Industrial Commercial Properties and Industrial Realty Group
- Loan purpose
- Refinance
- Largest tenant
- Graphic Packaging International
Appearances in CMBS deals
| Deal | Cut-off / filing | Appraised | Occ. | UW NOI | Cap | Loan / alloc. bal. | LTV | DSCR | Source |
|---|---|---|---|---|---|---|---|---|---|
| BMO 2023-5C1 | 2023-08-16 | $65.8M | 85.6% | $4.6M | 7.0% | $9.0M | 58.5% | 1.39x | 424B |
Historical NOI reported in BMO 2023-5C1
| Period ending | NOI |
|---|---|
| 1/31/2023 | $3.0M |
| 12/31/2022 | $2.9M |
More CMBS properties in Ohio →
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%.