Cumberland Mall
A retail property in Atlanta, Georgia. Securitized in 1 CMBS deal in 2023.
$368.0MAppraised value (latest deal)
98.7%Occupancy
$24.8MUnderwritten NOI
6.7%Implied cap rate
- Address
- 2860 Cumberland Mall Southeast, Atlanta, GA 30339
- Property type
- Retail · Super Regional Mall
- Year built
- 1973
- Size
- 709,318 SF
- Sponsor
- BPR Nimbus LLC
- Loan purpose
- Refinance
- Largest tenant
- Costco
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 | $368.0M | 98.7% | $24.8M | 6.7% | $52.0M | 48.9% | 1.66x | 424B |
Historical NOI reported in BMO 2023-5C1
| Period ending | NOI |
|---|---|
| 1/31/2023 | $24.1M |
| 12/31/2022 | $24.3M |
| 12/31/2021 | $23.2M |
More CMBS properties in Georgia →
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%.