Del Amo Fashion Center
A retail property in Torrance, California. Securitized in 2 CMBS deals in 2017.
$1.16BAppraised value (latest deal)
$59.3MUnderwritten NOI
5.1%Implied cap rate
- Address
- 3525 West Carson Street, Torrance, CA 90503
- Property type
- Retail · Super Regional Mall
- Year built
- 1961
- Size
- 1,769,525 SF
- Sponsor
- Simon Property Group, L.P.; Commingled Pension Trust Fund (Strategic Property) of JPMorgan
- Largest tenant
- J.C. Penney
Appearances in CMBS deals
| Deal | Cut-off / filing | Appraised | Occ. | UW NOI | Cap | Loan / alloc. bal. | LTV | DSCR | Source |
|---|---|---|---|---|---|---|---|---|---|
| BANK 2017-BNK5 | 2017-06-29 | $1.16B | 85.2% | $59.3M | 5.1% | $90.0M | 39.8% | 424B | |
| BANK 2017-BNK6 | 2017-07-27 | $1.16B | $59.3M | 5.1% | $59.5M | 39.8% | 3.34x | 424B |
Historical NOI reported in BANK 2017-BNK6
| Period ending | NOI |
|---|---|
| 3/31/2017 TTM | $53.2M |
| 12/31/2016 | $51.1M |
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%.