Fairfax Corner
A mixed-use property in Fairfax, Virginia. Securitized in 1 CMBS deal in 2015.
$92.0MAppraised value (latest deal)
95.9%Occupancy
$5.1MUnderwritten NOI
5.6%Implied cap rate
- Address
- 4100 Monument Corner Drive, Fairfax, VA 22030
- Property type
- Mixed Use · Retail/Office
- Year built
- 2003
- Size
- 182,331 SF
- Sponsor
- Milton V. Peterson
- Loan purpose
- Refinance
- Largest tenant
- REI
Appearances in CMBS deals
| Deal | Cut-off / filing | Appraised | Occ. | UW NOI | Cap | Loan / alloc. bal. | LTV | DSCR | Source |
|---|---|---|---|---|---|---|---|---|---|
| MSBAM 2015-C23 | 2015-06-18 | $92.0M | 95.9% | $5.1M | 5.6% | $58.5M | 63.6% | 1.45x | 424B |
Historical NOI reported in MSBAM 2015-C23
| Period ending | NOI |
|---|---|
| 2/28/2015 TTM | $4.9M |
| 12/31/2013 | $5.2M |
| 12/31/2012 | $4.8M |
More CMBS properties in Virginia →
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%.