FCA USA - Detroit, MI
An industrial property in Detroit, Michigan. Securitized in 1 CMBS deal in 2024.
$130.9MAppraised value (latest deal)
100.0%Occupancy
$8.9MUnderwritten NOI
6.8%Implied cap rate
- Address
- 6836 Georgia Street, Detroit, MI 48211
- Property type
- Industrial · Warehouse / Distribution
- Year built
- 2015
- Size
- 997,022 SF
- Sponsor
- Global Net Lease Operating Partnership, L.P.
- Loan purpose
- Refinance
- Largest tenant
- Fiat Chrysler
Appearances in CMBS deals
| Deal | Cut-off / filing | Appraised | Occ. | UW NOI | Cap | Loan / alloc. bal. | LTV | DSCR | Source |
|---|---|---|---|---|---|---|---|---|---|
| BBCMS 2024-5C29 | 2024-09-18 | $130.9M | 100.0% | $8.9M | 6.8% | $5.2M | 53.8% | 2.12x | 424B |
Historical NOI reported in BBCMS 2024-5C29
| Period ending | NOI |
|---|---|
| 12/31/2023 | $8.1M |
| 12/31/2022 | $7.9M |
| 12/31/2021 | $7.0M |
More CMBS properties in Michigan →
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%.