FedEx - Elmsford, NY
An industrial property in Elmsford, New York. Securitized in 1 CMBS deal in 2016.
$155.9MAppraised value (latest deal)
100.0%Occupancy
$9.0MUnderwritten NOI
5.8%Implied cap rate
- Address
- 300 Waterside Drive, Elmsford, NY 10523
- Property type
- Industrial · Warehouse/Distribution
- Year built
- 2016
- Size
- 323,502 SF
- Sponsor
- PA-SC Venture I Equity Sub LLC
- Loan purpose
- Acquisition
- Largest tenant
- FedEx
Appearances in CMBS deals
| Deal | Cut-off / filing | Appraised | Occ. | UW NOI | Cap | Loan / alloc. bal. | LTV | DSCR | Source |
|---|---|---|---|---|---|---|---|---|---|
| CD 2016-CD2 | 2016-12-08 | $155.9M | 100.0% | $9.0M | 5.8% | $34.4M | 44.2% | 3.16x | 424B |
More CMBS properties in New York →
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%.