Landstown Commons
A retail property in Virginia Beach, Virginia. Securitized in 1 CMBS deal in 2026.
$105.2MAppraised value (latest deal)
94.6%Occupancy
$7.7MUnderwritten NOI
7.3%Implied cap rate
- Address
- 3300 and 3352 Princess Anne Road, Virginia Beach, VA 23456
- Property type
- Retail · Anchored
- Year built
- 1981
- Size
- 407,261 SF
- Sponsor
- Yale I. Paprin
- Loan purpose
- Acquisition
- Largest tenant
- Best Buy
Appearances in CMBS deals
| Deal | Cut-off / filing | Appraised | Occ. | UW NOI | Cap | Loan / alloc. bal. | LTV | DSCR | Source |
|---|---|---|---|---|---|---|---|---|---|
| WFCM 2026-C66 | 2026-03-30 | $105.2M | 94.6% | $7.7M | 7.3% | $10.0M | 69.8% | 1.58x | 424B |
Historical NOI reported in WFCM 2026-C66
| Period ending | NOI |
|---|---|
| 9/30/2025 | $7.6M |
| 12/31/2024 | $7.6M |
| 12/31/2023 | $6.7M |
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%.