McClellan Park
An industrial property in McClellan, California. Securitized in 2 CMBS deals between 2020 and 2021.
$595.0MAppraised value (latest deal)
86.8%Occupancy
$37.6MUnderwritten NOI
6.3%Implied cap rate
- Address
- Various, McClellan, CA 95652
- Property type
- Industrial · Warehouse
- Year built
- 1938
- Size
- 6,925,484 SF
- Sponsor
- McClellan Business Park, LLC
- Loan purpose
- Refinance
- Largest tenant
- Amazon
Appearances in CMBS deals
| Deal | Cut-off / filing | Appraised | Occ. | UW NOI | Cap | Loan / alloc. bal. | LTV | DSCR | Source |
|---|---|---|---|---|---|---|---|---|---|
| BANK 2020-BNK30 | 2020-12-22 | $595.0M | 86.8% | $37.6M | 6.3% | $75.0M | 60.2% | 424B | |
| BANK 2021-BNK32 | 2021-03-24 | $595.0M | 86.8% | $37.6M | 6.3% | $16.6M | 60.2% | 424B |
Historical NOI reported in BANK 2021-BNK32
| Period ending | NOI |
|---|---|
| 9/30/2020 TTM | $29.6M |
| 12/31/2019 | $27.6M |
| 12/31/2018 | $24.9M |
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%.