Meridian Building
An office property in Columbia, South Carolina. Securitized in 1 CMBS deal in 2015.
$66.0MAppraised value (latest deal)
91.2%Occupancy
$5.7MUnderwritten NOI
8.6%Implied cap rate
- Address
- 1320 Main Street, Columbia, SC 29201
- Property type
- Office · CBD
- Year built
- 2004
- Size
- 334,075 SF
- Loan purpose
- Acquisition
- Largest tenant
- Nelson Mullins Riley
Appearances in CMBS deals
| Deal | Cut-off / filing | Appraised | Occ. | UW NOI | Cap | Loan / alloc. bal. | LTV | DSCR | Source |
|---|---|---|---|---|---|---|---|---|---|
| JPMBB 2015-C31 | 2015-08-28 | $66.0M | 91.2% | $5.7M | 8.6% | $19.3M | 72.1% | 1.70x | 424B |
Historical NOI reported in JPMBB 2015-C31
| Period ending | NOI |
|---|---|
| 12/31/2014 | $5.1M |
| 12/31/2013 | $5.0M |
More CMBS properties in South Carolina →
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%.