MODA Sorrento
A mixed-use property in San Diego, California. Securitized in 1 CMBS deal in 2025.
$91.0MAppraised value (latest deal)
64.3%Occupancy
$4.4MUnderwritten NOI
4.9%Implied cap rate
- Address
- 4940-4980 Carroll Canyon Road & 5451-5501 Oberlin Drive, San Diego, CA 92121
- Property type
- Mixed Use · Lab / Office
- Year built
- 1984
- Size
- 104,577 SF
- Sponsor
- BRE Edison L.P.
- Loan purpose
- Refinance
- Largest tenant
- Eurofins Advantar Laboratories
Appearances in CMBS deals
| Deal | Cut-off / filing | Appraised | Occ. | UW NOI | Cap | Loan / alloc. bal. | LTV | DSCR | Source |
|---|---|---|---|---|---|---|---|---|---|
| BMO 2025-5C9 | 2025-03-20 | $91.0M | 64.3% | $4.4M | 4.9% | $1.3M | 41.1% | 2.23x | 424B |
Historical NOI reported in BMO 2025-5C9
| Period ending | NOI |
|---|---|
| 11/30/2024 | $5.6M |
| 12/31/2023 | $4.9M |
| 12/31/2022 | $3.9M |
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%.