Northshore Mall
A retail property in Peabody, Massachusetts. Securitized in 2 CMBS deals in 2026.
$294.0MAppraised value (latest deal)
95.5%Occupancy
$27.3MUnderwritten NOI
9.3%Implied cap rate
- Address
- 210 Andover Street, Peabody, MA 01960
- Property type
- Retail · Super Regional Mall
- Year built
- 1958
- Size
- 1,137,515 SF
- Sponsor
- Simon Property Group, L.P. and Canada Pension Plan Investment Board
- Loan purpose
- Refinance
- Largest tenant
- Dick's House of Sport
Appearances in CMBS deals
| Deal | Cut-off / filing | Appraised | Occ. | UW NOI | Cap | Loan / alloc. bal. | LTV | DSCR | Source |
|---|---|---|---|---|---|---|---|---|---|
| BANK5 2026-5YR20 | 2026-02-09 | $294.0M | 95.5% | $27.3M | 9.3% | $40.0M | 59.5% | 2.30x | 424B |
| BMO 2026-5C14 | 2026-03-10 | $294.0M | 95.5% | $27.3M | 9.3% | $22.0M | 59.5% | 2.30x | 424B |
Historical NOI reported in BMO 2026-5C14
| Period ending | NOI |
|---|---|
| 9/30/2025 | $26.6M |
| 12/31/2024 | $26.5M |
| 12/31/2023 | $26.3M |
More CMBS properties in Massachusetts →
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%.