PetSmart HQ
An office property in Phoenix, Arizona. Securitized in 1 CMBS deal in 2023.
$108.6MAppraised value (latest deal)
100.0%Occupancy
$7.1MUnderwritten NOI
6.6%Implied cap rate
- Address
- 19601 North 27th Avenue, Phoenix, AZ 85027
- Property type
- Office · CBD
- Year built
- 1997, 2008
- Size
- 365,672 SF
- Sponsor
- Walter C. Bowen
- Loan purpose
- Acquisition
- Largest tenant
- PetSmart Home Office
Appearances in CMBS deals
| Deal | Cut-off / filing | Appraised | Occ. | UW NOI | Cap | Loan / alloc. bal. | LTV | DSCR | Source |
|---|---|---|---|---|---|---|---|---|---|
| BMO 2023-C4 | 2023-02-14 | $108.6M | 100.0% | $7.1M | 6.6% | $12.7M | 62.6% | 2.26x | 424B |
Historical NOI reported in BMO 2023-C4
| Period ending | NOI |
|---|---|
| 12/31/2020 | $8.1M |
| 12/31/2019 | $12.0M |
| 12/31/2018 | $12.3M |
More CMBS properties in Arizona →
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%.