Preferred Freezer - San Leandro, CA
An industrial property in San Leandro, California. Securitized in 1 CMBS deal in 2016.
$73.0MAppraised value (latest deal)
100.0%Occupancy
$4.5MUnderwritten NOI
6.2%Implied cap rate
- Address
- 400 Polar Way, San Leandro, CA 94577
- Property type
- Industrial · Warehouse
- Year built
- 2014
- Size
- 248,195 SF
- Sponsor
- Gary Edwards
- Loan purpose
- Refinance
- Largest tenant
- Preferred Freezer Services
Appearances in CMBS deals
| Deal | Cut-off / filing | Appraised | Occ. | UW NOI | Cap | Loan / alloc. bal. | LTV | DSCR | Source |
|---|---|---|---|---|---|---|---|---|---|
| MSC 2016-UBS9 | 2016-03-09 | $73.0M | 100.0% | $4.5M | 6.2% | $45.0M | 61.6% | 1.41x | 424B |
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%.