Sacramento Gateway
A retail property in Sacramento, California. Securitized in 1 CMBS deal in 2024.
$92.0MAppraised value (latest deal)
95.7%Occupancy
$6.4MUnderwritten NOI
6.9%Implied cap rate
- Address
- 3648 North Freeway Boulevard, Sacramento, CA 95834
- Property type
- Retail · Anchored
- Year built
- 2006
- Size
- 347,560 SF
- Sponsor
- Fairbourne, Harbert Fund and Harbert U.S. Real Estate Funds VI Feeder L.P.
- Loan purpose
- Refinance
- Largest tenant
- Best Buy #660
Appearances in CMBS deals
| Deal | Cut-off / filing | Appraised | Occ. | UW NOI | Cap | Loan / alloc. bal. | LTV | DSCR | Source |
|---|---|---|---|---|---|---|---|---|---|
| WFCM 2024-5C2 | 2024-11-19 | $92.0M | 95.7% | $6.4M | 6.9% | $61.5M | 66.8% | 1.31x | 424B |
Historical NOI reported in WFCM 2024-5C2
| Period ending | NOI |
|---|---|
| 7/31/2024 | $5.3M |
| 12/31/2023 | $4.4M |
| 12/31/2022 | $4.5M |
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%.