Saks Fulfillment Center
An industrial property in Wilkes Barre, Pennsylvania. Securitized in 1 CMBS deal in 2022.
$112.9MAppraised value (latest deal)
100.0%Occupancy
$6.4MUnderwritten NOI
5.7%Implied cap rate
- Address
- 250 Highland Park Boulevard, Wilkes Barre, PA 18702
- Property type
- Industrial · Warehouse
- Year built
- 1990
- Size
- 822,771 SF
- Sponsor
- Lee Neibart and William Mack
- Loan purpose
- Acquisition
- Largest tenant
- The Saks Fifth Avenue Fulfillment Center
Appearances in CMBS deals
| Deal | Cut-off / filing | Appraised | Occ. | UW NOI | Cap | Loan / alloc. bal. | LTV | DSCR | Source |
|---|---|---|---|---|---|---|---|---|---|
| BBCMS 2022-C18 | 2022-12-14 | $112.9M | 100.0% | $6.4M | 5.7% | $10.0M | 53.1% | 1.71x | 424B |
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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%.