Shops at Dakota Crossing
A retail property in Washington, District of Columbia. Securitized in 1 CMBS deal in 2022.
$68.9MAppraised value (latest deal)
100.0%Occupancy
$4.1MUnderwritten NOI
5.9%Implied cap rate
- Address
- 2438 Market Street Northeast, Washington, DC 20018
- Property type
- Retail · Anchored
- Year built
- 2016-2019
- Size
- 139,668 SF
- Sponsor
- David Taban and Joseph Daneshgar
- Loan purpose
- Acquisition
- Largest tenant
- Dick's Sporting Goods
Appearances in CMBS deals
| Deal | Cut-off / filing | Appraised | Occ. | UW NOI | Cap | Loan / alloc. bal. | LTV | DSCR | Source |
|---|---|---|---|---|---|---|---|---|---|
| BANK 2022-BNK41 | 2022-05-05 | $68.9M | 100.0% | $4.1M | 5.9% | $46.0M | 66.7% | 1.68x | 424B |
Historical NOI reported in BANK 2022-BNK41
| Period ending | NOI |
|---|---|
| 12/31/2021 | $3.9M |
| 12/31/2020 | $2.6M |
| 12/31/2019 | $2.7M |
More CMBS properties in District of Columbia →
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%.