Short Pump Town Center
A retail property in Richmond, Virginia. Securitized in 1 CMBS deal in 2023.
$378.0MAppraised value (latest deal)
94.4%Occupancy
$25.8MUnderwritten NOI
6.8%Implied cap rate
- Address
- 11800 West Broad Street, Richmond, VA 23233
- Property type
- Retail · Open-Air Lifestyle Center
- Year built
- 2003
- Size
- 635,494 SF
- Sponsor
- Forest City Realty Trust, LLC, MJGT Associates, LLC, and Queensland Investment Corporation
- Loan purpose
- Refinance
- Largest tenant
- Crate & Barrel
Appearances in CMBS deals
| Deal | Cut-off / filing | Appraised | Occ. | UW NOI | Cap | Loan / alloc. bal. | LTV | DSCR | Source |
|---|---|---|---|---|---|---|---|---|---|
| BMO 2023-5C1 | 2023-08-16 | $378.0M | 94.4% | $25.8M | 6.8% | $62.5M | 47.6% | 1.61x | 424B |
Historical NOI reported in BMO 2023-5C1
| Period ending | NOI |
|---|---|
| 5/31/2023 | $27.9M |
| 12/31/2022 | $26.0M |
| 12/31/2021 | $21.9M |
More CMBS properties in Virginia →
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%.