Southfield Town Center
An office property in Southfield, Michigan. Securitized in 1 CMBS deal in 2014.
$181.0MAppraised value (latest deal)
67.2%Occupancy
$17.8MUnderwritten NOI
9.8%Implied cap rate
- Address
- 1000, 2000, 3000, 4000 and 4400 Town Center, Southfield, MI 48075
- Property type
- Office · Suburban
- Year built
- 1975-1989
- Size
- 105,041 SF
- Sponsor
- Michael Silberberg; Alfons Melohn; Dennis Platt; Ronnie Roz; Harry Jacobowitz
- Loan purpose
- Acquisition
- Largest tenant
- Fifth Third Bank
Appearances in CMBS deals
| Deal | Cut-off / filing | Appraised | Occ. | UW NOI | Cap | Loan / alloc. bal. | LTV | DSCR | Source |
|---|---|---|---|---|---|---|---|---|---|
| COMM 2014-UBS3 | 2014-06-04 | $181.0M | 67.2% | $17.8M | 9.8% | $80.0M | 66.3% | 1.85x | 424B |
Historical NOI reported in COMM 2014-UBS3
| Period ending | NOI |
|---|---|
| 12/31/2013 | $17.3M |
| 12/31/2012 | $20.5M |
More CMBS properties in Michigan →
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%.