Summit Mall
A retail property in Fairlawn, Ohio. Securitized in 2 CMBS deals between 2017 and 2026.
$121.6MAppraised value (latest deal)
93.4%Occupancy
$12.4MUnderwritten NOI
10.2%Implied cap rate
- Address
- 3265 West Market Street, Fairlawn, OH 44333
- Property type
- Retail · Super Regional Mall
- Year built
- 1965
- Size
- 537,057 SF
- Sponsor
- Simon Property Group, L.P.
- Loan purpose
- Refinance
- Largest tenant
- Macy's
Appearances in CMBS deals
| Deal | Cut-off / filing | Appraised | Occ. | UW NOI | Cap | Loan / alloc. bal. | LTV | DSCR | Source |
|---|---|---|---|---|---|---|---|---|---|
| JPMDB 2017-C5 | 2017-03-31 | $205.0M | 92.3% | $13.4M | 6.6% | $35.0M | 41.5% | 4.50x | 424B |
| BBCMS 2026-5C43 | 2026-10-14 | $121.6M | 93.4% | $12.4M | 10.2% | $18.0M | 57.5% | 1.93x | 424B |
Historical NOI reported in BBCMS 2026-5C43
| Period ending | NOI |
|---|---|
| 5/31/2026 | $11.7M |
| 12/31/2025 | $11.3M |
| 12/31/2024 | $11.2M |
More CMBS properties in Ohio →
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%.