SunTrust Center
An office property in Richmond, Virginia. Securitized in 1 CMBS deal in 2018.
$64.0MAppraised value (latest deal)
97.9%Occupancy
$4.9MUnderwritten NOI
7.7%Implied cap rate
- Address
- 11011-11013 West Broad Street, Richmond, VA 23233
- Property type
- Office · Suburban
- Year built
- 1976; 1987
- Size
- 419,653 SF
- Sponsor
- FDS Guarantor, LLC; Jeffrey Toporek; Richard Mann; David Stade; Claiborne Williams; Joseph
- Loan purpose
- Acquisition
- Largest tenant
- SunTrust Bank
Appearances in CMBS deals
| Deal | Cut-off / filing | Appraised | Occ. | UW NOI | Cap | Loan / alloc. bal. | LTV | DSCR | Source |
|---|---|---|---|---|---|---|---|---|---|
| MSC 2018-H3 | 2018-07-12 | $64.0M | 97.9% | $4.9M | 7.7% | $41.2M | 64.4% | 424B |
Historical NOI reported in MSC 2018-H3
| Period ending | NOI |
|---|---|
| 1/31/2018 TTM | $2.1M |
| 11/30/2016 TTM | $3.3M |
| 12/31/2015 | $4.6M |
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%.