The Arboretum
A retail property in Charlotte, North Carolina. Securitized in 1 CMBS deal in 2020.
$170.0MAppraised value (latest deal)
91.9%Occupancy
$9.6MUnderwritten NOI
5.6%Implied cap rate
- Address
- 3333 Pineville Matthews Road, Charlotte, NC 28226
- Property type
- Retail · Anchored
- Year built
- 1985
- Size
- 555,912 SF
- Sponsor
- AAC Consolidated Properties, LLC; Riprand Count Arco
- Loan purpose
- Refinance
- Largest tenant
- Walmart
Appearances in CMBS deals
| Deal | Cut-off / filing | Appraised | Occ. | UW NOI | Cap | Loan / alloc. bal. | LTV | DSCR | Source |
|---|---|---|---|---|---|---|---|---|---|
| BANK 2020-BNK30 | 2020-12-22 | $170.0M | 91.9% | $9.6M | 5.6% | $24.9M | 58.6% | 1.70x | 424B |
Historical NOI reported in BANK 2020-BNK30
| Period ending | NOI |
|---|---|
| 8/31/2020 TTM | $9.8M |
| 12/31/2019 | $10.5M |
| 12/31/2018 | $10.7M |
More CMBS properties in North Carolina →
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%.