Valencia Town Center
A mixed-use property in Santa Clarita, California. Securitized in 1 CMBS deal in 2018.
$82.1MAppraised value (latest deal)
96.5%Occupancy
$8.3MUnderwritten NOI
10.1%Implied cap rate
- Address
- 24300, 24303 and 24305 Town Center Drive, 24200 and 24204 Magic Mounta, Santa Clarita, CA 91355
- Property type
- Mixed Use · Office/Retail
- Year built
- 1995-2000
- Size
- 312,527 SF
- Sponsor
- Matthew L. Adler; Adler Kawa Real Estate Fund III, LLC
- Loan purpose
- Refinance
- Largest tenant
- Princess Cruises
Appearances in CMBS deals
| Deal | Cut-off / filing | Appraised | Occ. | UW NOI | Cap | Loan / alloc. bal. | LTV | DSCR | Source |
|---|---|---|---|---|---|---|---|---|---|
| BMARK 2018-B1 | 2018-01-31 | $82.1M | 96.5% | $8.3M | 10.1% | $58.0M | 70.6% | 2.28x | 424B |
More CMBS properties in California →
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%.