Wells Fargo Tower
An office property in Birmingham, Alabama. Securitized in 1 CMBS deal in 2015.
$78.7MAppraised value (latest deal)
76.0%Occupancy
$6.4MUnderwritten NOI
8.1%Implied cap rate
- Address
- 420 20th Street North, Birmingham, AL 35203
- Property type
- Office · CBD
- Year built
- 1986
- Size
- 514,893 SF
- Loan purpose
- Acquisition
- Largest tenant
- Burr & Forman
Appearances in CMBS deals
| Deal | Cut-off / filing | Appraised | Occ. | UW NOI | Cap | Loan / alloc. bal. | LTV | DSCR | Source |
|---|---|---|---|---|---|---|---|---|---|
| JPMBB 2015-C31 | 2015-08-28 | $78.7M | 76.0% | $6.4M | 8.1% | $29.8M | 72.1% | 1.70x | 424B |
Historical NOI reported in JPMBB 2015-C31
| Period ending | NOI |
|---|---|
| 12/31/2014 | $6.0M |
| 12/31/2013 | $5.8M |
More CMBS properties in Alabama →
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%.