Wendy’s
A leased fee property in Caguas, Puerto Rico. Securitized in 1 CMBS deal in 2021.
$1.2MAppraised value (latest deal)
100.0%Occupancy
$59KUnderwritten NOI
4.9%Implied cap rate
- Address
- PR-1, KM 25.1, Caguas, PR 00926
- Property type
- Leased Fee · Leased Fee
- Year built
- 2011
- Size
- 1 SF
- Sponsor
- LatAm Property Group LLC and Cerberus Real Estate Capital Management, LLC
- Loan purpose
- Acquisition
- Largest tenant
- Wendy’s
Appearances in CMBS deals
| Deal | Cut-off / filing | Appraised | Occ. | UW NOI | Cap | Loan / alloc. bal. | LTV | DSCR | Source |
|---|---|---|---|---|---|---|---|---|---|
| BANK 2021-BNK36 | 2021-10-07 | $64.3M | 100.0% | $5.5M | 8.6% | $40.2M | 54.7% | 3.53x | 424B |
| BANK 2021-BNK36 | 2021-10-07 | $1.2M | 100.0% | $59K | 4.9% | $494K | 54.7% | 3.53x | 424B |
Historical NOI reported in BANK 2021-BNK36
| Period ending | NOI |
|---|---|
| 12/31/2020 | $13K |
| 12/31/2019 | $20K |
More CMBS properties in Puerto Rico →
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%.