West Memorial Place
An office property in Houston, Texas. Securitized in 1 CMBS deal in 2026.
$188.0MAppraised value (latest deal)
78.8%Occupancy
$11.2MUnderwritten NOI
6.0%Implied cap rate
- Address
- 15375 and 15377 Memorial Drive, Houston, TX 77079
- Property type
- Office · Suburban
- Year built
- 2015-2016
- Size
- 715,935 SF
- Sponsor
- Joint Venture between Fuller Realty Interests, LLC and PCCP, LLC
- Loan purpose
- Refinance
- Largest tenant
- Technip
Appearances in CMBS deals
| Deal | Cut-off / filing | Appraised | Occ. | UW NOI | Cap | Loan / alloc. bal. | LTV | DSCR | Source |
|---|---|---|---|---|---|---|---|---|---|
| BANK5 2026-5YR22 | 2026-05-26 | $188.0M | 78.8% | $11.2M | 6.0% | $65.0M | 56.4% | 1.42x | 424B |
Historical NOI reported in BANK5 2026-5YR22
| Period ending | NOI |
|---|---|
| 12/31/2025 | $11.2M |
| 12/31/2024 | $4.5M |
| 12/31/2023 | $4.4M |
More CMBS properties in Texas →
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%.