Westfield Wheaton
A retail property in Wheaton, Maryland. Securitized in 1 CMBS deal in 2015.
$402.0MAppraised value (latest deal)
96.1%Occupancy
$23.7MUnderwritten NOI
5.9%Implied cap rate
- Address
- 11160 Veirs Mill Road, Wheaton, MD 20902
- Property type
- Retail · Anchored
- Year built
- 1960
- Size
- 1,649,363 SF
- Sponsor
- Westfield America, Inc., Westfield America Limited Partnership
- Loan purpose
- Refinance
- Largest tenant
- Target
Appearances in CMBS deals
| Deal | Cut-off / filing | Appraised | Occ. | UW NOI | Cap | Loan / alloc. bal. | LTV | DSCR | Source |
|---|---|---|---|---|---|---|---|---|---|
| CSAIL 2015-C1 | 2015-03-20 | $402.0M | 96.1% | $23.7M | 5.9% | $42.6M | 58.4% | 2.43x | 424B |
Historical NOI reported in CSAIL 2015-C1
| Period ending | NOI |
|---|---|
| 12/31/2014 | $24.6M |
| 2013 | $22.0M |
| 2012 | $20.2M |
More CMBS properties in Maryland →
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%.