CMBS properties in Arizona
123 property records in 40 deals. Largest cities: Mesa (19), Phoenix (17), Tucson (14), Tempe (13), Glendale (10).
123Property records
$2.18BAppraised value (checked records)
40Deals
Median implied cap rate by property type
| Type | n | Median cap rate |
|---|---|---|
| Retail | 25 | 6.8% |
| Industrial | 20 | 6.1% |
| Self Storage | 18 | 5.6% |
| Office | 15 | 6.3% |
| Hotel | 13 | 8.2% |
| Manufactured Housing | 12 | 6.9% |
| Multifamily | 5 | 6.6% |
Largest properties by appraised value
| Property | Type | City | Appraised | Occ. | Deal |
|---|---|---|---|---|---|
| Arizona Mills | Retail | Tempe | $308.0M | 84.4% | BANK 2021-BNK36 |
| Superstition Gateway | Retail | Mesa | $112.6M | 94.2% | MSC 2021-L7 |
| PetSmart HQ | Office | Phoenix | $108.6M | 100.0% | BMO 2023-C4 |
| Agave DC | Industrial | Phoenix | $99.6M | 100.0% | MSC 2016-UBS9 |
| Corporate Campus at Norterra | Office | Phoenix | $60.0M | 100.0% | BMARK 2018-B1 |
| Doubletree TCC | Hotel | Tucson | $50.6M | 80.9% | BMARK 2025-V15 |
| Market at Estrella Falls | Retail | Goodyear | $47.1M | 99.1% | MSC 2018-L1 |
| Shutterfly | Industrial | Tempe | $43.1M | 100.0% | COMM 2016-DC2 |
| Tucson University Marriott | Hotel | Tucson | $42.9M | 71.5% | WFCM 2024-5C2 |
| GoDaddy | Office | Tempe | $39.0M | 100.0% | BANK 2017-BNK5 |
| GoDaddy | Office | Tempe | $39.0M | 100.0% | DBJPM 2017-C6 |
| GoDaddy | Office | Tempe | $39.0M | BANK 2017-BNK6 | |
| GoDaddy | Office | Tempe | $39.0M | 100.0% | JPMDB 2017-C7 |
| GoDaddy | Office | Tempe | $39.0M | 100.0% | BMARK 2018-B1 |
| Rock Shadows | Manufactured Housing | Apache Junction | $33.0M | 74.1% | JPMBB 2015-C31 |
| 1345 South 52nd Street | Industrial | Tempe | $32.0M | 100.0% | BANK5 2026-5YR22 |
| ASM America HQ | Industrial | Phoenix | $30.2M | 100.0% | BANK 2021-BNK32 |
| The Palisades | Multifamily | Sierra Vista | $29.2M | 94.8% | BBCMS 2024-5C29 |
| 17600 North Perimeter | Office | Scottsdale | $29.0M | 100.0% | JPMCC 2013-C10 |
| Greenway Park Plaza | Other | Phoenix | $28.5M | 98.1% | BANK 2019-BNK21 |
| 7330 West Sherman Street | Industrial | Phoenix | $28.4M | 100.0% | BANK 2022-BNK41 |
| Crossroads Festival Retail Center | Retail | Tucson | $27.5M | BANK 2017-BNK6 | |
| Southgate Shopping Center | Retail | Yuma | $24.9M | 98.4% | BMO 2024-C9 |
| The Park at FLW | Office | Scottsdale | $24.8M | 89.7% | MSBAM 2015-C23 |
| Buckeye DC Bldg 1 | Industrial | Phoenix | $23.8M | 100.0% | MSC 2016-UBS9 |
| Towneplace Suites Glendale | Hotel | Glendale | $23.2M | 75.7% | BMO 2023-C4 |
| Alameda Crossing | Retail | Avondale | $21.3M | 83.8% | JPMBB 2013-C15 |
| Fountain Hills Plaza | Retail | Fountain Hills | $21.2M | 90.0% | BBCMS 2024-5C29 |
| Prime Storage Mesa | Self Storage | Mesa | $21.0M | 89.1% | BMO 2023-5C1 |
| Maricopa Self Storage | Self Storage | Maricopa | $19.1M | 97.8% | MSC 2021-L7 |
| Buckeye DC Bldg 2 | Industrial | Phoenix | $18.4M | 100.0% | MSC 2016-UBS9 |
| The Hub | Industrial | Tempe | $15.9M | 100.0% | BBCMS 2024-5C29 |
| Peoria, AZ Residence Inn | Hotel | Peoria | $15.7M | 80.8% | BANK 2017-BNK5 |
| Peoria, AZ Residence Inn | Hotel | Peoria | $15.7M | 80.8% | DBJPM 2017-C6 |
| Peoria, AZ Residence Inn | Hotel | Peoria | $15.7M | BANK 2017-BNK6 | |
| Peoria, AZ Residence Inn | Hotel | Peoria | $15.7M | 80.8% | JPMDB 2017-C7 |
| Peoria, AZ Residence Inn | Hotel | Peoria | $15.7M | 80.8% | BMARK 2018-B1 |
| Gilbert Fiesta | Retail | Gilbert | $15.7M | 93.3% | MSC 2018-L1 |
| Pueblo Manor | Manufactured Housing | Apache Junction | $15.6M | 95.6% | MSBAM 2015-C23 |
| Dignity Health - Glendale, AZ | Office | Glendale | $15.2M | 100.0% | BANK 2020-BNK30 |
| Mesa | Self Storage | Mesa | $15.2M | 94.2% | MSC 2021-L7 |
| National Self Storage – Dove Mountain | Self Storage | Marana | $14.9M | 84.6% | BMO 2026-5C14 |
| ELS Portfolio - Palm Shadows | Manufactured Housing | Glendale | $14.6M | 92.2% | MSC 2012-C4 |
| Prime Storage - West Phoenix | Self Storage | Phoenix | $14.2M | 86.6% | WFCM 2024-5C2 |
| 4400 Broadway | Office | Tucson | $13.7M | 87.3% | CD 2017-CD6 |
| La Quinta Inn & Suites - Holbrook, AZ | Hotel | Holbrook | $13.0M | 90.1% | MSC 2022-L8 |
| Arrowhead Medical Plaza II | Office | Glendale | $12.7M | 63.6% | MSC 2018-H3 |
| Phoenix | Self Storage | Phoenix | $12.6M | 96.6% | MSC 2021-L7 |
| Cinnabar | Self Storage | Phoenix | $12.6M | 91.2% | MSC 2021-L7 |
| Western Skies Business Center | Office | Gilbert | $12.0M | 93.6% | BANK 2021-BNK36 |
| Hampton Inn & Suites Tucson Mall | Hotel | Tucson | $11.5M | 78.0% | CD 2018-CD7 |
| La Gran Plaza AZ | Retail | Mesa | $11.3M | 94.6% | MSC 2018-H3 |
| Phoenix West and Mariposa MHC | Manufactured Housing | Phoenix | $11.2M | 94.5% | BANK5 2026-5YR20 |
| Baymont Inn & Suites - 1731 South Sunridge Drive | Hotel | Yuma | $11.0M | 64.6% | BBCMS 2022-C18 |
| BioLife Plasma Services L.P. - Avondale, AZ | Office | Avondale | $10.4M | 100.0% | BANK 2020-BNK30 |
| Maricopa Marketplace | Retail | Maricopa | $10.1M | 96.4% | CD 2018-CD7 |
| Safeway Vistoso Plaza | Retail | Oro Valley | $10.0M | 100.0% | MSC 2018-L1 |
| Woodridge Apartments | Multifamily | Tucson | $9.8M | 91.7% | JPMBB 2015-C31 |
| Dollar Self Storage - Glendale | Self Storage | Glendale | $9.5M | 95.7% | MSC 2018-L1 |
| BZ Gilbert Consolidated | Retail | Gilbert | $9.3M | 100.0% | JPMBB 2015-C31 |
Deals with the most Arizona properties
| Deal | Filed | Records here |
|---|---|---|
| MSC 2016-UBS9 | 2016-03-09 | 17 |
| JPMBB 2015-C31 | 2015-08-28 | 10 |
| MSC 2018-L1 | 2018-10-23 | 8 |
| MSC 2021-L7 | 2021-10-13 | 7 |
| CD 2017-CD6 | 2017-11-30 | 5 |
| MSC 2018-H3 | 2018-07-12 | 5 |
| JPMBB 2013-C15 | 2013-10-29 | 4 |
| MSBAM 2015-C23 | 2015-06-18 | 4 |
| BANK 2017-BNK5 | 2017-06-29 | 4 |
| MSBAM 2015-C20 | 2015-01-29 | 3 |
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%.