CMBS properties in Massachusetts
113 property records in 28 deals. Largest cities: Boston (30), Cambridge (12), Worcester (6), Fall River (4), Gardner (4).
113Property records
$6.40BAppraised value (checked records)
28Deals
Median implied cap rate by property type
| Type | n | Median cap rate |
|---|---|---|
| Retail | 31 | 7.1% |
| Multifamily | 14 | 6.2% |
| Mixed Use | 11 | 7.0% |
| Self Storage | 8 | 5.6% |
| Office | 7 | 5.9% |
| Industrial | 5 | 6.5% |
Largest properties by appraised value
| Property | Type | City | Appraised | Occ. | Deal |
|---|---|---|---|---|---|
| Back Bay Office | Office | Boston | $1.41B | 95.8% | BMO 2023-5C1 |
| 500 Kendall Street | Mixed Use | Cambridge | $455.0M | 100.0% | BMO 2025-5C9 |
| Charles River Plaza North | Office | Boston | $453.1M | 100.0% | BACM 2015-UBS7 |
| Millennium Tower Boston | Mixed Use | Boston | $360.0M | 100.0% | MSC 2018-L1 |
| 200 Sidney | Mixed Use | Cambridge | $323.6M | 100.0% | BBCMS 2024-5C29 |
| 200 Sidney | Mixed Use | Cambridge | $323.6M | 100.0% | WFCM 2024-5C2 |
| Northshore Mall | Retail | Peabody | $294.0M | 95.5% | BANK5 2026-5YR20 |
| Northshore Mall | Retail | Peabody | $294.0M | 95.5% | BMO 2026-5C14 |
| Linx | Mixed Use | Watertown | $247.0M | 100.0% | BMO 2024-5C6 |
| Atrium Center | Mixed Use | Chestnut Hill | $215.0M | 100.0% | BMARK 2018-B1 |
| 40 Erie Street | Mixed Use | Cambridge | $151.9M | 100.0% | BBCMS 2024-5C29 |
| 40 Erie Street | Mixed Use | Cambridge | $151.9M | 100.0% | WFCM 2024-5C2 |
| Riverwalk | Office | Lawrence | $117.0M | 93.0% | CD 2018-CD7 |
| Fresh Pond Cambridge | Retail | Cambridge | $113.0M | 82.8% | BANK 2020-BNK30 |
| Axcelis Corporate Center | Industrial | Beverly | $82.1M | 100.0% | MSC 2018-H3 |
| 21 Erie Street | Mixed Use | Cambridge | $75.5M | 100.0% | BBCMS 2024-5C29 |
| 21 Erie Street | Mixed Use | Cambridge | $75.5M | 100.0% | WFCM 2024-5C2 |
| 450 Kendall Street | Mixed Use | Cambridge | $70.3M | 100.0% | BMO 2025-5C9 |
| 150 Blackstone River Road | Industrial | Worcester | $60.0M | 100.0% | JPMDB 2017-C7 |
| 201 Merrimack Street | Industrial | Lawrence | $53.9M | 100.0% | BBCMS 2024-5C29 |
| 4 Maguire Road | Office | Lexington | $49.8M | 100.0% | BMO 2024-C9 |
| 117 Water Street | Industrial | Lawrence | $48.7M | 100.0% | BBCMS 2024-5C29 |
| Orchard Hill Park | Retail | Leominster | $47.1M | 98.1% | JPMCC 2017-JP5 |
| U-Haul of Medford | Self Storage | Somerville | $38.7M | 94.7% | JPMDB 2017-C7 |
| U-Haul of Medford | Self Storage | Somerville | $38.7M | 94.7% | CD 2017-CD6 |
| Salem | Self Storage | Salem | $29.7M | 73.3% | BMO 2025-5C9 |
| GPB Portfolio 1 - Cambridge Trader Joe’s | Retail | Cambridge | $28.0M | 100.0% | MSC 2012-C4 |
| 47 Erie Street Parking Structure | Other | Cambridge | $28.0M | BBCMS 2024-5C29 | |
| 47 Erie Street Parking Structure | Other | Cambridge | $28.0M | WFCM 2024-5C2 | |
| 330 Baker Ave | Office | Concord | $27.4M | 100.0% | BANK 2022-BNK41 |
| Market32 – Worcester, MA | Retail | Worcester | $26.7M | 100.0% | MSC 2022-L8 |
| Market32 – Worcester, MA | Retail | Worcester | $26.7M | 100.0% | BANK 2022-BNK41 |
| Hampton Inn Braintree | Hotel | Braintree | $23.0M | 84.9% | DBJPM 2017-C6 |
| Norwood Park South | Office | Norwood | $21.3M | 88.9% | JPMCC 2013-C10 |
| Prime Storage - Boston South End | Self Storage | Boston | $19.1M | 83.0% | BMO 2024-5C6 |
| Meadow Brook Shopping Center | Retail | Lowell | $19.1M | 92.4% | JPMCC 2013-C10 |
| Residence Inn - North Dartmouth, MA | Hotel | North Dartmouth | $18.8M | 80.4% | MSBAM 2015-C23 |
| Prime Storage - Boston Traveler St. | Self Storage | Boston | $18.6M | 90.1% | BMO 2024-5C6 |
| Prime Storage - Somerville | Self Storage | Somerville | $18.6M | 92.2% | BMO 2024-5C6 |
| U-Haul Center of Salisbury | Self Storage | Salisbury | $18.4M | 97.0% | JPMDB 2017-C7 |
| U-Haul Center of Salisbury | Self Storage | Salisbury | $18.4M | 97.0% | CD 2017-CD6 |
| 30 New Crossing Road | Office | Reading | $17.9M | 100.0% | BANK 2022-BNK41 |
| GPB Portfolio 2 - Swampscott CVS | Retail | Swampscott | $17.6M | 90.8% | MSC 2012-C4 |
| Price Chopper – Gardner, MA | Retail | Gardner | $17.3M | 100.0% | MSC 2022-L8 |
| Price Chopper – Gardner, MA | Retail | Gardner | $17.3M | 100.0% | BANK 2022-BNK41 |
| 90 Nemco Way | Industrial | Ayer | $16.7M | 100.0% | JPMCC 2013-C10 |
| Chicopee Village Townhomes | Multifamily | Chicopee | $15.6M | 94.5% | MSBAM 2015-C23 |
| SpringHill Suites Peabody | Hotel | Peabody | $15.1M | 59.9% | JPMBB 2013-C15 |
| GPB Portfolio 2 - Salem Staples | Retail | Salem | $15.0M | 100.0% | MSC 2012-C4 |
| U-Haul at Fall River at I-195 | Self Storage | Fall River | $14.9M | 95.5% | WFCM 2026-C66 |
| 600 North Bedford Street | Industrial | East Bridgewater | $13.5M | 100.0% | JPMCC 2013-C10 |
| Hannaford Grocery – Gardner, MA | Retail | Gardner | $13.1M | 100.0% | MSC 2022-L8 |
| Hannaford Grocery – Gardner, MA | Retail | Gardner | $13.1M | 100.0% | BANK 2022-BNK41 |
| GRM Shuman | Industrial | Stoughton | $12.8M | 100.0% | COMM 2012-CCRE2 |
| GPB Portfolio 1 - Falmouth Staples | Retail | Falmouth | $11.8M | 92.0% | MSC 2012-C4 |
| 825 Morton Street | Retail | Boston | $11.4M | 100.0% | BANK5 2026-5YR20 |
| Worcester | Retail | Worcester | $11.3M | 100.0% | JPMDB 2017-C7 |
| GPB Portfolio 2 - Woburn Kohl’s | Retail | Woburn | $11.2M | 100.0% | MSC 2012-C4 |
| GPB Portfolio 1 - Medford Aldi | Retail | Medford | $11.0M | 100.0% | MSC 2012-C4 |
| Southway Plaza | Retail | Fall River | $10.8M | 99.0% | JPMBB 2013-C15 |
Deals with the most Massachusetts properties
| Deal | Filed | Records here |
|---|---|---|
| MSC 2012-C4 | 2012-03-26 | 20 |
| MSC 2022-L8 | 2022-04-07 | 17 |
| COMM 2012-CCRE2 | 2012-08-21 | 14 |
| JPMDB 2017-C7 | 2017-10-31 | 6 |
| BBCMS 2024-5C29 | 2024-09-18 | 6 |
| BANK5 2026-5YR20 | 2026-02-09 | 6 |
| JPMCC 2013-C10 | 2013-03-11 | 5 |
| BANK 2022-BNK41 | 2022-05-05 | 5 |
| BMO 2024-5C6 | 2024-09-12 | 5 |
| WFCM 2024-5C2 | 2024-11-19 | 4 |
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%.