CMBS properties in Michigan
213 property records in 50 deals. Largest cities: Detroit (26), Grand Rapids (14), Southfield (10), Ann Arbor (8), Troy (7).
213Property records
$5.38BAppraised value (checked records)
50Deals
Median implied cap rate by property type
| Type | n | Median cap rate |
|---|---|---|
| Retail | 41 | 6.9% |
| Office | 35 | 7.5% |
| Self Storage | 31 | 5.9% |
| Industrial | 28 | 6.3% |
| Hotel | 22 | 8.1% |
| Multifamily | 21 | 7.4% |
| Manufactured Housing | 15 | 6.9% |
| Other | 7 | 7.3% |
Largest properties by appraised value
| Property | Type | City | Appraised | Occ. | Deal |
|---|---|---|---|---|---|
| Great Lakes Crossing Outlets | Retail | Auburn Hills | $400.0M | 89.6% | BMO 2023-C4 |
| Great Lakes Crossing Outlets | Retail | Auburn Hills | $400.0M | 89.6% | BMO 2023-C5 |
| Birch Run Premium Outlets | Retail | Birch Run | $207.2M | 87.1% | COMM 2016-DC2 |
| Birch Run Premium Outlets | Retail | Birch Run | $207.2M | 88.6% | CD 2016-CD2 |
| Southfield Town Center | Office | Southfield | $181.0M | 67.2% | COMM 2014-UBS3 |
| First National Building | Office | Detroit | $162.0M | 94.9% | MSC 2022-L8 |
| Birch Run Premium Outlets | Retail | Birch Run | $158.7M | 90.1% | WFCM 2026-C66 |
| FCA USA - Detroit, MI | Industrial | Detroit | $130.9M | 100.0% | BBCMS 2024-5C29 |
| Midtown Square | Retail | Troy | $127.8M | 99.4% | MSC 2022-L8 |
| The Qube | Office | Detroit | $103.0M | 90.6% | MSC 2022-L8 |
| Chrysler House | Office | Detroit | $83.0M | 79.9% | MSC 2022-L8 |
| 1001 Woodward | Office | Detroit | $80.0M | 88.9% | MSC 2022-L8 |
| Romulus - Huron | Industrial | Romulus | $70.7M | 100.0% | BMO 2023-5C1 |
| Spicetree Apartments | Multifamily | Ann Arbor | $63.7M | 95.5% | BMARK 2018-B1 |
| Southfield Westin | Hotel | Southfield | $61.5M | 71.3% | BMARK 2025-V15 |
| One Woodward | Office | Detroit | $58.0M | 92.9% | MSC 2022-L8 |
| The Z Garage | Other | Detroit | $53.0M | MSC 2022-L8 | |
| Bingham Office Center | Office | Bingham Farms | $52.0M | 84.1% | JPMCC 2017-JP6 |
| Grupo Antolin - Shelby Township, MI | Industrial | Shelby Township | $52.0M | 100.0% | BBCMS 2024-5C29 |
| Midtown Square Shopping Center | Retail | Troy | $47.5M | 100.0% | MSC 2012-C4 |
| Harman | Office | Novi | $46.2M | 100.0% | BANK 2017-BNK5 |
| Harman Becker | Office | Novi | $46.2M | 100.0% | DBJPM 2017-C6 |
| Harman | Office | Novi | $46.2M | BANK 2017-BNK6 | |
| Harman Becker | Office | Novi | $46.2M | 100.0% | JPMDB 2017-C7 |
| Harman Becker | Office | Novi | $46.2M | 100.0% | BMARK 2018-B1 |
| One Ally Center | Other | Detroit | $46.1M | BANK 2017-BNK5 | |
| One Ally Center | Other | Detroit | $46.1M | DBJPM 2017-C6 | |
| Bridgewater Place | Office | Grand Rapids | $45.3M | 86.1% | JPMBB 2015-C31 |
| Autokiniton Industrial - Elkton | Industrial | Elkton | $44.3M | 100.0% | BBCMS 2022-C18 |
| Waterside Marketplace | Retail | Chesterfield | $41.1M | 93.8% | WFCM 2024-5C2 |
| 1601 Brown Road | Industrial | Orion | $38.5M | 100.0% | BANK5 2026-5YR22 |
| 1601 Brown Road | Industrial | Orion | $38.5M | 100.0% | BMO 2026-5C15 |
| Two Detroit Garage | Other | Detroit | $37.0M | MSC 2022-L8 | |
| East Big Beaver Road Office | Office | Troy | $36.7M | 82.4% | CD 2017-CD6 |
| 3466 Shippers Drive | Industrial | Grand Rapids | $36.6M | 100.0% | BANK5 2026-5YR22 |
| 3466 Shippers Drive | Industrial | Grand Rapids | $36.6M | 100.0% | BMO 2026-5C15 |
| Long Lake Crossing | Office | Troy | $36.2M | 82.7% | WFCM 2022-C62 |
| 1505 & 1515 Woodward | Office | Detroit | $35.0M | 100.0% | MSC 2022-L8 |
| Bear Creek Apartments | Multifamily | Petoskey | $34.2M | 97.9% | CD 2018-CD7 |
| Liberty Center | Office | Troy | $33.0M | 71.7% | JPMCC 2017-JP5 |
| 1001 Brush Street | Other | Detroit | $32.0M | MSC 2022-L8 | |
| Eaton Innovation Center | Office | Southfield | $31.5M | 100.0% | WFCM 2024-5C2 |
| Cardinal Health | Industrial | Detroit | $30.4M | 100.0% | BANK 2017-BNK5 |
| Cardinal Health | Industrial | Detroit | $30.4M | 100.0% | DBJPM 2017-C6 |
| Cardinal Health | Industrial | Detroit | $30.4M | BANK 2017-BNK6 | |
| Cardinal Health | Industrial | Detroit | $30.4M | 100.0% | JPMDB 2017-C7 |
| Cardinal Health | Industrial | Detroit | $30.4M | 100.0% | BMARK 2018-B1 |
| Woodlands Officentre | Office | Farmington Hills | $29.1M | 74.2% | BBCMS 2022-C18 |
| Jackson Hotel Portfolio | Hotel | Jackson | $27.0M | 59.6% | BANK 2025-BNK49 |
| Romulus Airport Park | Industrial | Romulus | $25.1M | 85.8% | JPMCC 2017-JP6 |
| Castle Pointe Apartments | Multifamily | East Lansing | $24.6M | 98.1% | JPMCC 2013-C10 |
| Ashford Court Senior Living | Multifamily | Westland | $23.5M | 83.1% | BANK5 2026-5YR20 |
| Kalamazoo Distribution Center | Industrial | Kalamazoo | $23.2M | 95.1% | BBCMS 2022-C16 |
| The Assembly | Mixed Use | Detroit | $23.1M | 75.0% | MSC 2022-L8 |
| Livernois Road Office | Office | Troy | $22.6M | 72.6% | CD 2017-CD6 |
| Harrison Luxury Apartments | Multifamily | Royal Oak | $22.6M | 100.0% | CD 2017-CD6 |
| 419 Fort Street Garage | Other | Detroit | $21.0M | MSC 2022-L8 | |
| Hampton Inn Ann Arbor North | Hotel | Ann Arbor | $20.2M | 73.9% | BANK 2017-BNK5 |
| Hampton Inn Ann Arbor North | Hotel | Ann Arbor | $20.2M | 73.9% | DBJPM 2017-C6 |
| Hampton Inn Ann Arbor North | Hotel | Ann Arbor | $20.2M | BANK 2017-BNK6 |
Deals with the most Michigan properties
| Deal | Filed | Records here |
|---|---|---|
| MSC 2022-L8 | 2022-04-07 | 19 |
| JPMBB 2013-C15 | 2013-10-29 | 11 |
| MSC 2018-H3 | 2018-07-12 | 10 |
| CD 2018-CD7 | 2018-08-24 | 9 |
| BANK5 2026-5YR20 | 2026-02-09 | 9 |
| COMM 2016-DC2 | 2016-03-16 | 8 |
| BANK 2017-BNK5 | 2017-06-29 | 7 |
| DBJPM 2017-C6 | 2017-06-29 | 7 |
| BANK 2017-BNK6 | 2017-07-27 | 7 |
| BMARK 2018-B1 | 2018-01-31 | 7 |
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%.