CMBS properties in Washington
83 property records in 36 deals. Largest cities: Seattle (17), Bellevue (9), Renton (6), Vancouver (6), Kent (5).
83Property records
$3.82BAppraised value (checked records)
36Deals
Median implied cap rate by property type
| Type | n | Median cap rate |
|---|---|---|
| Industrial | 15 | 5.9% |
| Self Storage | 15 | 6.1% |
| Hotel | 13 | 8.5% |
| Retail | 11 | 6.5% |
| Office | 9 | 6.6% |
| Manufactured Housing | 5 | 5.2% |
Largest properties by appraised value
| Property | Type | City | Appraised | Occ. | Deal |
|---|---|---|---|---|---|
| Summit 1, 2 | Office | Bellevue | $500.0M | 96.9% | BBCMS 2022-C14 |
| Summit 1, 2 | Office | Bellevue | $500.0M | 96.9% | BBCMS 2022-C16 |
| Starbucks Center | Mixed Use | Seattle | $453.5M | 93.0% | CD 2016-CD2 |
| Summit 3 | Office | Bellevue | $395.5M | 100.0% | BBCMS 2022-C14 |
| Summit 3 | Office | Bellevue | $395.5M | 100.0% | BBCMS 2022-C16 |
| 500 Fairview Avenue | Mixed Use | Seattle | $101.8M | 75.8% | BMO 2025-5C9 |
| Doubletree Seattle Airport | Other | Seattle | $75.7M | BANK 2017-BNK5 | |
| DoubleTree Seattle Airport | Other | SeaTac | $75.7M | DBJPM 2017-C6 | |
| 21717 & 21823 30th Drive SE | Office | Bothell | $58.3M | 100.0% | BANK 2022-BNK41 |
| Centennial I & II | Office | Tacoma | $53.9M | 95.9% | CD 2018-CD7 |
| Vancouver Pointe | Multifamily | Vancouver | $51.0M | 98.4% | BBCMS 2022-C18 |
| 12500 Tukwila International Blvd | Office | Seattle | $43.3M | 89.9% | BANK 2025-BNK49 |
| Preferred Freezer - Lynden, WA | Industrial | Lynden | $43.0M | 100.0% | BACM 2015-UBS7 |
| Shared Roof Seattle | Multifamily | Seattle | $39.2M | 97.1% | BMO 2026-5C14 |
| Commodore Bay | Industrial | Seattle | $36.5M | 97.4% | BMO 2026-5C14 |
| 7141 Cleanwater Lane | Office | Tumwater | $36.4M | 100.0% | MSC 2016-UBS9 |
| Portside Distribution Center | Industrial | Tacoma | $33.5M | 100.0% | MSC 2016-UBS9 |
| 2000 South Walnut Street | Industrial | Burlington | $31.5M | 100.0% | BANK5 2026-5YR22 |
| 2000 South Walnut Street | Industrial | Burlington | $31.5M | 100.0% | BMO 2026-5C15 |
| B/E Aerospace | Industrial | Everett | $29.6M | 100.0% | JPMBB 2013-C15 |
| Larkspur Landing Bellevue | Hotel | Bellevue | $27.7M | 78.8% | BANK 2017-BNK5 |
| Larkspur Landing Bellevue | Hotel | Bellevue | $27.7M | 78.8% | DBJPM 2017-C6 |
| Larkspur Landing Bellevue | Hotel | Bellevue | $27.7M | BANK 2017-BNK6 | |
| Larkspur Landing Bellevue | Hotel | Bellevue | $27.7M | 78.8% | JPMDB 2017-C7 |
| Larkspur Landing Bellevue | Hotel | Bellevue | $27.7M | 78.8% | BMARK 2018-B1 |
| Auburn DC | Industrial | Auburn | $25.6M | 100.0% | MSC 2016-UBS9 |
| Port Gardner Building | Office | Everett | $23.4M | 92.2% | CD 2017-CD6 |
| Kent Valley DC II | Industrial | Kent | $22.9M | 100.0% | MSC 2016-UBS9 |
| Argonne Village | Retail | Spokane Valley | $22.0M | 99.0% | BANK5 2026-5YR22 |
| Comcast Regional HQ | Office | Lynnwood | $21.7M | 100.0% | BMARK 2018-B1 |
| Marymoor Self Storage | Self Storage | Redmond | $21.4M | 94.7% | BBCMS 2022-C16 |
| ABC Mini Storage - West | Self Storage | Spokane | $21.0M | 86.6% | BBCMS 2022-C16 |
| Panther Lake Shopping Center | Retail | Kent | $21.0M | 92.4% | BBCMS 2022-C16 |
| Larkspur Landing Renton | Hotel | Renton | $20.0M | 80.3% | BANK 2017-BNK5 |
| Larkspur Landing Renton | Hotel | Renton | $20.0M | 80.3% | DBJPM 2017-C6 |
| Larkspur Landing Renton | Hotel | Renton | $20.0M | BANK 2017-BNK6 | |
| Larkspur Landing Renton | Hotel | Renton | $20.0M | 80.3% | JPMDB 2017-C7 |
| Larkspur Landing Renton | Hotel | Renton | $20.0M | 80.3% | BMARK 2018-B1 |
| Tidewater Cove | Office | Vancouver | $19.9M | 100.0% | MSC 2022-L8 |
| 3350 George Washington Way | Office | Richland | $19.2M | 100.0% | COMM 2014-UBS3 |
| Courtyard Marriott Richland | Hotel | Richland | $18.5M | 69.8% | JPMDB 2017-C5 |
| Parc Central Apartments | Multifamily | Vancouver | $18.4M | 92.1% | MSC 2016-UBS9 |
| ABC Mini Storage - Valley | Self Storage | Spokane Valley | $18.0M | 91.0% | BBCMS 2022-C16 |
| Haggen Food & Pharmacy | Retail | Olympia | $16.5M | 100.0% | JPMDB 2017-C7 |
| Renton DC | Industrial | Renton | $15.5M | 100.0% | MSC 2016-UBS9 |
| Creekside Estates MHC | Manufactured Housing | Vancouver | $15.4M | 100.0% | BANK 2017-BNK5 |
| Center Plaza | Retail | Federal Way | $14.7M | 90.0% | JPMBB 2015-C31 |
| West Seattle | Self Storage | Seattle | $13.6M | 98.1% | BMO 2026-5C14 |
| Sprague Self Storage | Self Storage | Spokane Valley | $12.7M | 91.6% | BANK 2021-BNK36 |
| Kent Valley DC IV | Industrial | Kent | $12.4M | 100.0% | MSC 2016-UBS9 |
| ABC Mini Storage - North | Self Storage | Spokane | $12.0M | 91.4% | BBCMS 2022-C16 |
| Overlake Office | Office | Redmond | $11.3M | 98.9% | CSAIL 2015-C1 |
| Quality Inn SeaTac | Hotel | Seattle | $11.1M | 65.7% | BMO 2023-C5 |
| Kent Valley DC | Industrial | Kent | $10.5M | 100.0% | MSC 2016-UBS9 |
| U-Haul Storage Othello Station | Self Storage | Seattle | $10.4M | 98.5% | WFCM 2026-C66 |
| Bridgeport Landing | Retail | University Place | $9.6M | 100.0% | MSBAM 2015-C23 |
| Ballard | Self Storage | Seattle | $9.3M | 96.2% | BMO 2026-5C14 |
| North Seattle | Self Storage | Seattle | $9.2M | 90.8% | BMO 2026-5C14 |
| U-Haul of Rainier Valley | Self Storage | Seattle | $8.7M | 91.9% | WFCM 2026-C66 |
| Washington MHC Portfolio | Manufactured Housing | Wapato, Union Gap, Naches and Yakima | $8.3M | 100.0% | BBCMS 2022-C16 |
Deals with the most Washington properties
| Deal | Filed | Records here |
|---|---|---|
| MSC 2016-UBS9 | 2016-03-09 | 13 |
| BBCMS 2022-C16 | 2022-06-28 | 8 |
| BMO 2026-5C14 | 2026-03-10 | 7 |
| BANK 2021-BNK36 | 2021-10-07 | 5 |
| BANK 2017-BNK5 | 2017-06-29 | 4 |
| BANK5 2026-5YR22 | 2026-05-26 | 4 |
| DBJPM 2017-C6 | 2017-06-29 | 3 |
| JPMDB 2017-C7 | 2017-10-31 | 3 |
| BMARK 2018-B1 | 2018-01-31 | 3 |
| MSBAM 2015-C23 | 2015-06-18 | 2 |
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%.