Cap Rates

[djd09]

Westfield Wheaton Lines Up Buyer As Appraisal Chops Value By 66%​

Washington, D.C.Retail
August 18, 2025 | 3:06 p.m. ET Emily Wishingrad, Washington, D.C.



Westfield appears to have struck a deal to sell its beleaguered, 1.6M SF mall in Wheaton, Maryland.

Westfield Wheaton Lines Up Buyer As Appraisal Chops Value By 66%

The 1960s-era mall, which has been in special servicing since March, has a “qualified buyer” interested in assuming the debt.

www.bisnow.com

keep massaging the cap rate...

 

[Mark K]

I would be interested to hear from those that are doing AG appraisals what the cap rates are for vacant farmland in their area. Here they are only 1.9-2.2 roughly.

2.0-2.5 in central IN.

What's interesting is that farmers will pay $12K/ac for 200 bu. corn acreage and pay the bank $400-500 per acre in interest but these same farmers whine and btch about paying $275/ac for rent, telling (lying to) the landowners that they can't afford $300. They don't mind paying the bank $400+ on the ground they just bought but claim 'there's no way' they can afford to pay the owner $300.