Agave DC
An industrial property in Phoenix, Arizona. Securitized in 1 CMBS deal in 2016.
$99.6MAppraised value (latest deal)
100.0%Occupancy
$5.0MUnderwritten NOI
5.1%Implied cap rate
- Address
- 800 North 75th Avenue, Phoenix, AZ 85043
- Property type
- Industrial · Distribution Warehouse
- Year built
- 2009
- Size
- 1,267,110 SF
- Sponsor
- Global Logistic Properties Limited
- Loan purpose
- Acquisition
- Largest tenant
- Amazon.com
Appearances in CMBS deals
| Deal | Cut-off / filing | Appraised | Occ. | UW NOI | Cap | Loan / alloc. bal. | LTV | DSCR | Source |
|---|---|---|---|---|---|---|---|---|---|
| MSC 2016-UBS9 | 2016-03-09 | $99.6M | 100.0% | $5.0M | 5.1% | $2.8M | 30.2% | 424B |
Historical NOI reported in MSC 2016-UBS9
| Period ending | NOI |
|---|---|
| 6/30/2015 TTM | $4.7M |
| 12/31/2014 | $4.6M |
| 12/31/2013 | $4.6M |
More CMBS properties in Arizona →
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%.