Alex Park South
An office property in Rochester, New York. Securitized in 1 CMBS deal in 2018.
$66.0MAppraised value (latest deal)
93.6%Occupancy
$4.4MUnderwritten NOI
6.6%Implied cap rate
- Address
- 210, 214 and 218-224 Alexander Street and 330-350 Monroe Avenue, Rochester, NY 14607
- Property type
- Office · Suburban
- Year built
- 1969, 1992, 1993, 1998,
- Size
- 348,872 SF
- Sponsor
- Estate of Laurence C. Glazer
- Loan purpose
- Refinance
- Largest tenant
- Rochester General Hospital
Appearances in CMBS deals
| Deal | Cut-off / filing | Appraised | Occ. | UW NOI | Cap | Loan / alloc. bal. | LTV | DSCR | Source |
|---|---|---|---|---|---|---|---|---|---|
| MSC 2018-L1 | 2018-10-23 | $66.0M | 93.6% | $4.4M | 6.6% | $28.0M | 65.0% | 1.32x | 424B |
Historical NOI reported in MSC 2018-L1
| Period ending | NOI |
|---|---|
| 5/31/2018 TTM | $4.2M |
| 12/31/2017 | $3.5M |
| 12/31/2016 | $4.7M |
More CMBS properties in New York →
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%.