Arizona Mills
A retail property in Tempe, Arizona. Securitized in 1 CMBS deal in 2021.
$308.0MAppraised value (latest deal)
84.4%Occupancy
$25.5MUnderwritten NOI
8.3%Implied cap rate
- Address
- 5000 South Arizona Mills Circle, Tempe, AZ 85282
- Property type
- Retail · Anchored
- Year built
- 1997
- Size
- 1,234,669 SF
- Sponsor
- Simon Property Group, L.P.
- Loan purpose
- Refinance
- Largest tenant
- Harkins Theaters/IMAX
Appearances in CMBS deals
| Deal | Cut-off / filing | Appraised | Occ. | UW NOI | Cap | Loan / alloc. bal. | LTV | DSCR | Source |
|---|---|---|---|---|---|---|---|---|---|
| BANK 2021-BNK36 | 2021-10-07 | $308.0M | 84.4% | $25.5M | 8.3% | $74.9M | 32.4% | 4.27x | 424B |
Historical NOI reported in BANK 2021-BNK36
| Period ending | NOI |
|---|---|
| 7/31/2021 | $23.5M |
| 12/31/2020 | $19.1M |
| 12/31/2019 | $26.6M |
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%.