Aventura Mall
A retail property in Aventura, Florida. Securitized in 2 CMBS deals in 2018.
$3.45BAppraised value (latest deal)
92.8%Occupancy
$154.9MUnderwritten NOI
4.5%Implied cap rate
- Address
- 19501 Biscayne Boulevard, Aventura, FL 33180
- Property type
- Retail · Super Regional Mall
- Year built
- 1983
- Size
- 1,217,508 SF
- Sponsor
- Simon Property Group, L.P.; Jacquelyn Soffer; Jeffrey Soffer
- Loan purpose
- Refinance
- Largest tenant
- J. C. Penney
Appearances in CMBS deals
| Deal | Cut-off / filing | Appraised | Occ. | UW NOI | Cap | Loan / alloc. bal. | LTV | DSCR | Source |
|---|---|---|---|---|---|---|---|---|---|
| CD 2018-CD7 | 2018-08-24 | $3.45B | 92.8% | $154.9M | 4.5% | $60.0M | 40.8% | 2.58x | 424B |
| MSC 2018-L1 | 2018-10-23 | $3.45B | 92.8% | $154.9M | 4.5% | $60.0M | 40.8% | 424B |
Historical NOI reported in MSC 2018-L1
| Period ending | NOI |
|---|---|
| 3/31/2018 TTM | $118.3M |
| 12/31/2017 | $115.2M |
| 12/31/2016 | $110.7M |
More CMBS properties in Florida →
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%.