Baybrook Mall
A retail property in Friendswood, Texas. Securitized in 1 CMBS deal in 2024.
$392.7MAppraised value (latest deal)
95.4%Occupancy
$30.2MUnderwritten NOI
7.7%Implied cap rate
- Address
- 500 Baybrook Mall, Friendswood, TX 77546
- Property type
- Retail · Super Regional Mall
- Year built
- 1978
- Size
- 540,986 SF
- Sponsor
- Brookfield Properties Retail Holding LLC and SMRF Baybrook Investor Member LLC
- Loan purpose
- Refinance
- Largest tenant
- JCPenney
Appearances in CMBS deals
| Deal | Cut-off / filing | Appraised | Occ. | UW NOI | Cap | Loan / alloc. bal. | LTV | DSCR | Source |
|---|---|---|---|---|---|---|---|---|---|
| BBCMS 2024-5C29 | 2024-09-18 | $392.7M | 95.4% | $30.2M | 7.7% | $61.0M | 56.0% | 1.72x | 424B |
Historical NOI reported in BBCMS 2024-5C29
| Period ending | NOI |
|---|---|
| 5/31/2024 | $29.8M |
| 12/31/2023 | $29.9M |
| 12/31/2022 | $28.6M |
More CMBS properties in Texas →
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%.