Commercial Units at the Four Seasons Miami
A mixed-use property in Miami, Florida. Securitized in 1 CMBS deal in 2018.
$123.1MAppraised value (latest deal)
83.7%Occupancy
$7.9MUnderwritten NOI
6.4%Implied cap rate
- Address
- 1441 Brickell Avenue, Miami, FL 33131
- Property type
- Mixed Use · Office & Retail
- Year built
- 2003
- Size
- 260,517 SF
- Sponsor
- Millennium Partners
- Loan purpose
- Refinance
- Largest tenant
- Equinox
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 | $123.1M | 83.7% | $7.9M | 6.4% | $4.6M | 32.3% | 424B |
Historical NOI reported in MSC 2018-L1
| Period ending | NOI |
|---|---|
| 12/31/2017 | $7.9M |
| 12/31/2016 | $7.2M |
| 12/31/2015 | $6.0M |
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%.