Coral Ridge Shopping Center
A retail property in Fort Lauderdale, Florida. Securitized in 1 CMBS deal in 2015.
$74.0MAppraised value (latest deal)
94.5%Occupancy
$4.1MUnderwritten NOI
5.6%Implied cap rate
- Address
- 3200 North Federal Highway, Fort Lauderdale, FL 33306
- Property type
- Retail · Anchored
- Year built
- 1962
- Size
- 418,221 SF
- Loan purpose
- Refinance
- Largest tenant
- Target
Appearances in CMBS deals
| Deal | Cut-off / filing | Appraised | Occ. | UW NOI | Cap | Loan / alloc. bal. | LTV | DSCR | Source |
|---|---|---|---|---|---|---|---|---|---|
| JPMBB 2015-C31 | 2015-08-28 | $74.0M | 94.5% | $4.1M | 5.6% | $50.0M | 67.6% | 1.20x | 424B |
Historical NOI reported in JPMBB 2015-C31
| Period ending | NOI |
|---|---|
| 12/31/2014 | $4.1M |
| 12/31/2013 | $3.4M |
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%.