Dallas Market Center
A mixed-use property in Dallas, Texas. Securitized in 1 CMBS deal in 2024.
$636.5MAppraised value (latest deal)
91.1%Occupancy
$40.4MUnderwritten NOI
6.3%Implied cap rate
- Address
- 2000 North Stemmons Freeway and 2050-2100 North Stemmons Freeway, Dallas, TX 75207
- Property type
- Mixed Use · Merchandise Mart/Retail
- Year built
- 1957, 1958, 1974, 1979
- Size
- 2,746,550 SF
- Sponsor
- Dallas Market Center Financial, L.L.C.
- Loan purpose
- Refinance
- Largest tenant
- Goetz
Appearances in CMBS deals
| Deal | Cut-off / filing | Appraised | Occ. | UW NOI | Cap | Loan / alloc. bal. | LTV | DSCR | Source |
|---|---|---|---|---|---|---|---|---|---|
| BMO 2024-C9 | 2024-07-02 | $636.5M | 91.1% | $40.4M | 6.3% | $75.0M | 37.2% | 2.46x | 424B |
Historical NOI reported in BMO 2024-C9
| Period ending | NOI |
|---|---|
| 2/29/2024 | $36.4M |
| 2/28/2023 | $35.1M |
| 2/28/2022 | $34.3M |
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%.