Grand Canal Shoppes
A retail property in Las Vegas, Nevada. Securitized in 1 CMBS deal in 2019.
$1.64BAppraised value (latest deal)
94.0%Occupancy
$73.0MUnderwritten NOI
4.5%Implied cap rate
- Address
- 3327 & 3377 Las Vegas Boulevard South, Las Vegas, NV 89109
- Property type
- Retail · Specialty Retail
- Year built
- 1999
- Size
- 759,891 SF
- Sponsor
- Brookfield Properties REIT Inc.; Nuveen Real Estate
- Loan purpose
- Refinance
- Largest tenant
- Venetian Casino Resort
Appearances in CMBS deals
| Deal | Cut-off / filing | Appraised | Occ. | UW NOI | Cap | Loan / alloc. bal. | LTV | DSCR | Source |
|---|---|---|---|---|---|---|---|---|---|
| BANK 2019-BNK21 | 2019-10-23 | $1.64B | 94.0% | $73.0M | 4.5% | $40.0M | 46.3% | 424B |
Historical NOI reported in BANK 2019-BNK21
| Period ending | NOI |
|---|---|
| 3/31/2019 TTM | $71.5M |
| 12/31/2018 | $71.3M |
| 12/31/2017 | $74.4M |
More CMBS properties in Nevada →
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%.