Grove City Premium Outlets
A retail property in Grove City, Pennsylvania. Securitized in 1 CMBS deal in 2016.
$255.0MAppraised value (latest deal)
97.9%Occupancy
$16.8MUnderwritten NOI
6.6%Implied cap rate
- Address
- 1911 Leesburg Grove City Road, Grove City, PA 16127
- Property type
- Retail · Outlet Center
- Year built
- 1994
- Size
- 531,200 SF
- Sponsor
- Simon Property Group, L.P.
- Loan purpose
- Refinance
- Largest tenant
- V.F. Factory Outlet
Appearances in CMBS deals
| Deal | Cut-off / filing | Appraised | Occ. | UW NOI | Cap | Loan / alloc. bal. | LTV | DSCR | Source |
|---|---|---|---|---|---|---|---|---|---|
| MSC 2016-UBS9 | 2016-03-09 | $255.0M | 97.9% | $16.8M | 6.6% | $20.0M | 54.9% | 424B |
Historical NOI reported in MSC 2016-UBS9
| Period ending | NOI |
|---|---|
| 12/31/2015 TTM | $16.7M |
| 12/31/2014 | $16.1M |
| 12/31/2013 | $15.0M |
More CMBS properties in Pennsylvania →
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%.