Gulfport Premium Outlets
A retail property in Gulfport, Mississippi. Securitized in 1 CMBS deal in 2016.
$108.0MAppraised value (latest deal)
92.2%Occupancy
$6.6MUnderwritten NOI
6.1%Implied cap rate
- Address
- 10000 Factory Shops Boulevard, Gulfport, MS 39501
- Property type
- Retail · Outlet Center
- Year built
- 1995
- Size
- 300,249 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 | $108.0M | 92.2% | $6.6M | 6.1% | $9.3M | 46.3% | 424B |
Historical NOI reported in MSC 2016-UBS9
| Period ending | NOI |
|---|---|
| 12/31/2015 TTM | $6.8M |
| 12/31/2014 | $6.5M |
| 12/31/2013 | $6.0M |
More CMBS properties in Mississippi →
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%.