Havenwood Office Park
An office property in Spring, Texas. Securitized in 1 CMBS deal in 2021.
$69.7MAppraised value (latest deal)
86.8%Occupancy
$4.0MUnderwritten NOI
5.8%Implied cap rate
- Address
- 25700 Interstate 45, Spring, TX 77386
- Property type
- Office · Suburban
- Year built
- 2017
- Size
- 239,629 SF
- Sponsor
- Rodrigo Pelaez Diaz
- Loan purpose
- Refinance
- Largest tenant
- GSA
Appearances in CMBS deals
| Deal | Cut-off / filing | Appraised | Occ. | UW NOI | Cap | Loan / alloc. bal. | LTV | DSCR | Source |
|---|---|---|---|---|---|---|---|---|---|
| MSC 2021-L7 | 2021-10-13 | $69.7M | 86.8% | $4.0M | 5.8% | $44.9M | 64.5% | 1.93x | 424B |
Historical NOI reported in MSC 2021-L7
| Period ending | NOI |
|---|---|
| 5/31/2021 | $1.8M |
| 12/31/2020 | $1.7M |
| 12/31/2019 | $752K |
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%.