Heritage Plaza
An office property in Houston, Texas. Securitized in 1 CMBS deal in 2023.
$521.8MAppraised value (latest deal)
70.1%Occupancy
$21.8MUnderwritten NOI
4.2%Implied cap rate
- Address
- 1111 & 1200 Bagby Street, Houston, TX 77002
- Property type
- Office · CBD
- Year built
- 1986
- Size
- 1,158,165 SF
- Sponsor
- AEW CPT REIT, LLC, AEW Core Property (U.S.), L.P., Brookfield Office Properties Inc. and B
- Loan purpose
- Refinance
- Largest tenant
- EOG Resources
Appearances in CMBS deals
| Deal | Cut-off / filing | Appraised | Occ. | UW NOI | Cap | Loan / alloc. bal. | LTV | DSCR | Source |
|---|---|---|---|---|---|---|---|---|---|
| BMO 2023-5C1 | 2023-08-16 | $521.8M | 70.1% | $21.8M | 4.2% | $20.0M | 33.0% | 1.54x | 424B |
Historical NOI reported in BMO 2023-5C1
| Period ending | NOI |
|---|---|
| 12/31/2022 | $27.8M |
| 12/31/2021 | $18.9M |
| 12/31/2020 | $27.9M |
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%.