IGT North American Gaming & Interactive Headquarters
An office property in Las Vegas, Nevada. Securitized in 2 CMBS deals in 2018.
$75.5MAppraised value (latest deal)
100.0%Occupancy
$4.5MUnderwritten NOI
6.0%Implied cap rate
- Address
- 6355 South Buffalo Drive, Las Vegas, NV 89113
- Property type
- Office · Suburban
- Year built
- 2007
- Size
- 222,268 SF
- Sponsor
- Griffin Capital Company, LLC
- Loan purpose
- Refinance
- Largest tenant
- International Game Technology
Appearances in CMBS deals
| Deal | Cut-off / filing | Appraised | Occ. | UW NOI | Cap | Loan / alloc. bal. | LTV | DSCR | Source |
|---|---|---|---|---|---|---|---|---|---|
| MSC 2018-H3 | 2018-07-12 | $75.5M | 100.0% | $4.5M | 6.0% | $14.5M | 60.2% | 424B | |
| MSC 2018-L1 | 2018-10-23 | $75.5M | 100.0% | $4.5M | 6.0% | $10.9M | 60.2% | 424B |
Historical NOI reported in MSC 2018-L1
| Period ending | NOI |
|---|---|
| 12/31/2017 | $4.6M |
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%.