International Plaza II
An office property in Dallas, Texas. Securitized in 1 CMBS deal in 2024.
$124.2MAppraised value (latest deal)
93.5%Occupancy
$10.9MUnderwritten NOI
8.8%Implied cap rate
- Address
- 14221 North Dallas Parkway, Dallas, TX 75254
- Property type
- Office · CBD
- Year built
- 2000
- Size
- 388,430 SF
- Sponsor
- Shorenstein Investment Advisors
- Loan purpose
- Acquisition
- Largest tenant
- Trinity Industries
Appearances in CMBS deals
| Deal | Cut-off / filing | Appraised | Occ. | UW NOI | Cap | Loan / alloc. bal. | LTV | DSCR | Source |
|---|---|---|---|---|---|---|---|---|---|
| WFCM 2024-5C2 | 2024-11-19 | $124.2M | 93.5% | $10.9M | 8.8% | $22.0M | 63.1% | 1.77x | 424B |
Historical NOI reported in WFCM 2024-5C2
| Period ending | NOI |
|---|---|
| 6/30/2024 | $8.9M |
| 12/31/2023 | $6.4M |
| 12/31/2022 | $5.8M |
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%.