Lakeline Plaza
A retail property in Cedar Park, Texas. Securitized in 1 CMBS deal in 2019.
$71.6MAppraised value (latest deal)
96.2%Occupancy
$4.4MUnderwritten NOI
6.1%Implied cap rate
- Address
- 11066 Pecan Park Boulevard, Cedar Park, TX 78613
- Property type
- Retail · Anchored
- Year built
- 1998
- Size
- 313,580 SF
- Sponsor
- Washington Prime Group, L.P.
- Loan purpose
- Refinance
- Largest tenant
- Best Buy
Appearances in CMBS deals
| Deal | Cut-off / filing | Appraised | Occ. | UW NOI | Cap | Loan / alloc. bal. | LTV | DSCR | Source |
|---|---|---|---|---|---|---|---|---|---|
| BANK 2019-BNK21 | 2019-10-23 | $71.6M | 96.2% | $4.4M | 6.1% | $19.2M | 62.8% | 424B |
Historical NOI reported in BANK 2019-BNK21
| Period ending | NOI |
|---|---|
| 6/30/2019 TTM | $4.6M |
| 12/31/2018 | $4.6M |
| 12/31/2017 | $4.2M |
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%.