Las Olas City Centre
An office property in Fort Lauderdale, Florida. Securitized in 1 CMBS deal in 2025.
$222.7MAppraised value (latest deal)
94.6%Occupancy
$18.5MUnderwritten NOI
8.3%Implied cap rate
- Address
- 401 East Las Olas Boulevard, Fort Lauderdale, FL 33301
- Property type
- Office · CBD
- Year built
- 2003
- Size
- 410,561 SF
- Sponsor
- Lone Star R.E. Management Co. VII, Ltd., LSREF VII REIT Holdings I, L.P., and LSREF7 REIT
- Loan purpose
- Acquisition
- Largest tenant
- Bank of America
Appearances in CMBS deals
| Deal | Cut-off / filing | Appraised | Occ. | UW NOI | Cap | Loan / alloc. bal. | LTV | DSCR | Source |
|---|---|---|---|---|---|---|---|---|---|
| BMO 2025-5C9 | 2025-03-20 | $222.7M | 94.6% | $18.5M | 8.3% | $10.0M | 65.1% | 1.78x | 424B |
Historical NOI reported in BMO 2025-5C9
| Period ending | NOI |
|---|---|
| 10/31/2024 | $16.5M |
| 12/31/2023 | $14.5M |
| 12/31/2022 | $13.3M |
More CMBS properties in Florida →
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%.