Majestic Industrial Portfolio
A leased fee property in Las Vegas, Nevada. Securitized in 1 CMBS deal in 2017.
$68.5MAppraised value (latest deal)
$1.7MUnderwritten NOI
2.4%Implied cap rate
- Address
- 1335 East Sunset Road; 3165 West Sunset Road; 3455 West Sunset Road; 3, Las Vegas, NV 89118
- Property type
- Leased Fee · Leased Fee
- Year built
- 1999 - 2005
- Size
- 1,487,620 SF
- Sponsor
- Joe Kennedy
- Largest tenant
- Dynamex Operations West
Appearances in CMBS deals
| Deal | Cut-off / filing | Appraised | Occ. | UW NOI | Cap | Loan / alloc. bal. | LTV | DSCR | Source |
|---|---|---|---|---|---|---|---|---|---|
| BANK 2017-BNK6 | 2017-07-27 | $68.5M | $1.7M | 2.4% | $16.0M | 23.3% | 1.61x | 424B |
Historical NOI reported in BANK 2017-BNK6
| Period ending | NOI |
|---|---|
| 12/31/2016 | $1.7M |
| 12/31/2015 | $379K |
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%.