Market Street - The Woodlands
A retail property in The Woodlands, Texas. Securitized in 1 CMBS deal in 2017.
$326.2MAppraised value (latest deal)
92.5%Occupancy
$16.0MUnderwritten NOI
4.9%Implied cap rate
- Address
- 9595 Six Pines Drive, The Woodlands, TX 77380
- Property type
- Retail · Lifestyle Center
- Year built
- 2004
- Size
- 492,082 SF
- Sponsor
- Institutional Mall Investors LLC
- Loan purpose
- Refinance
- Largest tenant
- H-E-B Woodlands Market
Appearances in CMBS deals
| Deal | Cut-off / filing | Appraised | Occ. | UW NOI | Cap | Loan / alloc. bal. | LTV | DSCR | Source |
|---|---|---|---|---|---|---|---|---|---|
| BANK 2017-BNK5 | 2017-06-29 | $326.2M | 92.5% | $16.0M | 4.9% | $65.0M | 53.6% | 424B |
Historical NOI reported in BANK 2017-BNK5
| Period ending | NOI |
|---|---|
| 12/31/2016 | $15.2M |
| 12/31/2015 | $14.6M |
| 12/31/2014 | $14.5M |
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%.