Miracle Mile Shops
A retail property in Las Vegas, Nevada. Securitized in 1 CMBS deal in 2013.
$925.0MAppraised value (latest deal)
98.1%Occupancy
$48.4MUnderwritten NOI
5.2%Implied cap rate
- Address
- 3663 Las Vegas Boulevard South, Las Vegas, NV 89109
- Property type
- Retail · Regional Mall
- Year built
- 2000
- Size
- 448,835 SF
- Loan purpose
- Refinance
- Largest tenant
- V Theater
Appearances in CMBS deals
| Deal | Cut-off / filing | Appraised | Occ. | UW NOI | Cap | Loan / alloc. bal. | LTV | DSCR | Source |
|---|---|---|---|---|---|---|---|---|---|
| JPMBB 2013-C15 | 2013-10-29 | $925.0M | 98.1% | $48.4M | 5.2% | $110.0M | 62.7% | 1.24x | 424B |
Historical NOI reported in JPMBB 2013-C15
| Period ending | NOI |
|---|---|
| 12/31/2012 | $43.6M |
| 12/31/2011 | $41.9M |
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%.