Museum Tower
An office property in Miami, Florida. Securitized in 1 CMBS deal in 2023.
$76.0MAppraised value (latest deal)
92.1%Occupancy
$5.6MUnderwritten NOI
7.4%Implied cap rate
- Address
- 150 West Flagler Street, Miami, FL 33130
- Property type
- Office · CBD
- Year built
- 1983
- Size
- 243,825 SF
- Sponsor
- Moishe Mana
- Loan purpose
- Acquisition
- Largest tenant
- Stearns Weaver Miller
Appearances in CMBS deals
| Deal | Cut-off / filing | Appraised | Occ. | UW NOI | Cap | Loan / alloc. bal. | LTV | DSCR | Source |
|---|---|---|---|---|---|---|---|---|---|
| BMO 2023-5C1 | 2023-08-16 | $76.0M | 92.1% | $5.6M | 7.4% | $17.0M | 61.8% | 1.70x | 424B |
Historical NOI reported in BMO 2023-5C1
| Period ending | NOI |
|---|---|
| 1/31/2023 | $3.4M |
| 12/31/2022 | $3.3M |
| 12/31/2021 | $3.2M |
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%.