Newport Pavilion
A retail property in Newport, Kentucky. Securitized in 1 CMBS deal in 2021.
$73.9MAppraised value (latest deal)
97.7%Occupancy
$5.4MUnderwritten NOI
7.4%Implied cap rate
- Address
- 130 Pavilion Parkway, Newport, KY 41071
- Property type
- Retail · Anchored
- Year built
- 2009; 2014
- Size
- 332,311 SF
- Sponsor
- Rainier Realty Investments LP
- Loan purpose
- Acquisition
- Largest tenant
- Kroger
Appearances in CMBS deals
| Deal | Cut-off / filing | Appraised | Occ. | UW NOI | Cap | Loan / alloc. bal. | LTV | DSCR | Source |
|---|---|---|---|---|---|---|---|---|---|
| BANK 2021-BNK36 | 2021-10-07 | $73.9M | 97.7% | $5.4M | 7.4% | $21.6M | 69.8% | 3.16x | 424B |
Historical NOI reported in BANK 2021-BNK36
| Period ending | NOI |
|---|---|
| 5/31/2021 | $5.4M |
| 12/31/2020 | $5.5M |
| 12/31/2019 | $5.8M |
More CMBS properties in Kentucky →
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%.