Offices at Mall of America
An office property in Bloomington, Minnesota. Securitized in 1 CMBS deal in 2018.
$65.0MAppraised value (latest deal)
85.5%Occupancy
$3.7MUnderwritten NOI
5.7%Implied cap rate
- Address
- 2131 Lindau Lane, Bloomington, MN 55425
- Property type
- Office · Suburban
- Year built
- 2016
- Size
- 169,311 SF
- Sponsor
- Triple Five Worldwide
- Loan purpose
- Refinance
- Largest tenant
- Cray
Appearances in CMBS deals
| Deal | Cut-off / filing | Appraised | Occ. | UW NOI | Cap | Loan / alloc. bal. | LTV | DSCR | Source |
|---|---|---|---|---|---|---|---|---|---|
| MSC 2018-L1 | 2018-10-23 | $65.0M | 85.5% | $3.7M | 5.7% | $42.0M | 64.6% | 1.30x | 424B |
Historical NOI reported in MSC 2018-L1
| Period ending | NOI |
|---|---|
| 5/31/2018 TTM | $4.8M |
| 12/31/2017 | $3.6M |
More CMBS properties in Minnesota →
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%.