Plaza at Imperial Valley
A retail property in El Centro, California. Securitized in 1 CMBS deal in 2021.
$76.2MAppraised value (latest deal)
94.3%Occupancy
$4.4MUnderwritten NOI
5.8%Implied cap rate
- Address
- 520-580 Danenberg Drive, El Centro, CA 92243
- Property type
- Retail · Power Center
- Year built
- 2007
- Size
- 367,828 SF
- Sponsor
- Ronald B. Russ and Jeffrey S. Gould
- Loan purpose
- Refinance
- Largest tenant
- Burlington Coat Factory
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 | $76.2M | 94.3% | $4.4M | 5.8% | $49.5M | 65.0% | 2.16x | 424B |
Historical NOI reported in BANK 2021-BNK36
| Period ending | NOI |
|---|---|
| 4/30/2021 | $4.9M |
| 12/31/2020 | $4.9M |
| 12/31/2019 | $4.9M |
More CMBS properties in California →
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%.