Plaza Frontenac
A retail property in Frontenac, Missouri. Securitized in 1 CMBS deal in 2018.
$210.0MAppraised value (latest deal)
96.5%Occupancy
$10.0MUnderwritten NOI
4.8%Implied cap rate
- Address
- 1701 South Lindbergh Boulevard, Frontenac, MO 63131
- Property type
- Retail · Anchored
- Year built
- 1974
- Size
- 351,006 SF
- Sponsor
- General Growth Properties; Canada Pension Plan Investment Board
- Loan purpose
- Refinance
- Largest tenant
- Saks Fifth Avenue
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 | $210.0M | 96.5% | $10.0M | 4.8% | $40.0M | 47.6% | 424B |
Historical NOI reported in MSC 2018-L1
| Period ending | NOI |
|---|---|
| 12/31/2017 | $9.9M |
| 12/31/2016 | $9.8M |
| 12/31/2015 | $9.5M |
More CMBS properties in Missouri →
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%.