Regions Tower
An office property in Indianapolis, Indiana. Securitized in 1 CMBS deal in 2018.
$124.4MAppraised value (latest deal)
84.5%Occupancy
$7.4MUnderwritten NOI
5.9%Implied cap rate
- Address
- 211 North Pennsylvania Street, Indianapolis, IN 46204
- Property type
- Office · CBD
- Year built
- 1969
- Size
- 687,237 SF
- Sponsor
- Elchonon Schwartz; Simon Singer; Isaac Maleh
- Loan purpose
- Refinance
- Largest tenant
- Taft Stettiinius & Hollister LLP
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 | $124.4M | 84.5% | $7.4M | 5.9% | $30.0M | 58.7% | 424B |
Historical NOI reported in MSC 2018-L1
| Period ending | NOI |
|---|---|
| 5/31/2018 TTM | $5.8M |
| 12/31/2017 | $5.7M |
| 12/31/2016 | $4.4M |
More CMBS properties in Indiana →
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%.