St. Louis Premium Outlets
A retail property in Chesterfield, Missouri. Securitized in 1 CMBS deal in 2015.
$132.6MAppraised value (latest deal)
100.0%Occupancy
$8.1MUnderwritten NOI
6.1%Implied cap rate
- Address
- 18521 Outlet Boulevard, Chesterfield, MO 63005
- Property type
- Retail · Anchored
- Year built
- 2013
- Size
- 351,462 SF
- Sponsor
- Simon Property Group, L.P.
- Loan purpose
- Refinance
- Largest tenant
- Saks Fifth Avenue Off 5th
Appearances in CMBS deals
| Deal | Cut-off / filing | Appraised | Occ. | UW NOI | Cap | Loan / alloc. bal. | LTV | DSCR | Source |
|---|---|---|---|---|---|---|---|---|---|
| CSAIL 2015-C1 | 2015-03-20 | $132.6M | 100.0% | $8.1M | 6.1% | $26.0M | 71.6% | 1.41x | 424B |
Historical NOI reported in CSAIL 2015-C1
| Period ending | NOI |
|---|---|
| T10 06/30/2014 Ann | $8.9M |
| 2013 | $7.2M |
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%.