Stonebriar Centre
A retail property in Frisco, Texas. Securitized in 2 CMBS deals in 2024.
$605.0MAppraised value (latest deal)
96.7%Occupancy
$42.8MUnderwritten NOI
7.1%Implied cap rate
- Address
- 2601 Preston Road, Frisco, TX 75033
- Property type
- Retail · Super Regional Mall
- Year built
- 2000
- Size
- 1,096,880 SF
- Sponsor
- GGP/Homart II L.L.C., Brookfield Properties Retail Holding LLC and New York State Common R
- Loan purpose
- Refinance
- Largest tenant
- JCPenney
Appearances in CMBS deals
| Deal | Cut-off / filing | Appraised | Occ. | UW NOI | Cap | Loan / alloc. bal. | LTV | DSCR | Source |
|---|---|---|---|---|---|---|---|---|---|
| BMO 2024-5C6 | 2024-09-12 | $605.0M | 96.7% | $42.8M | 7.1% | $15.0M | 42.1% | 2.30x | 424B |
| BBCMS 2024-5C29 | 2024-09-18 | $605.0M | 96.7% | $42.8M | 7.1% | $30.0M | 42.1% | 2.30x | 424B |
Historical NOI reported in BBCMS 2024-5C29
| Period ending | NOI |
|---|---|
| 4/30/2024 | $43.7M |
| 12/31/2023 | $43.6M |
| 12/31/2022 | $39.2M |
More CMBS properties in Texas →
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%.