Superstition Gateway
A retail property in Mesa, Arizona. Securitized in 1 CMBS deal in 2021.
$112.6MAppraised value (latest deal)
94.2%Occupancy
$7.9MUnderwritten NOI
7.0%Implied cap rate
- Address
- 1614-1959 South Signal Butte Road and 10720-10746 East Baseline Road, Mesa, AZ 85209
- Property type
- Retail · Anchored
- Year built
- 2006-2007
- Size
- 495,204 SF
- Sponsor
- Daniel S. Smith, DANCIN Trust and Deck, L.L.C.
- Loan purpose
- Refinance
- Largest tenant
- Kohl’s
Appearances in CMBS deals
| Deal | Cut-off / filing | Appraised | Occ. | UW NOI | Cap | Loan / alloc. bal. | LTV | DSCR | Source |
|---|---|---|---|---|---|---|---|---|---|
| MSC 2021-L7 | 2021-10-13 | $112.6M | 94.2% | $7.9M | 7.0% | $47.1M | 68.5% | 1.72x | 424B |
Historical NOI reported in MSC 2021-L7
| Period ending | NOI |
|---|---|
| 6/30/2021 | $7.9M |
| 12/31/2020 | $7.8M |
| 12/31/2019 | $7.2M |
More CMBS properties in Arizona →
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%.