The Shoppes at Eagle Point
A retail property in Cookeville, Tennessee. Securitized in 1 CMBS deal in 2022.
$70.0MAppraised value (latest deal)
98.0%Occupancy
$4.0MUnderwritten NOI
5.7%Implied cap rate
- Address
- 1265 Interstate Drive, Cookeville, TN 38501
- Property type
- Retail · Anchored
- Year built
- 2018
- Size
- 228,041 SF
- Sponsor
- CBL & Associates Limited Partnership
- Loan purpose
- Refinance
- Largest tenant
- Academy Sports
Appearances in CMBS deals
| Deal | Cut-off / filing | Appraised | Occ. | UW NOI | Cap | Loan / alloc. bal. | LTV | DSCR | Source |
|---|---|---|---|---|---|---|---|---|---|
| BBCMS 2022-C16 | 2022-06-28 | $70.0M | 98.0% | $4.0M | 5.7% | $30.0M | 57.1% | 1.39x | 424B |
Historical NOI reported in BBCMS 2022-C16
| Period ending | NOI |
|---|---|
| 2/28/2022 | $4.2M |
| 12/31/2021 | $4.1M |
| 12/31/2020 | $3.8M |
More CMBS properties in Tennessee →
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%.