1888 Century Park East
An office property in Los Angeles, California. Securitized in 2 CMBS deals in 2022.
$478.0MAppraised value (latest deal)
91.6%Occupancy
$24.2MUnderwritten NOI
5.1%Implied cap rate
- Address
- 1888 Century Park East, Los Angeles, CA 90067
- Property type
- Office · CBD
- Year built
- 1970
- Size
- 502,510 SF
- Sponsor
- Fifth Street Properties, LLC
- Loan purpose
- Recapitalization
- Largest tenant
- First Republic Bank
Appearances in CMBS deals
| Deal | Cut-off / filing | Appraised | Occ. | UW NOI | Cap | Loan / alloc. bal. | LTV | DSCR | Source |
|---|---|---|---|---|---|---|---|---|---|
| BBCMS 2022-C14 | 2022-02-23 | $478.0M | 91.6% | $24.2M | 5.1% | $70.0M | 41.8% | 4.35x | 424B |
| BBCMS 2022-C16 | 2022-06-28 | $478.0M | 91.6% | $24.2M | 5.1% | $65.0M | 41.8% | 4.35x | 424B |
Historical NOI reported in BBCMS 2022-C16
| Period ending | NOI |
|---|---|
| 10/31/2021 | $19.5M |
| 12/31/2020 | $18.5M |
| 12/31/2019 | $19.5M |
More CMBS properties in California →
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%.