20 & 40 Pacifica
An office property in Irvine, California. Securitized in 2 CMBS deals in 2024.
$267.1MAppraised value (latest deal)
88.4%Occupancy
$19.3MUnderwritten NOI
7.2%Implied cap rate
- Address
- 20 & 40 Pacifica, Irvine, CA 92618
- Property type
- Office · Suburban
- Year built
- 2007, 2008
- Size
- 627,900 SF
- Sponsor
- The Irvine Company LLC
- Loan purpose
- Recapitalization
- Largest tenant
- Amazon
Appearances in CMBS deals
| Deal | Cut-off / filing | Appraised | Occ. | UW NOI | Cap | Loan / alloc. bal. | LTV | DSCR | Source |
|---|---|---|---|---|---|---|---|---|---|
| BMO 2024-C9 | 2024-07-02 | $267.1M | 88.4% | $19.3M | 7.2% | $69.0M | 43.1% | 2.83x | 424B |
| BANK 2024-BNK48 | 2024-10-01 | $267.1M | 88.4% | $19.3M | 7.2% | $46.0M | 43.1% | 2.83x | 424B |
Historical NOI reported in BANK 2024-BNK48
| Period ending | NOI |
|---|---|
| 4/30/2024 | $17.9M |
| 6/30/2023 | $18.1M |
| 6/30/2022 | $18.5M |
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%.