270 Corporate Center
An office property in Germantown, Maryland. Securitized in 1 CMBS deal in 2017.
$71.5MAppraised value (latest deal)
87.8%Occupancy
$6.0MUnderwritten NOI
8.4%Implied cap rate
- Address
- 20201, 20250, 20251, 20300 Century Boulevard, Germantown, MD 20874
- Property type
- Office · Suburban
- Year built
- 1983
- Size
- 449,443 SF
- Sponsor
- Mark C. Matan; T. Richard Butera
- Loan purpose
- Refinance
- Largest tenant
- Department of Energy
Appearances in CMBS deals
| Deal | Cut-off / filing | Appraised | Occ. | UW NOI | Cap | Loan / alloc. bal. | LTV | DSCR | Source |
|---|---|---|---|---|---|---|---|---|---|
| BANK 2017-BNK5 | 2017-06-29 | $71.5M | 87.8% | $6.0M | 8.4% | $52.5M | 73.4% | 1.61x | 424B |
Historical NOI reported in BANK 2017-BNK5
| Period ending | NOI |
|---|---|
| 12/31/2016 | $4.9M |
| 12/31/2015 | $4.7M |
| 12/31/2014 | $3.7M |
More CMBS properties in Maryland →
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%.