2851 Junction
An office property in San Jose, California. Securitized in 1 CMBS deal in 2017.
$83.0MAppraised value (latest deal)
$4.8MUnderwritten NOI
5.8%Implied cap rate
- Address
- 2851 Junction Avenue, San Jose, CA 95134
- Property type
- Office · Suburban
- Year built
- 2002
- Size
- 155,613 SF
- Sponsor
- Farshid Steve Shokouhi; Brett Michael Lipman
- Largest tenant
- TSMC North America
Appearances in CMBS deals
| Deal | Cut-off / filing | Appraised | Occ. | UW NOI | Cap | Loan / alloc. bal. | LTV | DSCR | Source |
|---|---|---|---|---|---|---|---|---|---|
| BANK 2017-BNK6 | 2017-07-27 | $83.0M | $4.8M | 5.8% | $30.1M | 70.0% | 1.96x | 424B |
Historical NOI reported in BANK 2017-BNK6
| Period ending | NOI |
|---|---|
| 12/31/2016 | $4.5M |
| 12/31/2015 T-7 Ann | $1.7M |
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%.