450 Kendall Street
A mixed-use property in Cambridge, Massachusetts. Securitized in 1 CMBS deal in 2025.
$70.3MAppraised value (latest deal)
100.0%Occupancy
$4.8MUnderwritten NOI
6.9%Implied cap rate
- Address
- 450 Kendall Street, Cambridge, MA 02142
- Property type
- Mixed Use · Lab / Office
- Year built
- 2015
- Size
- 63,520 SF
- Sponsor
- BRE Edison L.P.
- Loan purpose
- Refinance
- Largest tenant
- Eli Lilly and
Appearances in CMBS deals
| Deal | Cut-off / filing | Appraised | Occ. | UW NOI | Cap | Loan / alloc. bal. | LTV | DSCR | Source |
|---|---|---|---|---|---|---|---|---|---|
| BMO 2025-5C9 | 2025-03-20 | $70.3M | 100.0% | $4.8M | 6.9% | $1.2M | 41.1% | 2.23x | 424B |
Historical NOI reported in BMO 2025-5C9
| Period ending | NOI |
|---|---|
| 11/30/2024 | $4.5M |
| 12/31/2023 | $3.8M |
| 12/31/2022 | $4.5M |
More CMBS properties in Massachusetts →
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%.