500 Fairview Avenue
A mixed-use property in Seattle, Washington. Securitized in 1 CMBS deal in 2025.
$101.8MAppraised value (latest deal)
75.8%Occupancy
$5.9MUnderwritten NOI
5.8%Implied cap rate
- Address
- 500 Fairview Avenue North, Seattle, WA 98109
- Property type
- Mixed Use · Lab / Office
- Year built
- 2015
- Size
- 123,838 SF
- Sponsor
- BRE Edison L.P.
- Loan purpose
- Refinance
- Largest tenant
- Bruker
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 | $101.8M | 75.8% | $5.9M | 5.8% | $1.5M | 41.1% | 2.23x | 424B |
Historical NOI reported in BMO 2025-5C9
| Period ending | NOI |
|---|---|
| 11/30/2024 | $6.0M |
| 12/31/2023 | $6.7M |
| 12/31/2022 | $7.1M |
More CMBS properties in Washington →
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%.