660 Newport Center Drive
An office property in Newport Beach, California. Securitized in 1 CMBS deal in 2025.
$168.0MAppraised value (latest deal)
88.2%Occupancy
$12.5MUnderwritten NOI
7.5%Implied cap rate
- Address
- 660 Newport Center Drive, Newport Beach, CA 92660
- Property type
- Office · CBD
- Year built
- 1974
- Size
- 266,239 SF
- Sponsor
- The Irvine Company LLC
- Loan purpose
- Recapitalization
- Largest tenant
- Stradling Yocca Carlson and Rauth
Appearances in CMBS deals
| Deal | Cut-off / filing | Appraised | Occ. | UW NOI | Cap | Loan / alloc. bal. | LTV | DSCR | Source |
|---|---|---|---|---|---|---|---|---|---|
| BANK 2025-BNK49 | 2025-03-17 | $168.0M | 88.2% | $12.5M | 7.5% | $80.0M | 47.6% | 2.62x | 424B |
Historical NOI reported in BANK 2025-BNK49
| Period ending | NOI |
|---|---|
| 12/31/2024 | $12.9M |
| 12/31/2023 | $11.8M |
| 12/31/2022 | $10.2M |
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%.