Apex Fort Washington
An office property in Fort Washington, Pennsylvania. Securitized in 1 CMBS deal in 2017.
$84.6MAppraised value (latest deal)
91.9%Occupancy
$5.5MUnderwritten NOI
6.5%Implied cap rate
- Address
- 600-602 Office Center Drive, Fort Washington, PA 19034
- Property type
- Office · Suburban
- Year built
- 1988
- Size
- 388,318 SF
- Loan purpose
- Acquisition
- Largest tenant
- Nutrisystem
Appearances in CMBS deals
| Deal | Cut-off / filing | Appraised | Occ. | UW NOI | Cap | Loan / alloc. bal. | LTV | DSCR | Source |
|---|---|---|---|---|---|---|---|---|---|
| JPMCC 2017-JP6 | 2017-06-16 | $84.6M | 91.9% | $5.5M | 6.5% | $21.0M | 64.4% | 1.40x | 424B |
Historical NOI reported in JPMCC 2017-JP6
| Period ending | NOI |
|---|---|
| 12/31/2016 | $1.7M |
| 12/31/2015 | $2.9M |
More CMBS properties in Pennsylvania →
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%.