Back Bay Office
An office property in Boston, Massachusetts. Securitized in 1 CMBS deal in 2023.
$1.41BAppraised value (latest deal)
95.8%Occupancy
$77.5MUnderwritten NOI
5.5%Implied cap rate
- Address
- 222 Berkeley Street and 500 Boylston Street, Boston, MA 02116
- Property type
- Office · CBD
- Year built
- 1987, 1991
- Size
- 1,283,670 SF
- Sponsor
- JPMorgan Chase Bank, N.A., J.P. Morgan Investment Management Inc., OMERS Administration Co
- Loan purpose
- Refinance
- Largest tenant
- Wayfair
Appearances in CMBS deals
| Deal | Cut-off / filing | Appraised | Occ. | UW NOI | Cap | Loan / alloc. bal. | LTV | DSCR | Source |
|---|---|---|---|---|---|---|---|---|---|
| BMO 2023-5C1 | 2023-08-16 | $1.41B | 95.8% | $77.5M | 5.5% | $30.0M | 33.7% | 2.55x | 424B |
Historical NOI reported in BMO 2023-5C1
| Period ending | NOI |
|---|---|
| 3/31/2023 | $63.0M |
| 12/31/2022 | $62.7M |
| 12/31/2021 | $61.5M |
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%.