Bell Works
An office property in Holmdel, New Jersey. Securitized in 1 CMBS deal in 2022.
$335.2MAppraised value (latest deal)
90.5%Occupancy
$19.8MUnderwritten NOI
5.9%Implied cap rate
- Address
- 101 Crawfords Corner Road, Holmdel, NJ 07733
- Property type
- Office · Suburban
- Year built
- 1962, 1964, 1982
- Size
- 1,371,470 SF
- Sponsor
- Ralph Zucker and Jozef Straus
- Loan purpose
- Refinance
- Largest tenant
- iCIMS
Appearances in CMBS deals
| Deal | Cut-off / filing | Appraised | Occ. | UW NOI | Cap | Loan / alloc. bal. | LTV | DSCR | Source |
|---|---|---|---|---|---|---|---|---|---|
| BBCMS 2022-C16 | 2022-06-28 | $335.2M | 90.5% | $19.8M | 5.9% | $40.0M | 62.6% | 1.68x | 424B |
Historical NOI reported in BBCMS 2022-C16
| Period ending | NOI |
|---|---|
| 2/28/2022 | $15.2M |
| 12/31/2021 | $15.8M |
| 12/31/2020 | $11.6M |
More CMBS properties in New Jersey →
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%.