Central Park
An office property in Burbank, California. Securitized in 1 CMBS deal in 2017.
$120.0MAppraised value (latest deal)
97.3%Occupancy
$8.8MUnderwritten NOI
7.3%Implied cap rate
- Address
- 3500 West Olive Avenue, Burbank, CA 91505
- Property type
- Office · CBD
- Year built
- 1985
- Size
- 63,283 SF
- Sponsor
- Blackstone Property Partners Lower Fund 1 L.P.
- Loan purpose
- Acquisition
- Largest tenant
- Turner Broadcasting
Appearances in CMBS deals
| Deal | Cut-off / filing | Appraised | Occ. | UW NOI | Cap | Loan / alloc. bal. | LTV | DSCR | Source |
|---|---|---|---|---|---|---|---|---|---|
| CD 2017-CD6 | 2017-11-30 | $120.0M | 97.3% | $8.8M | 7.3% | $5.8M | 36.5% | 4.64x | 424B |
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%.