Centre Market Building
An office property in Newark, New Jersey. Securitized in 1 CMBS deal in 2017.
$89.0MAppraised value (latest deal)
88.1%Occupancy
$7.6MUnderwritten NOI
8.6%Implied cap rate
- Address
- 1100 Raymond Boulevard, Newark, NJ 07102
- Property type
- Office · CBD
- Year built
- 1922, 1967
- Size
- 388,122 SF
- Loan purpose
- Refinance
- Largest tenant
- US Customs and Border Protection
Appearances in CMBS deals
| Deal | Cut-off / filing | Appraised | Occ. | UW NOI | Cap | Loan / alloc. bal. | LTV | DSCR | Source |
|---|---|---|---|---|---|---|---|---|---|
| JPMCC 2017-JP5 | 2017-03-29 | $89.0M | 88.1% | $7.6M | 8.6% | $41.8M | 47.0% | 2.48x | 424B |
Historical NOI reported in JPMCC 2017-JP5
| Period ending | NOI |
|---|---|
| 12/31/2015 | $10.8M |
| 12/31/2014 | $10.5M |
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%.