Colorado Center
An office property in Santa Monica, California. Securitized in 1 CMBS deal in 2017.
$1.21BAppraised value (latest deal)
91.5%Occupancy
$55.4MUnderwritten NOI
4.6%Implied cap rate
- Address
- 2401, 2425, 2501 and 2525 Colorado Avenue; 2400, 2450 and 2500 Broadwa, Santa Monica, CA 90404
- Property type
- Office · CBD
- Year built
- 1984-1991
- Size
- 261,823 SF
- Sponsor
- Boston Properties Limited Partnership; Teachers Insurance and Annuity Association of Ameri
- Loan purpose
- Recapitalization
- Largest tenant
- HULU
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 | $1.21B | 91.5% | $55.4M | 4.6% | $20.0M | 24.6% | 4.83x | 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%.