Constitution Center
An office property in Washington, District of Columbia. Securitized in 2 CMBS deals in 2022.
$914.0MAppraised value (latest deal)
100.0%Occupancy
$56.3MUnderwritten NOI
6.2%Implied cap rate
- Address
- 400 7th Street Southwest, Washington, DC 20024
- Property type
- Office · CBD
- Year built
- 1968
- Size
- 1,410,049 SF
- Sponsor
- MetLife, Inc. and New York Common Retirement Fund
- Loan purpose
- Refinance
- Largest tenant
- OCC
Appearances in CMBS deals
| Deal | Cut-off / filing | Appraised | Occ. | UW NOI | Cap | Loan / alloc. bal. | LTV | DSCR | Source |
|---|---|---|---|---|---|---|---|---|---|
| MSC 2022-L8 | 2022-04-07 | $914.0M | 100.0% | $56.3M | 6.2% | $68.0M | 43.5% | 4.30x | 424B |
| BANK 2022-BNK41 | 2022-05-05 | $914.0M | 100.0% | $56.3M | 6.2% | $110.0M | 43.5% | 4.30x | 424B |
Historical NOI reported in BANK 2022-BNK41
| Period ending | NOI |
|---|---|
| 12/31/2021 | $52.9M |
| 12/31/2020 | $51.4M |
| 12/31/2019 | $49.6M |
More CMBS properties in District of Columbia →
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%.