Discovery Business Center
An office property in Irvine, California. Securitized in 1 CMBS deal in 2025.
$342.7MAppraised value (latest deal)
79.2%Occupancy
$26.1MUnderwritten NOI
7.6%Implied cap rate
- Address
- 32-49 Discovery, 6501-6591 Irvine Center Drive and 15201-15480 Laguna , Irvine, CA 92618
- Property type
- Office · Suburban
- Year built
- 2000-2007
- Size
- 1,287,820 SF
- Sponsor
- The Irvine Company LLC
- Loan purpose
- Recapitalization
- Largest tenant
- LoanDepot.com
Appearances in CMBS deals
| Deal | Cut-off / filing | Appraised | Occ. | UW NOI | Cap | Loan / alloc. bal. | LTV | DSCR | Source |
|---|---|---|---|---|---|---|---|---|---|
| BANK 2025-BNK49 | 2025-03-17 | $342.7M | 79.2% | $26.1M | 7.6% | $90.0M | 43.8% | 2.69x | 424B |
Historical NOI reported in BANK 2025-BNK49
| Period ending | NOI |
|---|---|
| 11/30/2024 | $27.4M |
| 6/30/2024 | $30.1M |
| 6/30/2023 | $32.2M |
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%.