Equitable Plaza
An office property in Los Angeles, California. Securitized in 1 CMBS deal in 2014.
$150.5MAppraised value (latest deal)
85.8%Occupancy
$8.7MUnderwritten NOI
5.8%Implied cap rate
- Address
- 3425 Wilshire Boulevard, Los Angeles, CA 90010
- Property type
- Office · CBD
- Year built
- 1969
- Size
- 72,142 SF
- Sponsor
- David Y. Lee
- Loan purpose
- Refinance
- Largest tenant
- County of Los Angeles
Appearances in CMBS deals
| Deal | Cut-off / filing | Appraised | Occ. | UW NOI | Cap | Loan / alloc. bal. | LTV | DSCR | Source |
|---|---|---|---|---|---|---|---|---|---|
| COMM 2014-UBS3 | 2014-06-04 | $150.5M | 85.8% | $8.7M | 5.8% | $95.0M | 63.1% | 1.33x | 424B |
Historical NOI reported in COMM 2014-UBS3
| Period ending | NOI |
|---|---|
| 12/31/2013 | $7.5M |
| 12/31/2012 | $8.1M |
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%.