Freeway Business Park
An office property in Long Beach, California. Securitized in 1 CMBS deal in 2026.
$157.0MAppraised value (latest deal)
89.9%Occupancy
$11.9MUnderwritten NOI
7.6%Implied cap rate
- Address
- 1500 Hughes Way, Long Beach, CA 90810
- Property type
- Office · Suburban
- Year built
- 1982
- Size
- 494,055 SF
- Sponsor
- Omninet Capital, LLC
- Loan purpose
- Refinance
- Largest tenant
- County of LA - DPSS
Appearances in CMBS deals
| Deal | Cut-off / filing | Appraised | Occ. | UW NOI | Cap | Loan / alloc. bal. | LTV | DSCR | Source |
|---|---|---|---|---|---|---|---|---|---|
| BANK5 2026-5YR22 | 2026-05-26 | $157.0M | 89.9% | $11.9M | 7.6% | $30.0M | 60.5% | 1.99x | 424B |
Historical NOI reported in BANK5 2026-5YR22
| Period ending | NOI |
|---|---|
| 11/30/2025 | $7.3M |
| 12/31/2024 | $1.8M |
| 12/31/2023 | $1.9M |
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%.