Gateway Center
An office property in Pittsburgh, Pennsylvania. Securitized in 1 CMBS deal in 2013.
$155.5MAppraised value (latest deal)
85.6%Occupancy
$11.4MUnderwritten NOI
7.4%Implied cap rate
- Address
- 401-444 Liberty Avenue, 603 Stanwix Street, 420 Fort Duquesne Boulevar, Pittsburgh, PA 15222
- Property type
- Office · CBD
- Year built
- 1952, 1960
- Size
- 1,469,666 SF
- Loan purpose
- Refinance
- Largest tenant
- Gateway Health
Appearances in CMBS deals
| Deal | Cut-off / filing | Appraised | Occ. | UW NOI | Cap | Loan / alloc. bal. | LTV | DSCR | Source |
|---|---|---|---|---|---|---|---|---|---|
| JPMCC 2013-C10 | 2013-03-11 | $155.5M | 85.6% | $11.4M | 7.4% | $112.0M | 72.0% | 1.32x | 424B |
Historical NOI reported in JPMCC 2013-C10
| Period ending | NOI |
|---|---|
| 12/31/2011 | $9.0M |
| 12/31/2010 | $9.1M |
More CMBS properties in Pennsylvania →
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%.