Headquarters Plaza
A mixed-use property in Morristown, New Jersey. Securitized in 1 CMBS deal in 2017.
$239.0MAppraised value (latest deal)
91.8%Occupancy
$16.9MUnderwritten NOI
7.1%Implied cap rate
- Address
- 1, 2, 3 and 4 Speedwell Avenue, Morristown, NJ 07960
- Property type
- Mixed Use · Office/Hospitality/Retail
- Year built
- 1982-1993
- Size
- 79,170 SF
- Sponsor
- Seth Schochet; Brian Fisher
- Loan purpose
- Recapitalization
- Largest tenant
- Riker, Danzig, Scherer
Appearances in CMBS deals
| Deal | Cut-off / filing | Appraised | Occ. | UW NOI | Cap | Loan / alloc. bal. | LTV | DSCR | Source |
|---|---|---|---|---|---|---|---|---|---|
| CD 2017-CD6 | 2017-11-30 | $239.0M | 91.8% | $16.9M | 7.1% | $75.0M | 62.8% | 2.23x | 424B |
More CMBS properties in New Jersey →
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%.