Linx
A mixed-use property in Watertown, Massachusetts. Securitized in 1 CMBS deal in 2024.
$247.0MAppraised value (latest deal)
100.0%Occupancy
$13.5MUnderwritten NOI
5.4%Implied cap rate
- Address
- 490 Arsenal Way, Watertown, MA 02472
- Property type
- Mixed Use · Lab/Office
- Year built
- 2018
- Size
- 185,015 SF
- Sponsor
- Clarion Partners, LLC
- Loan purpose
- Recapitalization
- Largest tenant
- C4 Therapeutics
Appearances in CMBS deals
| Deal | Cut-off / filing | Appraised | Occ. | UW NOI | Cap | Loan / alloc. bal. | LTV | DSCR | Source |
|---|---|---|---|---|---|---|---|---|---|
| BMO 2024-5C6 | 2024-09-12 | $247.0M | 100.0% | $13.5M | 5.4% | $53.0M | 38.1% | 2.36x | 424B |
Historical NOI reported in BMO 2024-5C6
| Period ending | NOI |
|---|---|
| 6/30/2024 | $15.2M |
| 12/31/2023 | $14.8M |
| 12/31/2022 | $12.2M |
More CMBS properties in Massachusetts →
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%.