Moffett Towers Building D
An office property in Sunnyvale, California. Securitized in 3 CMBS deals between 2014 and 2024.
$300.0MAppraised value (latest deal)
100.0%Occupancy
$19.2MUnderwritten NOI
6.4%Implied cap rate
- Address
- 1100 Enterprise Way, Sunnyvale, CA 94089
- Property type
- Office · Suburban
- Year built
- 2014
- Size
- 357,481 SF
- Sponsor
- Joseph K. Paul (a/k/a Jay Paul)
- Loan purpose
- Recapitalization
- Largest tenant
- Amazon
Appearances in CMBS deals
| Deal | Cut-off / filing | Appraised | Occ. | UW NOI | Cap | Loan / alloc. bal. | LTV | DSCR | Source |
|---|---|---|---|---|---|---|---|---|---|
| COMM 2014-CCRE15 | 2014-02-03 | $241.0M | 100.0% | $39.1M | 66.6% | 1.40x | 424B | ||
| BMO 2024-5C6 | 2024-09-12 | $300.0M | 100.0% | $19.2M | 6.4% | $25.0M | 48.3% | 1.83x | 424B |
| WFCM 2024-5C2 | 2024-11-19 | $300.0M | 100.0% | $19.2M | 6.4% | $42.0M | 48.3% | 1.83x | 424B |
Historical NOI reported in WFCM 2024-5C2
| Period ending | NOI |
|---|---|
| 5/31/2024 | $16.9M |
| 12/31/2023 | $17.6M |
| 12/31/2022 | $17.4M |
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%.