Pacific Design Center
A mixed-use property in West Hollywood, California. Securitized in 1 CMBS deal in 2023.
$512.5MAppraised value (latest deal)
78.3%Occupancy
$33.8MUnderwritten NOI
6.6%Implied cap rate
- Address
- 8687 and 8661 Melrose Avenue and 700 North San Vicente Boulevard, West Hollywood, CA 90069
- Property type
- Mixed Use · Office / Showroom / Lab
- Year built
- 1975, 1988
- Size
- 1,053,217 SF
- Sponsor
- Charles Steven Cohen
- Loan purpose
- Refinance
- Largest tenant
- Cedars Sinai Medical Center
Appearances in CMBS deals
| Deal | Cut-off / filing | Appraised | Occ. | UW NOI | Cap | Loan / alloc. bal. | LTV | DSCR | Source |
|---|---|---|---|---|---|---|---|---|---|
| BMO 2023-C5 | 2023-06-21 | $512.5M | 78.3% | $33.8M | 6.6% | $15.0M | 47.8% | 2.17x | 424B |
Historical NOI reported in BMO 2023-C5
| Period ending | NOI |
|---|---|
| 9/30/2022 | $26.7M |
| 12/31/2021 | $25.8M |
| 12/31/2020 | $21.1M |
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%.