Park Tower at Transbay
An office property in San Francisco, California. Securitized in 1 CMBS deal in 2019.
$1.12BAppraised value (latest deal)
98.9%Occupancy
$56.4MUnderwritten NOI
5.0%Implied cap rate
- Address
- 250 Howard Street, San Francisco, CA 94105
- Property type
- Office · CBD
- Year built
- 2018-2019
- Size
- 764,659 SF
- Sponsor
- MetLife, Inc.
- Loan purpose
- Refinance
- Largest tenant
Appearances in CMBS deals
| Deal | Cut-off / filing | Appraised | Occ. | UW NOI | Cap | Loan / alloc. bal. | LTV | DSCR | Source |
|---|---|---|---|---|---|---|---|---|---|
| BANK 2019-BNK21 | 2019-10-23 | $1.12B | 98.9% | $56.4M | 5.0% | $115.0M | 49.1% | 424B |
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%.