Pathline Park 9 & 10
An office property in Sunnyvale, California. Securitized in 1 CMBS deal in 2021.
$251.0MAppraised value (latest deal)
100.0%Occupancy
$13.3MUnderwritten NOI
5.3%Implied cap rate
- Address
- 625 North Mary Avenue and 925 West Maude Avenue, Sunnyvale, CA 94085
- Property type
- Office · Suburban
- Year built
- 2020
- Size
- 242,226 SF
- Sponsor
- The Irvine Company LLC
- Loan purpose
- Recapitalization
- Largest tenant
- Proofpoint
Appearances in CMBS deals
| Deal | Cut-off / filing | Appraised | Occ. | UW NOI | Cap | Loan / alloc. bal. | LTV | DSCR | Source |
|---|---|---|---|---|---|---|---|---|---|
| BANK 2021-BNK32 | 2021-03-24 | $251.0M | 100.0% | $13.3M | 5.3% | $90.0M | 51.8% | 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%.