Riverwalk
An office property in Lawrence, Massachusetts. Securitized in 1 CMBS deal in 2018.
$117.0MAppraised value (latest deal)
93.0%Occupancy
$7.4MUnderwritten NOI
6.4%Implied cap rate
- Address
- 354, 360, 500, and 500A Merrimack Street, Lawrence, MA 01843
- Property type
- Office · Suburban
- Year built
- 1901, 2007
- Size
- 78,410 SF
- Sponsor
- Salvatore N. Lupoli
- Loan purpose
- Refinance
- Largest tenant
- Solectria
Appearances in CMBS deals
| Deal | Cut-off / filing | Appraised | Occ. | UW NOI | Cap | Loan / alloc. bal. | LTV | DSCR | Source |
|---|---|---|---|---|---|---|---|---|---|
| CD 2018-CD7 | 2018-08-24 | $117.0M | 93.0% | $7.4M | 6.4% | $20.0M | 69.0% | 1.34x | 424B |
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%.