Starbucks Center
A mixed-use property in Seattle, Washington. Securitized in 1 CMBS deal in 2016.
$453.5MAppraised value (latest deal)
93.0%Occupancy
$17.2MUnderwritten NOI
3.8%Implied cap rate
- Address
- 2401 & 2701 Utah Avenue South, Seattle, WA 98134
- Property type
- Mixed Use · Office/Retail
- Year built
- 1912, 1915, 1993
- Size
- 1,151,196 SF
- Sponsor
- Peter P. Nitze; Kevin Daniels
- Loan purpose
- Refinance
- Largest tenant
- Starbucks
Appearances in CMBS deals
| Deal | Cut-off / filing | Appraised | Occ. | UW NOI | Cap | Loan / alloc. bal. | LTV | DSCR | Source |
|---|---|---|---|---|---|---|---|---|---|
| CD 2016-CD2 | 2016-12-08 | $453.5M | 93.0% | $17.2M | 3.8% | $35.0M | 30.9% | 3.16x | 424B |
More CMBS properties in Washington →
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%.