Station Place III
An office property in Washington, District of Columbia. Securitized in 3 CMBS deals between 2017 and 2018.
$399.0MAppraised value (latest deal)
98.6%Occupancy
$22.5MUnderwritten NOI
5.6%Implied cap rate
- Address
- 700 2nd Street Northeast, Washington, DC 20002
- Property type
- Office · CBD
- Year built
- 2009
- Size
- 209,530 SF
- Sponsor
- Seven Hundred 2nd Street Holdings Mezz LLC
- Loan purpose
- Refinance
- Largest tenant
- U.S. Securities and Exchange Commission
Appearances in CMBS deals
| Deal | Cut-off / filing | Appraised | Occ. | UW NOI | Cap | Loan / alloc. bal. | LTV | DSCR | Source |
|---|---|---|---|---|---|---|---|---|---|
| JPMDB 2017-C7 | 2017-10-31 | $399.0M | 98.6% | $22.5M | 5.6% | $64.0M | 47.6% | 3.00x | 424B |
| CD 2017-CD6 | 2017-11-30 | $399.0M | 98.6% | $22.5M | 5.6% | $26.0M | 47.6% | 3.00x | 424B |
| BMARK 2018-B1 | 2018-01-31 | $399.0M | 98.6% | $22.5M | 5.6% | $50.0M | 47.6% | 3.00x | 424B |
More CMBS properties in District of Columbia →
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%.