Summit 1, 2
An office property in Bellevue, Washington. Securitized in 2 CMBS deals in 2022.
$500.0MAppraised value (latest deal)
96.9%Occupancy
- Address
- 355 110th Avenue Northeast & 10885 Northeast 4th Street, Bellevue, WA 98004
- Property type
- Office · CBD
- Year built
- 2002, 2005
- Size
- 533,086 SF
- Sponsor
- KKR Property Partners Americas (EEA) SCSp and KKR Property Partners Americas L.P.
- Loan purpose
- Refinance
- Largest tenant
- Puget Sound Energy
Appearances in CMBS deals
| Deal | Cut-off / filing | Appraised | Occ. | UW NOI | Cap | Loan / alloc. bal. | LTV | DSCR | Source |
|---|---|---|---|---|---|---|---|---|---|
| BBCMS 2022-C14 | 2022-02-23 | $500.0M | 96.9% | $27.9M | 36.5% | 4.11x | 424B | ||
| BBCMS 2022-C16 | 2022-06-28 | $500.0M | 96.9% | $9.5M | 36.5% | 4.11x | 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%.