The Tower at Burbank
An office property in Burbank, California. Securitized in 1 CMBS deal in 2019.
$314.0MAppraised value (latest deal)
97.3%Occupancy
$19.6MUnderwritten NOI
6.2%Implied cap rate
- Address
- 3900 West Alameda Avenue, Burbank, CA 91505
- Property type
- Office · CBD
- Year built
- 1989
- Size
- 490,807 SF
- Sponsor
- BPP Burbank Holdings LLC
- Loan purpose
- Refinance
- Largest tenant
- Disney
Appearances in CMBS deals
| Deal | Cut-off / filing | Appraised | Occ. | UW NOI | Cap | Loan / alloc. bal. | LTV | DSCR | Source |
|---|---|---|---|---|---|---|---|---|---|
| BANK 2019-BNK21 | 2019-10-23 | $314.0M | 97.3% | $19.6M | 6.2% | $70.0M | 62.1% | 424B |
Historical NOI reported in BANK 2019-BNK21
| Period ending | NOI |
|---|---|
| 12/31/2018 | $10.9M |
| 12/31/2017 | $5.4M |
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%.