The Towers at Cupertino City Center
An office property in Cupertino, California. Securitized in 2 CMBS deals in 2026.
$228.0MAppraised value (latest deal)
89.8%Occupancy
$16.4MUnderwritten NOI
7.2%Implied cap rate
- Address
- 20400 & 20450 Stevens Creek Boulevard, Cupertino, CA 95014
- Property type
- Office · Suburban
- Year built
- 1987
- Size
- 357,838 SF
- Sponsor
- Prometheus Real Estate Group, Inc.
- Loan purpose
- Refinance
- Largest tenant
- Apple
Appearances in CMBS deals
| Deal | Cut-off / filing | Appraised | Occ. | UW NOI | Cap | Loan / alloc. bal. | LTV | DSCR | Source |
|---|---|---|---|---|---|---|---|---|---|
| BANK5 2026-5YR22 | 2026-05-26 | $228.0M | 89.8% | $16.4M | 7.2% | $60.0M | 63.6% | 1.69x | 424B |
| BMO 2026-5C15 | 2026-06-16 | $228.0M | 89.8% | $16.4M | 7.2% | $15.0M | 63.6% | 1.69x | 424B |
Historical NOI reported in BMO 2026-5C15
| Period ending | NOI |
|---|---|
| 12/31/2025 | $16.9M |
| 12/31/2024 | $17.6M |
| 12/31/2023 | $15.9M |
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%.