UCI Research Park Phases 12 & 13
An office property in Irvine, California. Securitized in 1 CMBS deal in 2022.
$300.0MAppraised value (latest deal)
100.0%Occupancy
$18.2MUnderwritten NOI
6.1%Implied cap rate
- Address
- 5260, 5270, 5271, 5281, 5290, 5291, 5300 and 5301 California Avenue, Irvine, CA 92617
- Property type
- Office · Suburban
- Year built
- 2007
- Size
- 686,276 SF
- Sponsor
- The Irvine Company LLC
- Loan purpose
- Recapitalization
- Largest tenant
- Covidien
Appearances in CMBS deals
| Deal | Cut-off / filing | Appraised | Occ. | UW NOI | Cap | Loan / alloc. bal. | LTV | DSCR | Source |
|---|---|---|---|---|---|---|---|---|---|
| BANK 2022-BNK41 | 2022-05-05 | $300.0M | 100.0% | $18.2M | 6.1% | $50.0M | 50.0% | 3.66x | 424B |
Historical NOI reported in BANK 2022-BNK41
| Period ending | NOI |
|---|---|
| 12/31/2021 | $19.1M |
| 6/30/2021 | $16.9M |
| 6/30/2020 | $10.8M |
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%.