Zenith Ridge
An office property in Canonsburg, Pennsylvania. Securitized in 2 CMBS deals in 2018.
$133.1MAppraised value (latest deal)
100.0%Occupancy
$9.4MUnderwritten NOI
7.1%Implied cap rate
- Address
- 2200, 2400 and 2600 Ansys Drive, Canonsburg, PA 15317
- Property type
- Office · Suburban
- Year built
- 2014, 2015, 2016
- Size
- 486,000 SF
- Sponsor
- James D. Scalo; John F. Scalo; Charles R. Zappala; John J. Verbanac
- Loan purpose
- Refinance
- Largest tenant
- Ansys
Appearances in CMBS deals
| Deal | Cut-off / filing | Appraised | Occ. | UW NOI | Cap | Loan / alloc. bal. | LTV | DSCR | Source |
|---|---|---|---|---|---|---|---|---|---|
| CD 2018-CD7 | 2018-08-24 | $133.1M | 100.0% | $9.4M | 7.1% | $35.0M | 67.6% | 1.54x | 424B |
| MSC 2018-L1 | 2018-10-23 | $133.1M | 100.0% | $9.4M | 7.1% | $30.0M | 67.6% | 1.54x | 424B |
Historical NOI reported in MSC 2018-L1
| Period ending | NOI |
|---|---|
| 5/31/2018 TTM | $9.4M |
| 12/31/2017 | $8.8M |
| 12/31/2016 | $7.7M |
More CMBS properties in Pennsylvania →
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%.