Office · Bellevue, USA
Centre 425 (425 106th Avenue NE)
—, Bellevue, USA
Verified
sourcedmodeled1 of 7 sourced
Ownership & debt
Ownership chain & debt stack
Owner of record: Tristar Capital and RFR Holding (joint venture).
3 recorded holders · 2 beneficial owners · chain resolves 2 levels, with each holder's interest percentage and class.
1 debt tranche on file — lender, principal, rate and maturity.
Financials
Financial model
Effective gross income, operating expenses, DSCR, cash-on-cash, mark-to-market and replacement cost — the income side of the underwrite.
Tenants & leasing
Tenant roster & leasing
3 tenants of record, with GLA, floor, lease expiration and base rent — plus occupancy, WALT and the rollover stack.
Underwriting
Underwriting
Unlevered and levered IRR, equity multiple, exit math and a live sensitivity grid — built on the NOI, the debt stack and the rent roll above.
Provenance footnotes
- Current value: Single source — The Seattle Times · https://www.seattletimes.com/business/real-estate/new-amazon-occupied-office-in-bellevue-sells-for-record-price/ · observed 2017
- $/SF: Estimated — no sourced claim on file.
- GLA: Estimated — no sourced claim on file.
- Ownership — Tristar Capital and RFR Holding (joint venture): Single source — bellevuereporter.com · https://www.bellevuereporter.com/2017/10/18/tristar-capital-and-rfr-holding-purchase-centre-425-in-bellevue-from-schnitzer-west/
Modeled figures — LTV, debt yield, DSCR, cash-on-cash, occupancy, WALT, tenant concentration are derived arithmetic, not sourced claims. Not investment advice.
Anchoring begins when the asset enters the live ledger.