Office · Santa Monica
Santa Monica Business Park
—, Santa Monica
Verified
sourcedmodeled1 of 7 sourced
Ownership & debt
Ownership chain & debt stack
Owner of record: BXP, Inc. (formerly Boston Properties, Inc.).
1 recorded holder · 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
1 tenant 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 — CPP Investments / BXP press releases; REBusinessOnline · https://www.cppinvestments.com/newsroom/boston-properties-and-cppib-complete-acquisition-santa-monica-business-park-california/ · observed 2018
- $/SF: Estimated — no sourced claim on file.
- GLA: Estimated — no sourced claim on file.
- Ownership — BXP, Inc. (formerly Boston Properties, Inc.): Single source — investors.bxp.com · https://investors.bxp.com/news-releases/news-release-details/boston-properties-and-canada-pension-plan-investment-board
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.