Updated Aug 21, 2025
Canada Pension Plan Investment Board Provides $285 Million Refinance Loan For Hudson Pacific Properties Office Tower
1918 8th Avenue
$285,000,000
$426/SF
Building Size
667,724 SF
Asset Type
Office
Closing
Aug 19, 2025
About this deal
AI
The asset involved in this transaction is a 36-story office tower located at 1918 8th Avenue, Seattle, WA, with a total square footage of 667,724. The transaction pertains to a refinance loan amounting to $285,000,000 secured by the parties involved.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $285,000,000
- Lender: Canada Pension Plan Investment Board
- Landlord: Hudson Pacific Properties
- Loan Type: Refinance
- Market: Seattle, WA
Hudson Pacific Properties and Canada Pension Plan Investment Board secured a $285 million CMBS loan from Wells Fargo for the refinancing of the property occupied by Amazon.
On the Map
$285,000,000
$426/SF
Office
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Players
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Boundary boundary · Office · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.06%
Cash-on-Cash
-0.02%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93