Industrial · Sterling, Virginia
1-21 Export Drive
1-21 Export Drive is financed with a $5.0M CMBS loan at 5.05% that reaches maturity on May 6, 2028, in 18 months. As of the Sep 2026 servicer report, the latest filed for this loan, its status is current.
The loan
- Balance in tracked trusts
- $4,993,286
- Original balance (same notes)
- $5,250,000
- Interest rate
- 5.05% fixed
- Originated
- May 4, 2018
- Maturity
- May 6, 2028
- Payments
- Interest only for 60 months, then amortizing
- Prepayment lockout ends
- February 5, 2028
- Master servicer
- Trimont LLC
- Originator
- Starwood Mortgage Capital LLC
Status
- Payment status
- Current (code 0)
- Special servicing
- No transfer reported
- Defeasance
- None reported
The property
- Address
- 21 Export Drive, Sterling, VA 20164
- Metro
- Washington-Arlington-Alexandria, DC-VA-MD-WV
- Rentable area
- 74,729 sq ft
- Built
- 1985, renovated 2016
- Largest tenants
- Bridges System Integration LLC; Women Giving Back; Mil-Tek Mid-Atlantic Recycling & w
- Value at securitization
- $8.7M (Mar 2018)
Performance
| At securitization | Latest (Dec 2025) | |
|---|---|---|
| DSCR (NOI) | 1.61x | 0.71x |
| Occupancy | 100% | 100% |
| Net operating income | $547K | $240K |
| Debt yield | 4.8% |
Debt yield here is the latest NOI divided by the balance held in the trusts below. If part of the loan sits outside them, the true figure is lower.
Watch flags
Computed from the JPMDB Commercial Mortgage Securities Trust 2018-C8 filing for the reporting period ending September 11, 2026, filed with the SEC September 28, 2026.
- Coverage below 1.00x
- Coverage down 0.25x or more from securitization
- NOI down 20% or more from securitization
On the cmbs.news watch list in all 12 monthly reports we hold (October 2025 to September 2026).
cmbs.news's own rule-based labels on the filed fields (definitions), not a credit rating, a prediction or a view of the borrower.
What the filing shows
- Net operating income is 56% below the underwritten figure ($240K a year against $547K).
- Debt service coverage moved from 1.61x at securitization to 0.71x on the latest statements.
- At 0.71x, the property's reported NOI does not cover its debt service.
The last 12 monthly reports
| Report month | Balance | Payment status | Special servicer | DSCR | Occupancy |
|---|---|---|---|---|---|
| September 2026 | $5.0M | Current | No | 0.71x | 100% |
| August 2026 | $5.0M | Current | No | 0.71x | 100% |
| July 2026 | $5.0M | Current | No | 0.71x | 100% |
| June 2026 | $5.0M | Current | No | 0.71x | 100% |
| May 2026 | $5.0M | Current | No | 0.71x | 100% |
| April 2026 | $5.0M | Current | No | 0.51x | 100% |
| March 2026 | $5.0M | Current | No | 0.51x | 100% |
| February 2026 | $5.0M | Current | No | 0.51x | 100% |
| January 2026 | $5.0M | Current | No | 0.51x | 100% |
| December 2025 | $5.1M | Current | No | 0.49x | 100% |
| November 2025 | $5.1M | Current | No | 0.49x | 100% |
| October 2025 | $5.1M | Current | No | 0.49x | 100% |
From each trust's ABS-EE filing for that month. Coverage and occupancy change only when the servicer reports new statements. If one trust holding a piece of the loan skipped a month, that month's balance reads low.
Where the loan sits
One trust holds this loan in the data.
| Trust | Loan no. | Balance | Report period | Source |
|---|---|---|---|---|
| JPMDB Commercial Mortgage Securities Trust 2018-C8 | 38 | $4,993,286 | Sep 2026 | SEC filing, September 28, 2026 |
Other Washington-Arlington-Alexandria loans due in 2028
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| Tysons Corner Center | McLean, VA | Retail | $269.8M | 6.601% | Dec 2028 | 1.93x | 86% | Current |
| One Dulles Tower | Herndon, VA | Office | $152.0M | 3.986% | Mar 2028 | 2.32x | 100% | Current |
| Village at Leesburg | Leesburg, VA | Retail | $124.3M | 4.758% | Apr 2028 | 1.19x | 96% | Current |
| Extra Space Washington | Washington, DC | Self storage | $105.0M | 4.532% | Mar 2028 | n/a | n/a | Current |
| Sentinel Square II | Washington, DC | Office | $104.0M | 6.05% | Dec 2028 | 1.18x | 94% | Current |
| Braddock Metro Center | Alexandria, VA | Office | $71.6M | 4.57% | Feb 2028 | 1.01x | 81% | With the special servicer and 90+ days delinquent |
| Ellsworth Place | Silver Spring, MD | Retail | $64.5M | 5.01% | Aug 2028 | 1.31x | 91% | With the special servicer and 90+ days delinquent |
| South Lake at Dulles | Herndon, VA | Office | $60.5M | 6.058% | Mar 2028 | 2.36x | 100% | Current |
All loans maturing in 2028 · All Washington-Arlington-Alexandria loans
Source: each trust's ABS-EE asset-data exhibit (Regulation AB Schedule AL) on SEC EDGAR, reporting period ending September 11, 2026. Servicers report these figures; cmbs.news does not audit them. How this page is built.