Retail · San Jose, California
1025-1075 Brokaw Road
1025-1075 Brokaw Road is financed with a $32.5M CMBS loan at 3.481% that reaches maturity on December 6, 2029, in 3 years and 1 month. As of the Sep 2026 servicer report, the latest filed for this loan, its status is current.
The loan
- Balance in tracked trusts
- $32,500,000
- Original balance (same notes)
- $32,500,000
- Interest rate
- 3.481% fixed
- Originated
- November 27, 2019
- Maturity
- December 6, 2029
- Payments
- Interest only for the full term
- Prepayment lockout ends
- June 5, 2029
- Master servicer
- Midland Loan Services
- Originator
- Goldman Sachs Bank USA
Status
- Payment status
- Current (code 0)
- Special servicing
- No transfer reported
- Defeasance
- None reported
The property
- Address
- 1025-1075 Brokaw Road, San Jose, CA 95131
- Metro
- San Jose-Sunnyvale-Santa Clara, CA
- Rentable area
- 96,299 sq ft
- Built
- 2012
- Largest tenants
- LA Fitness; AAA/AAA-NCNU; Sherwin Williams
- Value at securitization
- $63.7M (Oct 2019)
Performance
| At securitization | Latest (Jun 2026) | |
|---|---|---|
| DSCR (NOI) | 2.68x | 3.03x |
| Occupancy | 100% | 100% |
| Net operating income (annualized from 6 months) | $3.1M | $7.0M |
| Debt yield | 21.6% |
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 CITIGROUP COMMERCIAL MORTGAGE TRUST 2020-GC46 filing for the reporting period ending September 11, 2026, filed with the SEC September 30, 2026.
None this month. No flag in the cmbs.news screen applies to this loan.
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 128% above the underwritten figure ($7.0M a year against $3.1M; the latest statement covers 6 months, annualized).
- Debt service coverage moved from 2.68x at securitization to 3.03x on the latest statements.
- The filing gives Mar 2028 as the lease end date for the largest tenant (LA Fitness), before the loan matures. Lenders look hard at that rollover.
The last 12 monthly reports
| Report month | Balance | Payment status | Special servicer | DSCR | Occupancy |
|---|---|---|---|---|---|
| September 2026 | $32.5M | Current | No | 3.03x | 100% |
| August 2026 | $32.5M | Current | No | n/a | n/a |
| July 2026 | $32.5M | Current | No | n/a | n/a |
| June 2026 | $32.5M | Current | No | n/a | n/a |
| May 2026 | $32.5M | Current | No | n/a | n/a |
| April 2026 | $32.5M | Current | No | 3.25x | 100% |
| March 2026 | $32.5M | Current | No | 3.25x | 100% |
| February 2026 | $32.5M | Current | No | 3.25x | 100% |
| January 2026 | $32.5M | Current | No | 3.18x | 100% |
| December 2025 | $32.5M | Current | No | 3.18x | 100% |
| November 2025 | $32.5M | Current | No | 3.18x | 100% |
| October 2025 | $32.5M | Current | No | 3.05x | 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 |
|---|---|---|---|---|
| CITIGROUP COMMERCIAL MORTGAGE TRUST 2020-GC46 | 12 | $32,500,000 | Sep 2026 | SEC filing, September 30, 2026 |
Other San Jose-Sunnyvale-Santa Clara loans due in 2029
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| Moffett Towers II | Sunnyvale, CA | Office | $180.3M | 3.764% | Jul 2029 | n/a | n/a | Current |
| Moffett Towers II Building V | Sunnyvale, CA | Office | $170.0M | 4.026% | Apr 2029 | 3.24x | 100% | Current |
| Moffett Towers Building D | Sunnyvale, CA | Office | $145.0M | 6.96% | Aug 2029 | 1.73x | 100% | Current |
| Western Digital Milpitas Campus | Milpitas, CA | Industrial | $126.0M | 6.844% | Feb 2029 | 1.83x | 100% | Current |
| Moffett Towers II - Buildings 3 & 4 | Sunnyvale, CA | Office | $114.8M | 3.764% | Jul 2029 | 2.32x | 100% | Current |
| 899 West Evelyn | Mountain View, CA | Office | $75.0M | 3.236% | Nov 2029 | 3.51x | 100% | Current |
| 600 & 620 National Avenue | Mountain View, CA | Office | $69.0M | 3.688% | Sep 2029 | 2.08x | 100% | Current |
| 620 National | Mountain View, CA | Office | $69.0M | 3.688% | Sep 2029 | 2.08x | 100% | Current |
All loans maturing in 2029 · All San Jose-Sunnyvale-Santa Clara 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.