Office · Tacoma, Washington
1305 Tacoma
1305 Tacoma is financed with a $8.7M CMBS loan at 4.38% that reaches maturity on May 11, 2029, in 2 years and 6 months. As of the Sep 2026 servicer report, the latest filed for this loan, its status is current.
The loan
- Balance in tracked trusts
- $8,715,000
- Original balance (same notes)
- $8,715,000
- Interest rate
- 4.38% fixed
- Originated
- May 9, 2019
- Maturity
- May 11, 2029
- Payments
- Interest only for the full term
- Prepayment lockout ends
- February 10, 2029
- Master servicer
- Trimont LLC
- Originator
- Wells Fargo Bank, National Association
Status
- Payment status
- Current (code 0)
- Special servicing
- No transfer reported
- Defeasance
- None reported
The property
- Address
- 1305, 1301-1313 Tacoma Avenue South, Tacoma, WA 98402
- Metro
- Seattle-Tacoma-Bellevue, WA
- Rentable area
- 113,891 sq ft
- Built
- 1960, renovated 2019
- Largest tenants
- Department of Social Services; Dungarvin Washington Supported Living; Department of Corrections
- Value at securitization
- $13.5M (Feb 2019)
Performance
| At securitization | Latest (Jun 2026) | |
|---|---|---|
| DSCR (NOI) | 3.29x | 3.51x |
| Occupancy | 91% | 46% |
| Net operating income (annualized from 6 months) | $1.3M | $1.4M |
| Debt yield | 15.7% |
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 Wells Fargo Commercial Mortgage Trust 2019-C52 filing for the reporting period ending September 11, 2026, filed with the SEC September 29, 2026.
- Occupancy down 10 points or more from securitization
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
- Occupancy has fallen from 91% when the loan was securitized to 46%.
- Net operating income is 7% above the underwritten figure ($1.4M a year against $1.3M; the latest statement covers 6 months, annualized).
- Debt service coverage moved from 3.29x at securitization to 3.51x on the latest statements.
The last 12 monthly reports
| Report month | Balance | Payment status | Special servicer | DSCR | Occupancy |
|---|---|---|---|---|---|
| September 2026 | $8.7M | Current | No | 3.51x | 46% |
| August 2026 | $8.7M | Current | No | 0.74x | 48% |
| July 2026 | $8.7M | Current | No | 0.74x | 48% |
| June 2026 | $8.7M | Current | No | 0.74x | 48% |
| May 2026 | $8.7M | Current | No | 0.74x | 48% |
| April 2026 | $8.7M | Current | No | 1.40x | 46% |
| March 2026 | $8.7M | Current | No | 1.40x | 46% |
| February 2026 | $8.7M | Current | No | 1.40x | 46% |
| January 2026 | $8.7M | Current | No | 1.01x | 40% |
| December 2025 | $8.7M | Current | No | 1.01x | 40% |
| November 2025 | $8.7M | Current | No | 0.63x | 46% |
| October 2025 | $8.7M | Current | No | 0.63x | 46% |
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 |
|---|---|---|---|---|
| Wells Fargo Commercial Mortgage Trust 2019-C52 | 33 | $8,715,000 | Sep 2026 | SEC filing, September 29, 2026 |
Other Seattle-Tacoma-Bellevue loans due in 2029
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| Newport Corporate Center | Bellevue, WA | Office | $164.0M | 3.543% | May 2029 | 5.70x | 100% | Current |
| Summit 1, 2, 3 | Bellevue, WA | Office | $155.0M | 2.952% | Feb 2029 | n/a | n/a | Current |
| Sunset North | Bellevue, WA | Office | $150.0M | 3.25% | Oct 2029 | 1.96x | 66% | Current |
| 4th & Battery | Seattle, WA | Office | $135.0M | 4.378% | Jun 2029 | n/a | n/a | With the special servicer and 90+ days delinquent |
| Millennium Corporate Park | Redmond, WA | Office | $131.0M | 3.032% | Jan 2029 | 3.62x | 89% | Current |
| 90 North Campus | Bellevue, WA | Office | $80.0M | 3.732% | Dec 2029 | 2.97x | 100% | Current |
| University Village, Seattle | Seattle, WA | Retail | $75.0M | 3.30% | Dec 2029 | 2.52x | 95% | Current |
| The Summit, Bellevue | Bellevue, WA | Office | $65.0M | 2.952% | Feb 2029 | n/a | n/a | Current |
All loans maturing in 2029 · All Seattle-Tacoma-Bellevue 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.