Office · Warrensville Heights, Ohio
25e Office Building
25e Office Building is financed with a $10.4M CMBS loan at 4.00% that reaches maturity on October 6, 2029, in 2 years and 11 months. As of the Sep 2026 servicer report, the latest filed for this loan, its status is current.
The loan
- Balance in tracked trusts
- $10,435,135
- Original balance (same notes)
- $11,250,000
- Interest rate
- 4.00% fixed
- Originated
- September 18, 2019
- Maturity
- October 6, 2029
- Payments
- Interest only for 36 months, then amortizing
- Prepayment lockout ends
- July 5, 2029
- Master servicer
- Trimont LLC
- Originator
- Goldman Sachs Bank USA
Status
- Payment status
- Current (code 0)
- Special servicing
- No transfer reported
- Defeasance
- None reported
The property
- Address
- 25001 Emery Road, Warrensville Heights, OH 44128
- Metro
- Cleveland, OH
- Rentable area
- 77,094 sq ft
- Built
- 2004
- Largest tenants
- Onyx Creative Inc.; Receivables Outsourcing LLC; UH Hospitals Health Syst Inc.
- Value at securitization
- $16.9M (Aug 2019)
Performance
| At securitization | Latest (Mar 2026) | |
|---|---|---|
| DSCR (NOI) | 2.29x | 0.71x |
| Occupancy | 92% | 78% |
| Net operating income (annualized from 3 months) | $1.0M | $463K |
| Debt yield | 4.4% |
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 2019-GC43 filing for the reporting period ending September 8, 2026, filed with the SEC September 25, 2026.
- Coverage below 1.00x
- Coverage down 0.25x or more from securitization
- Occupancy down 10 points or more from securitization
- NOI down 20% or more from securitization
On the cmbs.news watch list in every report since July 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
- Occupancy has fallen from 92% when the loan was securitized to 78%.
- Net operating income is 56% below the underwritten figure ($463K a year against $1.0M; the latest statement covers 3 months, annualized).
- Debt service coverage moved from 2.29x 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 | $10.4M | Current | No | 0.71x | 78% |
| August 2026 | $10.5M | Current | No | 0.71x | 78% |
| July 2026 | $10.5M | Current | No | 0.71x | 78% |
| June 2026 | $10.5M | Current | No | 1.15x | 78% |
| May 2026 | $10.5M | Current | No | 1.19x | 78% |
| April 2026 | $10.5M | Current | No | 1.19x | 78% |
| March 2026 | $10.5M | Current | No | 1.19x | 78% |
| February 2026 | $10.6M | Current | No | 1.20x | 78% |
| January 2026 | $10.6M | Late payment but less than 30 days delinquent | No | 1.20x | 78% |
| December 2025 | $10.6M | Current | No | 1.20x | 78% |
| November 2025 | $10.6M | Current | No | 1.20x | 78% |
| October 2025 | $10.6M | Current | No | 1.48x | 80% |
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 2019-GC43 | 24 | $10,435,135 | Sep 2026 | SEC filing, September 25, 2026 |
Other Cleveland loans due in 2029
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| 16625 Granite Road | Maple Heights, OH | Office | $82.8M | 3.78% | Aug 2029 | n/a | n/a | Current |
| Van Aken District | Shaker Heights, OH | Mixed use | $53.5M | 3.60% | Dec 2029 | 1.74x | 84% | Current |
| Euclid Apartments | Euclid, OH | Multifamily | $53.0M | 7.06% | Feb 2029 | n/a | n/a | With the special servicer and 90+ days delinquent |
| Welleon | Cleveland, OH | Multifamily | $44.6M | 6.23% | Dec 2029 | 1.19x | 94% | Current |
| Us Bank Centre | Cleveland, OH | Office | $31.5M | 5.044% | Jan 2029 | 0.94x | 74% | With the special servicer and 90+ days delinquent |
| Solon Park Apartments | Solon, OH | Multifamily | $28.0M | 6.67% | Jul 2029 | 1.29x | 90% | Current |
| Fifth Third Center | Cleveland, OH | Office | $27.5M | 7.257% | Dec 2029 | 3.00x | 74% | Current |
| Center North | Lakewood, OH | Multifamily | $24.7M | 4.80% | Jun 2029 | 1.21x | 98% | Current |
Source: each trust's ABS-EE asset-data exhibit (Regulation AB Schedule AL) on SEC EDGAR, reporting period ending September 8, 2026. Servicers report these figures; cmbs.news does not audit them. How this page is built.