Retail · Phoenix, Arizona
32nd Street Retail
32nd Street Retail is financed with a $4.0M CMBS loan at 4.84% that reaches maturity on April 11, 2027, in 5 months. As of the Sep 2026 servicer report, the latest filed for this loan, its status is current.
The loan
- Balance in tracked trusts
- $3,960,000
- Original balance (same notes)
- $3,960,000
- Interest rate
- 4.84% fixed
- Originated
- April 6, 2017
- Maturity
- April 11, 2027
- Payments
- Interest only for the full term
- Prepayment lockout ends
- January 10, 2027
- 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
- 3165 East Lincoln Drive, Phoenix, AZ 85016
- Metro
- Phoenix-Mesa-Chandler, AZ
- Rentable area
- 13,868 sq ft
- Built
- 1982, renovated 2012
- Largest tenants
- Squaw Peak Animal Hospital; Soderstrom veternity surgery; Starbuck's Coffee
- Value at securitization
- $7.3M (Feb 2019)
Performance
| At securitization | Latest (Dec 2023) | |
|---|---|---|
| DSCR (NOI) | 2.31x | 1.99x |
| Occupancy | 100% | 100% |
| Net operating income | $450K | $387K |
| Debt yield | 9.8% |
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 BANK 2018-BNK13 filing for the reporting period ending September 11, 2026, filed with the SEC September 29, 2026.
- Coverage down 0.25x or more from securitization
- Matures within 12 months
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 14% below the underwritten figure ($387K a year against $450K).
- Debt service coverage moved from 2.31x at securitization to 1.99x on the latest statements.
The last 12 monthly reports
| Report month | Balance | Payment status | Special servicer | DSCR | Occupancy |
|---|---|---|---|---|---|
| September 2026 | $4.0M | Current | No | 1.99x | 100% |
| August 2026 | $4.0M | Current | No | 1.99x | 100% |
| July 2026 | $4.0M | Current | No | 1.99x | 100% |
| June 2026 | $4.0M | Current | No | 1.99x | 100% |
| May 2026 | $4.0M | Current | No | 1.99x | 100% |
| April 2026 | $4.0M | Current | No | 1.99x | 100% |
| March 2026 | $4.0M | Current | No | 1.99x | 100% |
| February 2026 | $4.0M | Current | No | 1.99x | 100% |
| January 2026 | $4.0M | Current | No | 1.99x | 100% |
| December 2025 | $4.0M | Current | No | 1.99x | 100% |
| November 2025 | $4.0M | Current | No | 1.99x | 100% |
| October 2025 | $4.0M | Current | No | 1.99x | 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 |
|---|---|---|---|---|
| BANK 2018-BNK13 | 35 | $3,960,000 | Sep 2026 | SEC filing, September 29, 2026 |
Other Phoenix-Mesa-Chandler loans due in 2027
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| Northern Trust Office | Tempe, AZ | Office | $40.4M | 3.56% | Oct 2027 | 2.59x | 100% | Current |
| Gateway Crossing | Avondale, AZ | Retail | $30.7M | 4.73% | Mar 2027 | 1.19x | 99% | Current |
| Spectrum Town Center | Gilbert, AZ | Retail | $28.1M | 4.387% | Nov 2027 | 1.98x | 98% | Current |
| Metro Towne Center | Phoenix, AZ | Retail | $18.4M | 4.12% | Sep 2027 | 2.42x | 93% | Current |
| Heritage Marketplace | Gilbert, AZ | Retail | $14.5M | 4.659% | Nov 2027 | 1.48x | 94% | Current |
| Thunderbird Beltway | Peoria, AZ | Retail | $11.2M | 4.59% | May 2027 | 1.93x | 95% | Current |
| Kohls - Scottsdale | Scottsdale, AZ | Retail | $11.1M | 4.46% | May 2027 | 1.60x | 100% | Current |
| Paseo Lindo | Chandler, AZ | Retail | $9.1M | 4.23% | Oct 2027 | 5.45x | 100% | Current |
All loans maturing in 2027 · All Phoenix-Mesa-Chandler 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.