Industrial · San Jose, California
5850 Hellyer Avenue
5850 Hellyer Avenue is financed with a $13.4M CMBS loan at 5.07% that reaches maturity on February 11, 2029, in 2 years and 3 months. As of the Sep 2026 servicer report, the latest filed for this loan, its status is current.
The loan
- Balance in tracked trusts
- $13,416,327
- Original balance (same notes)
- $14,700,000
- Interest rate
- 5.07% fixed
- Originated
- February 7, 2019
- Maturity
- February 11, 2029
- Payments
- Interest only for 24 months, then amortizing
- Prepayment lockout ended
- May 10, 2021
- Prepayment premium ends
- August 10, 2028 (yield maintenance)
- 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
- 5850 Hellyer Avenue, San Jose, CA 95138
- Metro
- San Jose-Sunnyvale-Santa Clara, CA
- Rentable area
- 109,718 sq ft
- Built
- 1999, renovated 2019
- Largest tenants
- Sakuu (formerly Keracel); CTT Inc.; Ferrotec (USA) Corporation
- Value at securitization
- $20.0M (Dec 2018)
Performance
| At securitization | Latest (Jun 2026) | |
|---|---|---|
| DSCR (NOI) | 1.57x | 0.52x |
| Occupancy | 100% | 85% |
| Net operating income (annualized from 6 months) | $1.5M | $505K |
| Debt yield | 3.8% |
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 2019-BNK17 filing for the reporting period ending September 11, 2026, filed with the SEC October 1, 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 August 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 100% when the loan was securitized to 85%.
- Net operating income is 66% below the underwritten figure ($505K a year against $1.5M; the latest statement covers 6 months, annualized).
- Debt service coverage moved from 1.57x at securitization to 0.52x on the latest statements.
- At 0.52x, the property's reported NOI does not cover its debt service.
- The filing gives Jun 2028 as the lease end date for the largest tenant (Sakuu (formerly Keracel)), 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 | $13.4M | Current | No | 0.52x | 85% |
| August 2026 | $13.4M | Current | No | 0.52x | 85% |
| July 2026 | $13.5M | Current | No | 1.42x | 100% |
| June 2026 | $13.5M | Current | No | 1.42x | 100% |
| May 2026 | $13.5M | Current | No | 1.42x | 100% |
| April 2026 | $13.5M | Current | No | 1.42x | 100% |
| March 2026 | $13.5M | Current | No | 1.42x | 100% |
| February 2026 | $13.6M | Current | No | 1.42x | 100% |
| January 2026 | $13.6M | Current | No | 1.45x | 100% |
| December 2025 | $13.6M | Current | No | 1.45x | 100% |
| November 2025 | $13.6M | Current | No | 1.45x | 100% |
| October 2025 | $13.7M | Current | No | 1.30x | 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 2019-BNK17 | 18 | $13,416,327 | Sep 2026 | SEC filing, October 1, 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.