Industrial · East Cocalico Township, Pennsylvania
Albertsons Industrial - Pa
Public CMBS trusts hold $76.7M of the loan on Albertsons Industrial - Pa at 5.04% that reaches maturity on January 6, 2029, in 2 years and 2 months. As of the Oct 2026 servicer report its status is current.
The loan
- Balance in tracked trusts
- $76,732,500
- Original balance (same notes)
- $76,732,500
- Interest rate
- 5.04% fixed
- Originated
- January 2, 2019
- Maturity
- January 6, 2029
- Payments
- Interest only for the full term
- Prepayment lockout ended
- January 5, 2020
- Prepayment premium ends
- October 5, 2028 (yield maintenance)
- Master servicer
- Midland Loan Services
- Originator
- Goldman Sachs Mortgage Company
Status
- Payment status
- Current (code 0)
- Special servicing
- No transfer reported
- Defeasance
- Partly defeased
The property
- Address
- 500 Muddy Creek Road, East Cocalico Township, PA 17517
- Metro
- Lancaster, PA
- Rentable area
- 1,539,407 sq ft
- Built
- 1999, renovated 2018
- Largest tenants
- New Albertsons LP
- Value at securitization
- $117.0M (Nov 2018)
Performance
| At securitization | Latest (Jun 2026) | |
|---|---|---|
| DSCR (NOI) | 1.77x | 2.10x |
| Occupancy | 100% | 100% |
| Net operating income (annualized from 6 months) | $6.9M | $16.6M |
| 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 GS Mortgage Securities Trust 2019-GC38 filing for the reporting period ending October 6, 2026, filed with the SEC October 22, 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 139% above the underwritten figure ($16.6M a year against $6.9M; the latest statement covers 6 months, annualized).
- Debt service coverage moved from 1.77x at securitization to 2.10x on the latest statements.
The last 12 monthly reports
| Report month | Balance | Payment status | Special servicer | DSCR | Occupancy |
|---|---|---|---|---|---|
| October 2026 | $76.7M | Current | No | 2.10x | 100% |
| September 2026 | $76.7M | Current | No | 1.70x | 100% |
| August 2026 | $76.7M | Current | No | 1.70x | 100% |
| July 2026 | $76.7M | Current | No | 1.70x | 100% |
| June 2026 | $76.7M | Current | No | 1.70x | 100% |
| May 2026 | $76.7M | Current | No | 1.70x | 100% |
| April 2026 | $76.7M | Current | No | 1.71x | 100% |
| March 2026 | $76.7M | Current | No | 1.71x | 100% |
| February 2026 | $76.7M | Current | No | 1.71x | 100% |
| January 2026 | $76.7M | Current | No | 1.71x | 100% |
| December 2025 | $76.7M | Current | No | 1.71x | 100% |
| November 2025 | $76.7M | Current | No | 1.71x | 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
The loan is split into 2 notes held by different trusts. Each trust reports its own piece.
| Trust | Loan no. | Balance | Report period | Source |
|---|---|---|---|---|
| GS Mortgage Securities Trust 2019-GC39 | 4 | $61,732,500 | Oct 2026 | SEC filing, October 22, 2026 |
| GS Mortgage Securities Trust 2019-GC38 | 19 | $15,000,000 | Oct 2026 | SEC filing, October 22, 2026 |
Source: each trust's ABS-EE asset-data exhibit (Regulation AB Schedule AL) on SEC EDGAR, reporting period ending October 6, 2026. Servicers report these figures; cmbs.news does not audit them. How this page is built.