Office · Laguna Hills, California
Alicia Office Park
Alicia Office Park is financed with a $10.0M CMBS loan at 4.807% that reaches maturity on December 6, 2026, in 1 month. As of the Sep 2026 servicer report, the latest filed for this loan, its status is current.
The loan
- Balance in tracked trusts
- $10,035,896
- Original balance (same notes)
- $12,200,000
- Interest rate
- 4.807% fixed
- Originated
- November 10, 2016
- Maturity
- December 6, 2026
- Payments
- Amortizing over 30 years
- Prepayment lockout ended
- August 5, 2026
- Master servicer
- Trimont LLC
- Originator
- SMC
Status
- Payment status
- Current (code 0)
- Special servicing
- No transfer reported
- Defeasance
- None reported
The property
- Address
- 25201, 25231, 25241 Paseo De Alicia, Laguna Hills, CA 92653
- Metro
- Los Angeles-Long Beach-Anaheim, CA
- Rentable area
- 87,566 sq ft
- Built
- 1979, renovated 2007
- Largest tenants
- Paragon Forensics LLC; Autism Learning Partners LLC; Eide Bailly LLP
- Value at securitization
- $19.0M (Oct 2016)
Performance
| At securitization | Latest (Mar 2026) | |
|---|---|---|
| DSCR (NOI) | 1.56x | 1.49x |
| Occupancy | 98% | 88% |
| Net operating income (annualized from 3 months) | $1.2M | $1.2M |
| Debt yield | 11.6% |
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 Morgan Stanley Bank of America Merrill Lynch Trust 2016-C32 filing for the reporting period ending September 11, 2026, filed with the SEC September 29, 2026.
- 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
- Occupancy has fallen from 98% when the loan was securitized to 88%.
The last 12 monthly reports
| Report month | Balance | Payment status | Special servicer | DSCR | Occupancy |
|---|---|---|---|---|---|
| September 2026 | $10.0M | Current | No | 1.49x | 88% |
| August 2026 | $10.1M | Current | No | 1.49x | 88% |
| July 2026 | $10.1M | Current | No | 1.49x | 88% |
| June 2026 | $10.1M | Current | No | 1.49x | 88% |
| May 2026 | $10.1M | Current | No | 1.38x | 88% |
| April 2026 | $10.1M | Current | No | 1.38x | 88% |
| March 2026 | $10.2M | Current | No | 1.29x | 85% |
| February 2026 | $10.2M | Current | No | 1.29x | 85% |
| January 2026 | $10.2M | Current | No | 1.29x | 85% |
| December 2025 | $10.2M | Current | No | 1.29x | 85% |
| November 2025 | $10.3M | Current | No | 1.29x | 85% |
| October 2025 | $10.3M | Current | No | 1.29x | 85% |
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 |
|---|---|---|---|---|
| Morgan Stanley Bank of America Merrill Lynch Trust 2016-C32 | 24 | $10,035,896 | Sep 2026 | SEC filing, September 29, 2026 |
Other Los Angeles-Long Beach-Anaheim loans due in 2026
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| Center West | Los Angeles, CA | Office | $80.0M | 4.435% | Dec 2026 | 0.78x | 35% | Current |
| Platform | Culver City, CA | Mixed use | $37.0M | 5.143% | Dec 2026 | 2.35x | 95% | Current |
| Sixty Hotel Beverly Hills | Beverly Hills, CA | Hotel | $37.0M | 6.00% | Aug 2026 | 1.47x | 74% | With the special servicer |
| Calabasas Tech Center | Calabasas, CA | Office | $33.0M | 4.858% | Dec 2026 | 1.63x | 68% | Current |
| Courtyard Century City | Los Angeles, CA | Hotel | $32.9M | 4.25% | Nov 2026 | 2.22x | 78% | Current |
| 925 N La Brea Avenue | Los Angeles, CA | Mixed use | $26.8M | 4.19% | Oct 2026 | 0.67x | 71% | Current |
| Golden Cove Shopping Center | Rancho Palos Verdes, CA | Mixed use | $23.1M | 4.78% | Dec 2026 | 1.40x | 97% | Current |
| 431 Ocean Front Walk | Los Angeles, CA | Mixed use | $16.0M | 4.971% | Dec 2026 | n/a | n/a | Current |
All loans maturing in 2026 · All Los Angeles-Long Beach-Anaheim 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.