Mixed use · Rio Rico, Arizona
Allsafe Ss & Retail
Allsafe Ss & Retail is financed with a $2.1M CMBS loan at 5.47% that reaches maturity on July 11, 2028, in 20 months. As of the Sep 2026 servicer report, the latest filed for this loan, its status is current.
The loan
- Balance in tracked trusts
- $2,072,396
- Original balance (same notes)
- $2,325,000
- Interest rate
- 5.47% fixed
- Originated
- June 26, 2018
- Maturity
- July 11, 2028
- Payments
- Interest only for 12 months, then amortizing
- Prepayment lockout ends
- May 10, 2028
- Master servicer
- Trimont LLC
- Originator
- C-III Commercial Mortgage LLC
Status
- Payment status
- Current (code 0)
- Special servicing
- No transfer reported
- Defeasance
- None reported
The property
- Address
- 1279 West Frontage Road, Rio Rico, AZ 85648
- Rentable area
- 56,542 sq ft
- Built
- 2005
- Largest tenants
- RODRIGO VALENZUELA (DBA TAEKWONDO ACADEMY); GILBERTO JAYASSI; JONI CLARKE AND MANUEL ORTIZ (DBA MANNYS COWBOY BURGER)
- Value at securitization
- $3.3M (May 2018)
Performance
| At securitization | Latest (Jun 2026) | |
|---|---|---|
| DSCR (NOI) | 1.50x | 3.22x |
| Occupancy | 98% | 71% |
| Net operating income (annualized from 6 months) | $237K | $512K |
| Debt yield | 24.7% |
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 Wells Fargo Commercial Mortgage Trust 2018-C47 filing for the reporting period ending September 11, 2026, filed with the SEC September 29, 2026.
- Occupancy down 10 points or more from securitization
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 71%.
- Net operating income is 116% above the underwritten figure ($512K a year against $237K; the latest statement covers 6 months, annualized).
- Debt service coverage moved from 1.50x at securitization to 3.22x on the latest statements.
- The filing gives Mar 2019 as the lease end date for the largest tenant (RODRIGO VALENZUELA (DBA TAEKWONDO ACADEMY)), 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 | $2.1M | Current | No | 3.22x | 71% |
| August 2026 | $2.1M | Current | No | 3.22x | 68% |
| July 2026 | $2.1M | Current | No | 3.22x | 68% |
| June 2026 | $2.1M | Current | No | 3.22x | 68% |
| May 2026 | $2.1M | Current | No | 3.22x | 68% |
| April 2026 | $2.1M | Current | No | 3.17x | 69% |
| March 2026 | $2.1M | Current | No | 3.18x | 69% |
| February 2026 | $2.1M | Current | No | 3.18x | 69% |
| January 2026 | $2.1M | Current | No | 3.18x | 69% |
| December 2025 | $2.1M | Current | No | 3.18x | 69% |
| November 2025 | $2.1M | Current | No | 3.16x | 70% |
| October 2025 | $2.1M | Current | No | 3.16x | 70% |
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 |
|---|---|---|---|---|
| Wells Fargo Commercial Mortgage Trust 2018-C47 | 68 | $2,072,396 | Sep 2026 | SEC filing, September 29, 2026 |
Other Arizona loans due in 2028
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| Marina Heights State Farm | Tempe, AZ | Office | $210.0M | 3.56% | Jan 2028 | 2.93x | 100% | Current |
| Scottsdale Fashion Square | Scottsdale, AZ | Retail | $200.0M | 6.214% | Mar 2028 | 2.08x | n/a | Current |
| Liberty Portfolio | AZ | Office | $90.7M | 4.755% | Oct 2028 | 1.75x | 97% | Current |
| Marina Heights | Tempe, AZ | Office | $86.0M | 3.56% | Jan 2028 | 2.99x | 100% | Current |
| PetSmart HQ | Phoenix, AZ | Office | $68.0M | 4.28% | Apr 2028 | 2.28x | 100% | Current |
| Park West Shopping Center | Peoria, AZ | Retail | $58.6M | 7.25% | Jun 2028 | 1.66x | 88% | Current |
| Phoenix Marriott Tempe at the Buttes | Tempe, AZ | Hotel | $56.9M | 5.11% | Oct 2028 | 3.29x | 77% | Current |
| Liberty Center at Rio Salado | Tempe, AZ | Office | $50.0M | 4.755% | Oct 2028 | n/a | n/a | Current |
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.