Retail · Leesburg, Virginia
Autozone Center
Autozone Center is financed with a $11.3M CMBS loan at 7.15% that reaches maturity on June 1, 2033, in 6 years and 7 months. As of the Sep 2026 servicer report, the latest filed for this loan, its status is current.
The loan
- Balance in tracked trusts
- $11,300,000
- Original balance (same notes)
- $11,300,000
- Interest rate
- 7.15% fixed
- Originated
- May 4, 2023
- Maturity
- June 1, 2033
- Payments
- Interest only for the full term
- Prepayment lockout ends
- January 31, 2033
- Master servicer
- Trimont LLC
- Originator
- MSBNA
Status
- Payment status
- Current (code 0)
- Special servicing
- No transfer reported
- Defeasance
- None reported
The property
- Address
- 701 East Market Street, Leesburg, VA 20176
- Metro
- Washington-Arlington-Alexandria, DC-VA-MD-WV
- Rentable area
- 65,982 sq ft
- Built
- 1987
- Largest tenants
- THE GOOD SHEPHERD HOME; Aurora Seafood & Grill Buffett Aurora of LSB Inc; Auto Zone
- Value at securitization
- $20.4M (Mar 2023)
Performance
| At securitization | Latest (Jun 2026) | |
|---|---|---|
| DSCR (NOI) | 1.65x | 1.85x |
| Occupancy | 85% | 97% |
| Net operating income (annualized from 6 months) | $1.4M | $1.5M |
| Debt yield | 13.5% |
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 MSWF Commercial Mortgage Trust 2023-1 filing for the reporting period ending September 11, 2026, filed with the SEC October 2, 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
- Occupancy has risen from 85% when the loan was securitized to 97%.
- Net operating income is 13% above the underwritten figure ($1.5M a year against $1.4M; the latest statement covers 6 months, annualized).
- Debt service coverage moved from 1.65x at securitization to 1.85x on the latest statements.
- The filing gives Oct 2032 as the lease end date for the largest tenant (THE GOOD SHEPHERD HOME), 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 | $11.3M | Current | No | 1.85x | 97% |
| August 2026 | $11.3M | Current | No | 1.85x | 97% |
| July 2026 | $11.3M | Current | No | 1.87x | 97% |
| June 2026 | $11.3M | Current | No | 1.87x | 97% |
| May 2026 | $11.3M | Current | No | 1.87x | 97% |
| April 2026 | $11.3M | Current | No | 1.75x | 97% |
| March 2026 | $11.3M | Current | No | 1.75x | 97% |
| February 2026 | $11.3M | Current | No | 1.75x | 97% |
| January 2026 | $11.3M | Current | No | 1.78x | 97% |
| December 2025 | $11.3M | Current | No | 1.78x | 97% |
| November 2025 | $11.3M | Current | No | 1.74x | 100% |
| October 2025 | $11.3M | Current | No | 1.74x | 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 |
|---|---|---|---|---|
| MSWF Commercial Mortgage Trust 2023-1 | 23 | $11,300,000 | Sep 2026 | SEC filing, October 2, 2026 |
Other Washington-Arlington-Alexandria loans due in 2033
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| Ashburn Data Center | Ashburn, VA | Office | $60.0M | 5.95% | Jun 2033 | 2.49x | 99% | Current |
| Largo Town Center | Largo, MD | Retail | $45.5M | 6.651% | Aug 2033 | 1.33x | 94% | Current |
| Midtown Center | Washington, DC | Office | $32.5M | 3.085% | Sep 2033 | n/a | n/a | Current |
| 3300 75th Avenue | Landover, MD | Industrial | $30.7M | 7.21% | Jun 2033 | n/a | n/a | Current |
| Doubletree Hotel Largo | Upper Marlboro, MD | Hotel | $14.4M | 8.063% | Nov 2033 | 1.80x | 64% | Current |
| Lorton Station Medical Center - Va | Lorton, VA | Office | $13.5M | 7.596% | Jul 2033 | 1.52x | 100% | Current |
| Downtown Frederick | Frederick, MD | Mixed use | $7.9M | 6.72% | Apr 2033 | 1.77x | 98% | Current |
| Mini U Storage - Springfield | Springfield, VA | Self storage | $7.0M | 6.60% | May 2033 | 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.