Retail · Bowie, Maryland
BJ's Wholesale
BJ's Wholesale is financed with a $16.8M CMBS loan at 3.697% that reaches maturity on November 6, 2029, in 3 years. As of the Oct 2026 servicer report its status is current.
The loan
- Balance in tracked trusts
- $16,755,492
- Original balance (same notes)
- $18,525,000
- Interest rate
- 3.697% fixed
- Originated
- October 31, 2019
- Maturity
- November 6, 2029
- Payments
- Interest only for 24 months, then amortizing
- Prepayment lockout ends
- August 5, 2029
- Master servicer
- Midland Loan Services
- Originator
- Goldman Sachs Bank USA
Status
- Payment status
- Current (code 0)
- Special servicing
- No transfer reported
- Defeasance
- None reported
The property
- Address
- 16520 Ballpark Road, Bowie, MD 20716
- Metro
- Washington-Arlington-Alexandria, DC-VA-MD-WV
- Rentable area
- 108,532 sq ft
- Built
- 2002
- Largest tenants
- BJ's Wholesale Club, Inc.
- Value at securitization
- $28.0M (Sep 2019)
Performance
| At securitization | Latest (Jun 2026) | |
|---|---|---|
| DSCR (NOI) | 1.78x | 1.80x |
| Occupancy | 100% | 100% |
| Net operating income (annualized from 6 months) | $1.8M | $3.7M |
| Debt yield | 22.2% |
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 2020-GC45 filing for the reporting period ending October 9, 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 104% above the underwritten figure ($3.7M a year against $1.8M; the latest statement covers 6 months, annualized).
The last 12 monthly reports
| Report month | Balance | Payment status | Special servicer | DSCR | Occupancy |
|---|---|---|---|---|---|
| October 2026 | $16.8M | Current | No | 1.80x | 100% |
| September 2026 | $16.8M | Current | No | 1.80x | 100% |
| August 2026 | $16.8M | Current | No | 1.80x | 100% |
| July 2026 | $16.9M | Current | No | n/a | n/a |
| June 2026 | $16.9M | Current | No | n/a | n/a |
| May 2026 | $16.9M | Current | No | n/a | n/a |
| April 2026 | $16.9M | Current | No | 1.80x | 100% |
| March 2026 | $17.0M | Current | No | 1.80x | 100% |
| February 2026 | $17.0M | Current | No | 1.80x | 100% |
| January 2026 | $17.0M | Current | No | 2.02x | 100% |
| December 2025 | $17.1M | Current | No | 2.02x | 100% |
| November 2025 | $17.1M | Current | No | 2.02x | 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 |
|---|---|---|---|---|
| GS Mortgage Securities Trust 2020-GC45 | 28 | $16,755,492 | Oct 2026 | SEC filing, October 22, 2026 |
Other Washington-Arlington-Alexandria loans due in 2029
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| Parklawn Building | Rockville, MD | Office | $261.6M | 3.398% | Nov 2029 | 2.79x | 73% | Current |
| 1812 North Moore | Arlington, VA | Office | $172.7M | 7.53% | May 2029 | 0.96x | 99% | Late, less than 30 days |
| Uline Arena | Washington, DC | Mixed use | $120.0M | 4.04% | Aug 2029 | 1.68x | 94% | Current |
| 425 Eye Street | Washington, DC | Office | $102.2M | 1.00% | Jan 2029 | 3.57x | 77% | Current |
| 2001 K Street | Washington, DC | Office | $95.0M | 7.388% | May 2029 | 1.43x | 97% | Current |
| Tysons Corner Center - Office Tower | McLean, VA | Office | $95.0M | 3.33% | Oct 2029 | n/a | n/a | Current |
| Potomac Tower | Arlington, VA | Office | $84.0M | 7.60% | Sep 2029 | 1.66x | 100% | Current |
| Powered Shell Portfolio - Manassas DC-18 | Manassas, VA | Industrial | $83.8M | 3.637% | Jul 2029 | n/a | n/a | Current |
All loans maturing in 2029 · All Washington-Arlington-Alexandria loans
Source: each trust's ABS-EE asset-data exhibit (Regulation AB Schedule AL) on SEC EDGAR, reporting period ending October 9, 2026. Servicers report these figures; cmbs.news does not audit them. How this page is built.