Office · San Diego, California
Cabrillo Plaza
Cabrillo Plaza is financed with a $8.7M CMBS loan at 4.52% that reaches maturity on October 1, 2028, in 23 months. As of the Sep 2026 servicer report, the latest filed for this loan, its status is current.
The loan
- Balance in tracked trusts
- $8,650,000
- Original balance (same notes)
- $8,650,000
- Interest rate
- 4.52% fixed
- Originated
- September 5, 2018
- Maturity
- October 1, 2028
- Payments
- Interest only for the full term
- Prepayment lockout ended
- October 31, 2020
- Prepayment premium ends
- June 30, 2028 (yield maintenance)
- Originator
- CIBC Inc.
Status
- Payment status
- Current (code 0)
- Special servicing
- No transfer reported
- Defeasance
- Partly defeased
The property
- Address
- 3990 Old Town Avenue, San Diego, CA 92110
- Metro
- San Diego-Chula Vista-Carlsbad, CA
- Rentable area
- 76,809 sq ft
- Built
- 1984, renovated 2012
- Largest tenants
- Survivors of Torture International; Geosyntec Consultants Inc; Justin A. Isaac
- Value at securitization
- $19.3M (May 2018)
Performance
| At securitization | Latest (Jun 2026) | |
|---|---|---|
| DSCR (NOI) | 3.42x | 3.73x |
| Occupancy | 93% | 95% |
| Net operating income (annualized from 6 months) | $1.4M | $3.0M |
| Debt yield | 34.5% |
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 UBS Commercial Mortgage Trust 2018-C13 filing for the reporting period ending September 11, 2026, filed with the SEC September 28, 2026.
- Largest tenant's lease ends 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
- Net operating income is 120% above the underwritten figure ($3.0M a year against $1.4M; the latest statement covers 6 months, annualized).
- Debt service coverage moved from 3.42x at securitization to 3.73x on the latest statements.
- The filing gives May 2027 as the lease end date for the largest tenant (Survivors of Torture International), 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 | $8.7M | Current | No | 3.73x | 95% |
| August 2026 | $8.7M | Current | No | n/a | n/a |
| July 2026 | $8.7M | Current | No | n/a | n/a |
| June 2026 | $8.7M | Current | No | n/a | n/a |
| May 2026 | $8.7M | Current | No | n/a | n/a |
| April 2026 | $8.7M | Current | No | 2.58x | 97% |
| March 2026 | $8.7M | Current | No | 2.58x | 97% |
| February 2026 | $8.7M | Current | No | 2.58x | 97% |
| January 2026 | $8.7M | Current | No | 2.50x | 97% |
| December 2025 | $8.7M | Current | No | 2.09x | 93% |
| November 2025 | $8.7M | Current | No | 2.09x | 93% |
| October 2025 | $8.7M | Current | No | 2.09x | 93% |
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 |
|---|---|---|---|---|
| UBS Commercial Mortgage Trust 2018-C13 | 32 | $8,650,000 | Sep 2026 | SEC filing, September 28, 2026 |
Other San Diego-Chula Vista-Carlsbad loans due in 2028
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| Liberty Station Retail | San Diego, CA | Retail | $117.0M | 5.23% | Dec 2028 | n/a | n/a | Current |
| Broadway Plaza | Chula Vista, CA | Retail | $41.0M | 4.672% | Jul 2028 | 1.93x | 100% | Current |
| Best Western Plus Hacienda Hotel | San Diego, CA | Hotel | $31.5M | 5.10% | Apr 2028 | 2.35x | 78% | Current |
| Mission Center | San Diego, CA | Office | $28.6M | 4.265% | Jun 2028 | 2.22x | 84% | Current |
| Residence Inn Chula Vista | Chula Vista, CA | Hotel | $25.4M | 5.35% | Dec 2028 | 2.33x | 88% | Current |
| The Ratner | San Diego, CA | Office | $24.5M | 4.045% | Apr 2028 | 0.75x | 41% | Current |
| Seville Plaza | San Diego, CA | Office | $18.8M | 4.67% | Aug 2028 | 1.93x | 100% | Current |
| Mercado Plaza and Brandywine | CA | Retail | $15.8M | 7.411% | Aug 2028 | 1.39x | 100% | Current |
All loans maturing in 2028 · All San Diego-Chula Vista-Carlsbad 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.