Office · Calabasas, California
Calabasas Tech Center
Calabasas Tech Center is financed with a $33.0M CMBS loan at 4.858% that reaches maturity on December 1, 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
- $33,000,000
- Original balance (same notes)
- $33,000,000
- Interest rate
- 4.858% fixed
- Originated
- November 22, 2016
- Maturity
- December 1, 2026
- Payments
- Interest only for the full term
- Prepayment lockout ended
- July 31, 2026
- Master servicer
- Trimont LLC
- Originator
- MSMCH
Status
- Payment status
- Current (code 0)
- Special servicing
- No transfer reported
- Defeasance
- None reported
The property
- Address
- 26520-26672 Agoura Road, Calabasas, CA 91302
- Metro
- Los Angeles-Long Beach-Anaheim, CA
- Rentable area
- 282,434 sq ft
- Built
- 1985
- Largest tenants
- Yamaha Guitar Group Inc.; KIMSAPRINCESS INC. a California Corp; Golden Entropy Marketing Inc a CaliforniaCorporat
- Value at securitization
- $51.5M (Oct 2016)
Performance
| At securitization | Latest (Mar 2026) | |
|---|---|---|
| DSCR (NOI) | 2.32x | 1.63x |
| Occupancy | 90% | 68% |
| Net operating income (annualized from 3 months) | $3.8M | $2.7M |
| Debt yield | 8.0% |
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 Bank of America Merrill Lynch Commercial Mortgage Trust 2017-BNK3 filing for the reporting period ending September 11, 2026, filed with the SEC September 29, 2026.
- Coverage down 0.25x or more from securitization
- Occupancy down 10 points or more from securitization
- NOI down 20% or more from securitization
- 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 90% when the loan was securitized to 68%.
- Net operating income is 30% below the underwritten figure ($2.7M a year against $3.8M; the latest statement covers 3 months, annualized).
- Debt service coverage moved from 2.32x at securitization to 1.63x on the latest statements.
The last 12 monthly reports
| Report month | Balance | Payment status | Special servicer | DSCR | Occupancy |
|---|---|---|---|---|---|
| September 2026 | $33.0M | Current | No | 1.63x | 68% |
| August 2026 | $33.0M | Current | No | 1.63x | 68% |
| July 2026 | $33.0M | Current | No | 1.63x | 68% |
| June 2026 | $33.0M | Current | No | 2.02x | 68% |
| May 2026 | $33.0M | Current | No | 2.02x | 68% |
| April 2026 | $33.0M | Current | No | 2.02x | 68% |
| March 2026 | $33.0M | Current | No | 2.03x | 75% |
| February 2026 | $33.0M | Current | No | 2.03x | 75% |
| January 2026 | $33.0M | Current | No | 2.03x | 75% |
| December 2025 | $33.0M | Current | No | 2.03x | 75% |
| November 2025 | $33.0M | Current | No | 1.95x | 75% |
| October 2025 | $33.0M | Current | No | 1.95x | 75% |
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 |
|---|---|---|---|---|
| Bank of America Merrill Lynch Commercial Mortgage Trust 2017-BNK3 | 9 | $33,000,000 | 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 |
| 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 |
| Melrose Place | Los Angels, CA | Retail | $16.0M | 4.452% | 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.