Office · Phoenix, Arizona
Central Arts Plaza
Public CMBS trusts hold $63.0M of the loan on Central Arts Plaza at 6.73% that reaches maturity on November 6, 2030, in 4 years. As of the Sep 2026 servicer report, the latest filed for this loan, its status is current.
The loan
- Balance in tracked trusts
- $63,000,000
- Original balance (same notes)
- $63,000,000
- Interest rate
- 6.73% fixed
- Originated
- October 23, 2025
- Maturity
- November 6, 2030
- Payments
- Interest only for the full term
- Prepayment lockout ends
- May 5, 2030
- Master servicer
- Trimont LLC
- Originator
- Goldman Sachs Bank USA
Status
- Payment status
- Current (code 0)
- Special servicing
- No transfer reported
- Defeasance
- None reported
The property
- Address
- 1850 North Central Avenue, Phoenix, AZ 85004
- Metro
- Phoenix-Mesa-Chandler, AZ
- Rentable area
- 484,168 sq ft
- Built
- 1990, renovated 2020
- Largest tenants
- Tiffany & Bosco, P.A.; Burns & McDonnell Engineering; Dickinson Wright, PLLC
- Value at securitization
- $94.4M (Aug 2026)
Performance
| At securitization | Latest | |
|---|---|---|
| DSCR (NOI) | 1.96x | n/a |
| Occupancy | 91% | n/a |
| Net operating income | $8.4M | n/a |
Watch flags
Computed from the Benchmark 2025-V19 Mortgage Trust filing for the reporting period ending September 11, 2026, filed with the SEC September 30, 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.
The last 11 monthly reports
| Report month | Balance | Payment status | Special servicer | DSCR | Occupancy |
|---|---|---|---|---|---|
| September 2026 | $63.0M | Current | No | n/a | n/a |
| August 2026 | $63.0M | Current | No | n/a | n/a |
| July 2026 | $63.0M | Current | No | n/a | n/a |
| June 2026 | $63.0M | Current | No | n/a | n/a |
| May 2026 | $63.0M | Current | No | n/a | n/a |
| April 2026 | $63.0M | Current | No | n/a | n/a |
| March 2026 | $63.0M | Late payment but less than 30 days delinquent | No | n/a | n/a |
| February 2026 | $63.0M | Current | No | n/a | n/a |
| January 2026 | $63.0M | Current | No | n/a | n/a |
| December 2025 | $63.0M | Payment not received but still in grace period or not yet due | No | 1.28x | 91% |
| November 2025 | $33.0M | Payment not received but still in grace period or not yet due | No | n/a | n/a |
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
The loan is split into 3 notes held by different trusts. Each trust reports its own piece.
| Trust | Loan no. | Balance | Report period | Source |
|---|---|---|---|---|
| BBCMS Mortgage Trust 2025-5C38 | 10 | $33,000,000 | Sep 2026 | SEC filing, September 29, 2026 |
| Wells Fargo Commercial Mortgage Trust 2025-5C7 | 12 | $23,000,000 | Sep 2026 | SEC filing, September 29, 2026 |
| Benchmark 2025-V19 Mortgage Trust | 23 | $7,000,000 | Sep 2026 | SEC filing, September 30, 2026 |
Other Phoenix-Mesa-Chandler loans due in 2030
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| U-Haul Moving & Storage of Mesa | Mesa, AZ | Self storage | $26.0M | 3.11% | Mar 2030 | n/a | n/a | Current |
| Bell Towne Centre | Phoenix, AZ | Retail | $24.1M | 3.521% | Dec 2030 | 2.50x | 95% | Current |
| Palmilla Center | Avondale, AZ | Retail | $19.9M | 6.216% | Dec 2030 | n/a | n/a | Current |
| Elevate at South Mountain | Phoenix, AZ | Multifamily | $16.9M | 6.126% | Oct 2030 | n/a | n/a | Late, less than 30 days |
| Crossroads at Tolleson | Tolleson, AZ | Retail | $15.6M | 3.90% | Feb 2030 | 2.18x | 99% | Current |
| Landing At The Quarter | Scottsdale, AZ | Industrial | $15.6M | 3.717% | Jan 2030 | n/a | n/a | Current |
| Glendale Thunderbird Shopping Center | Glendale, AZ | Retail | $12.2M | 3.25% | Mar 2030 | 4.02x | 100% | Current |
| Augusta Ranch Marketplace | Mesa, AZ | Retail | $12.0M | 7.01% | Sep 2030 | n/a | n/a | Current |
All loans maturing in 2030 · All Phoenix-Mesa-Chandler 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.