Industrial · Chandler, Arizona
Chandler Business Center
Chandler Business Center is financed with a $12.6M CMBS loan at 3.35% that reaches maturity on September 6, 2031, in 4 years and 10 months. As of the Sep 2026 servicer report, the latest filed for this loan, its status is current.
The loan
- Balance in tracked trusts
- $12,580,000
- Original balance (same notes)
- $12,580,000
- Interest rate
- 3.35% fixed
- Originated
- August 16, 2021
- Maturity
- September 6, 2031
- Payments
- Interest only for the full term
- Prepayment lockout ends
- March 5, 2031
- Master servicer
- Trimont LLC
- Originator
- UBS AG
Status
- Payment status
- Current (code 0)
- Special servicing
- No transfer reported
- Defeasance
- None reported
The property
- Address
- 6150 West Chandler Boulevard, Chandler, AZ 85226
- Metro
- Phoenix-Mesa-Chandler, AZ
- Rentable area
- 106,892 sq ft
- Built
- 2002
- Largest tenants
- Skin Script LLC; Vector Energy LLC; Legacy Church AZ Inc.
- Value at securitization
- $21.8M (Jul 2021)
Performance
| At securitization | Latest (Jun 2026) | |
|---|---|---|
| DSCR (NOI) | 2.70x | 1.98x |
| Occupancy | 100% | 86% |
| Net operating income (annualized from 6 months) | $1.2M | $850K |
| Debt yield | 6.8% |
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 BBCMS Mortgage Trust 2021-C11 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
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 100% when the loan was securitized to 86%.
- Net operating income is 26% below the underwritten figure ($850K a year against $1.2M; the latest statement covers 6 months, annualized).
- Debt service coverage moved from 2.70x at securitization to 1.98x on the latest statements.
The last 12 monthly reports
| Report month | Balance | Payment status | Special servicer | DSCR | Occupancy |
|---|---|---|---|---|---|
| September 2026 | $12.6M | Current | No | 1.98x | 86% |
| August 2026 | $12.6M | Current | No | 1.89x | 86% |
| July 2026 | $12.6M | Current | No | 1.89x | 86% |
| June 2026 | $12.6M | Current | No | 1.89x | 86% |
| May 2026 | $12.6M | Current | No | 2.98x | 86% |
| April 2026 | $12.6M | Current | No | 2.98x | 86% |
| March 2026 | $12.6M | Current | No | 3.11x | 88% |
| February 2026 | $12.6M | Current | No | 3.11x | 88% |
| January 2026 | $12.6M | Current | No | 3.11x | 88% |
| December 2025 | $12.6M | Current | No | 3.11x | 88% |
| November 2025 | $12.6M | Current | No | 3.11x | 88% |
| October 2025 | $12.6M | Current | No | 3.12x | 88% |
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 |
|---|---|---|---|---|
| BBCMS Mortgage Trust 2021-C11 | 23 | $12,580,000 | Sep 2026 | SEC filing, September 29, 2026 |
Other Phoenix-Mesa-Chandler loans due in 2031
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| Watermark Tempe | Tempe, AZ | Mixed use | $121.0M | 2.84% | Aug 2031 | 4.47x | 98% | Current |
| Superstition Gateway | Mesa, AZ | Retail | $77.1M | 3.62% | Oct 2031 | 2.91x | 96% | Current |
| Mesa | Mesa, AZ | Self storage | $51.0M | 2.954% | Aug 2031 | n/a | n/a | Current |
| Mesa Grand | Mesa, AZ | Retail | $38.0M | 6.583% | Jul 2031 | n/a | n/a | Current |
| Gainey Ranch Corporate Center II | Scottsdale, AZ | Office | $29.2M | 3.20% | Aug 2031 | 4.12x | 100% | Current |
| Consumer Cellular | Phoenix, AZ | Office | $27.5M | 4.474% | Apr 2031 | 2.21x | 100% | Current |
| Arcadia Fiesta | Phoenix, AZ | Retail | $26.9M | 3.55% | Dec 2031 | 1.73x | 100% | Current |
| The District - Airpark | Scottsdale, AZ | Mixed use | $25.4M | 3.58% | Apr 2031 | 3.17x | 91% | Current |
All loans maturing in 2031 · 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.