Retail · Tucson, Arizona
El Con Center
Public CMBS trusts hold $63.0M of the loan on El Con Center at 4.82% that reaches maturity on May 6, 2029, in 2 years and 6 months. 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
- 4.82% fixed
- Originated
- May 1, 2019
- Maturity
- May 6, 2029
- Payments
- Interest only for the full term
- Prepayment lockout ended
- May 5, 2021
- Master servicer
- Trimont LLC
- Originator
- Rialto Mortgage Finance, LLC
Status
- Payment status
- Current (code 0)
- Special servicing
- No transfer reported
- Defeasance
- Partly defeased
The property
- Address
- 3601 East Broadway Boulevard, Tucson, AZ 85716
- Metro
- Tucson, AZ
- Rentable area
- 480,383 sq ft
- Built
- 1971, renovated 2014
- Largest tenants
- Century Theatres; Burlington Coat Factory; Ross Dress for Less
- Value at securitization
- $100.3M (Mar 2019)
Performance
| At securitization | Latest (Jun 2026) | |
|---|---|---|
| DSCR (NOI) | 1.90x | 2.46x |
| Occupancy | 100% | 55% |
| Net operating income (annualized from 6 months) | $5.9M | $7.6M |
| Debt yield | 12.1% |
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 Wells Fargo Commercial Mortgage Trust 2019-C52 filing for the reporting period ending September 11, 2026, filed with the SEC September 29, 2026.
- Occupancy down 10 points 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 55%.
- Net operating income is 30% above the underwritten figure ($7.6M a year against $5.9M; the latest statement covers 6 months, annualized).
- Debt service coverage moved from 1.90x at securitization to 2.46x on the latest statements.
The last 12 monthly reports
| Report month | Balance | Payment status | Special servicer | DSCR | Occupancy |
|---|---|---|---|---|---|
| September 2026 | $63.0M | Current | No | 2.46x | 55% |
| August 2026 | $63.0M | Current | No | 2.04x | 56% |
| July 2026 | $63.0M | Current | No | 1.92x | 56% |
| June 2026 | $63.0M | Current | No | 1.92x | 56% |
| May 2026 | $63.0M | Current | No | 1.92x | 56% |
| April 2026 | $63.0M | Current | No | 1.92x | 56% |
| March 2026 | $63.0M | Current | No | 1.00x | 56% |
| February 2026 | $63.0M | Current | No | 1.00x | 56% |
| January 2026 | $63.0M | Current | No | 1.00x | 56% |
| December 2025 | $63.0M | Current | No | 1.00x | 56% |
| November 2025 | $63.0M | Current | No | 1.75x | 56% |
| October 2025 | $63.0M | Current | No | 1.75x | 56% |
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 2 notes held by different trusts. Each trust reports its own piece.
| Trust | Loan no. | Balance | Report period | Source |
|---|---|---|---|---|
| Wells Fargo Commercial Mortgage Trust 2019-C51 | 4 | $45,000,000 | Sep 2026 | SEC filing, September 29, 2026 |
| Wells Fargo Commercial Mortgage Trust 2019-C52 | 19 | $18,000,000 | Sep 2026 | SEC filing, September 29, 2026 |
Other Tucson loans due in 2029
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| AC Marriott Downtown Tucson | Tucson, AZ | Hotel | $37.3M | 5.38% | Jan 2029 | 1.48x | 73% | Current |
| Oro Valley Marketplace | Oro Valley, AZ | Retail | $32.7M | 3.93% | Oct 2029 | 1.46x | 87% | Current |
| Oracle Crossings | Oro Valley, AZ | Retail | $27.4M | 4.88% | Jan 2029 | 1.76x | 96% | Current |
| Comcast Tucson | Tucson, AZ | Office | $19.6M | 4.85% | Jun 2029 | n/a | n/a | With the special servicer and 30-59 days delinquent |
| 333 E Wetmore Road | Tuscon, AZ | Office | $16.0M | 3.49% | Dec 2029 | 1.77x | 65% | Current |
| Irvington Plaza | Tucson, AZ | Retail | $5.7M | 4.35% | Jun 2029 | 2.42x | 96% | Current |
| Carousel Ranch Mhc | Tucson, AZ | Manufactured housing | $4.3M | 6.017% | Oct 2029 | 2.01x | 85% | Current |
| Sycamore Cove | Tucson, AZ | Multifamily | $4.2M | 6.80% | Jan 2029 | 1.25x | 88% | Current |
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.