Retail · Avondale, Arizona
Gateway Crossing
Public CMBS trusts hold $30.7M of the loan on Gateway Crossing at 4.73% that reaches maturity on March 1, 2027, in 4 months. As of the Sep 2026 servicer report, the latest filed for this loan, its status is current.
The loan
- Balance in tracked trusts
- $30,729,336
- Original balance (same notes)
- $39,750,000
- Interest rate
- 4.73% fixed
- Originated
- February 9, 2017
- Maturity
- March 1, 2027
- Payments
- Amortizing over 26 years
- Prepayment lockout ends
- November 30, 2026
- Master servicer
- Wells Fargo
- Originator
- MSBNA
Status
- Payment status
- Current (code 0)
- Special servicing
- Transferred June 3, 2020, returned December 2, 2020
- Workout strategy
- Resolved
- Defeasance
- None reported
The property
- Address
- 9915-10115 West Mcdowell Road, Avondale, AZ 85392
- Metro
- Phoenix-Mesa-Chandler, AZ
- Rentable area
- 212,361 sq ft
- Built
- 2006
- Largest tenants
- Best Buy #1109; Hobby Lobby #380; Old Navy #5015
- Value at securitization
- $54.1M (Jan 2017)
Performance
| At securitization | Latest (Mar 2026) | |
|---|---|---|
| DSCR (NOI) | 1.34x | 1.19x |
| Occupancy | 99% | 99% |
| Net operating income (annualized from 3 months) | $3.6M | $3.2M |
| Debt yield | 10.4% |
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 Morgan Stanley Bank of America Merrill Lynch Trust 2017-C33 filing for the reporting period ending September 11, 2026, filed with the SEC October 2, 2026.
- 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
- Net operating income is 10% below the underwritten figure ($3.2M a year against $3.6M; the latest statement covers 3 months, annualized).
- Debt service coverage moved from 1.34x at securitization to 1.19x on the latest statements.
- The most recent valuation in the filing is $43.3M (August 25, 2020), against $54.1M at securitization.
The last 12 monthly reports
| Report month | Balance | Payment status | Special servicer | DSCR | Occupancy |
|---|---|---|---|---|---|
| September 2026 | $30.7M | Current | No | 1.19x | 99% |
| August 2026 | $30.8M | Current | No | 1.19x | 99% |
| July 2026 | $30.9M | Current | No | 1.38x | 99% |
| June 2026 | $31.0M | Current | No | 1.38x | 99% |
| May 2026 | $31.1M | Current | No | 1.38x | 99% |
| April 2026 | $31.2M | Current | No | 1.45x | 99% |
| March 2026 | $31.3M | Current | No | 1.45x | 99% |
| February 2026 | $31.4M | Current | No | 1.53x | 98% |
| January 2026 | $31.5M | Current | No | 1.53x | 98% |
| December 2025 | $31.6M | Current | No | 1.53x | 98% |
| November 2025 | $31.7M | Current | No | 1.53x | 98% |
| October 2025 | $31.8M | Current | No | 1.35x | 100% |
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.
Special-servicing history
- Transferred to the special servicer June 3, 2020, returned to the master servicer December 2, 2020.
Transfer and return dates as reported in the filings of the past year; an earlier episode shows here only if a filing in that year still reports it.
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 |
|---|---|---|---|---|
| Morgan Stanley Capital I Trust 2017-H1 | 15 | $19,133,360 | Sep 2026 | SEC filing, October 2, 2026 |
| Morgan Stanley Bank of America Merrill Lynch Trust 2017-C33 | 13 | $11,595,976 | Sep 2026 | SEC filing, October 2, 2026 |
Other Phoenix-Mesa-Chandler loans due in 2027
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| Northern Trust Office | Tempe, AZ | Office | $40.4M | 3.56% | Oct 2027 | 2.59x | 100% | Current |
| Spectrum Town Center | Gilbert, AZ | Retail | $28.1M | 4.387% | Nov 2027 | 1.98x | 98% | Current |
| Metro Towne Center | Phoenix, AZ | Retail | $18.4M | 4.12% | Sep 2027 | 2.42x | 93% | Current |
| Heritage Marketplace | Gilbert, AZ | Retail | $14.5M | 4.659% | Nov 2027 | 1.48x | 94% | Current |
| Thunderbird Beltway | Peoria, AZ | Retail | $11.2M | 4.59% | May 2027 | 1.93x | 95% | Current |
| Kohls - Scottsdale | Scottsdale, AZ | Retail | $11.1M | 4.46% | May 2027 | 1.60x | 100% | Current |
| Paseo Lindo | Chandler, AZ | Retail | $9.1M | 4.23% | Oct 2027 | 5.45x | 100% | Current |
| Dollar Self Storage Peoria | Phoenix, AZ | Self storage | $6.1M | 5.24% | Mar 2027 | 1.95x | 82% | Current |
All loans maturing in 2027 · 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.