Retail · Thatcher, Arizona
Gila Valley Shopping Center
Gila Valley Shopping Center is financed with a $13.6M CMBS loan at 6.50% that reaches maturity on August 6, 2034, in 7 years and 9 months. As of the Sep 2026 servicer report, the latest filed for this loan, its status is current.
The loan
- Balance in tracked trusts
- $13,600,000
- Original balance (same notes)
- $13,600,000
- Interest rate
- 6.50% fixed
- Originated
- August 2, 2024
- Maturity
- August 6, 2034
- Payments
- Interest only for the full term
- Prepayment lockout ends
- May 5, 2034
- Master servicer
- Trimont LLC
- Originator
- AREF2
Status
- Payment status
- Current (code 0)
- Special servicing
- No transfer reported
- Defeasance
- None reported
The property
- Address
- 2125 U.s. Route 70, Thatcher, AZ 85552
- Rentable area
- 119,205 sq ft
- Built
- 1980
- Largest tenants
- Safeway; Five Below Inc.; Dollar Tree
- Value at securitization
- $21.0M (May 2024)
Performance
| At securitization | Latest (Jun 2026) | |
|---|---|---|
| DSCR (NOI) | 1.54x | 1.57x |
| Occupancy | 99% | 90% |
| Net operating income (annualized from 6 months) | $1.4M | $1.4M |
| 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 Wells Fargo Commercial Mortgage Trust 2024-C63 filing for the reporting period ending September 11, 2026, filed with the SEC September 29, 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.
What the filing shows
- Occupancy has fallen from 99% when the loan was securitized to 90%.
- The filing gives Sep 2028 as the lease end date for the largest tenant (Safeway), before the loan matures. Lenders look hard at that rollover.
The last 12 monthly reports
| Report month | Balance | Payment status | Special servicer | DSCR | Occupancy |
|---|---|---|---|---|---|
| September 2026 | $13.6M | Current | No | 1.57x | 90% |
| August 2026 | $13.6M | Current | No | 1.50x | 97% |
| July 2026 | $13.6M | Current | No | 1.50x | 97% |
| June 2026 | $13.6M | Current | No | 1.50x | 97% |
| May 2026 | $13.6M | Current | No | 1.50x | 97% |
| April 2026 | $13.6M | Current | No | 1.27x | 97% |
| March 2026 | $12.4M | Current | No | 3.47x | 94% |
| February 2026 | $13.6M | Current | No | 1.34x | 97% |
| January 2026 | $13.6M | Current | No | 1.34x | 97% |
| December 2025 | $13.6M | Current | No | 1.34x | 97% |
| November 2025 | $13.6M | Current | No | 1.34x | 97% |
| October 2025 | $13.6M | Current | No | 1.60x | 97% |
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 |
|---|---|---|---|---|
| Wells Fargo Commercial Mortgage Trust 2024-C63 | 18 | $13,600,000 | Sep 2026 | SEC filing, September 29, 2026 |
Other Arizona loans due in 2034
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| Arizona Grand Resort and Spa | Phoenix, AZ | Hotel | $125.0M | 5.55% | Aug 2034 | 4.48x | 77% | Current |
| Rillito Crossing Marketplace | Tucson, AZ | Retail | $16.8M | 7.298% | Jan 2034 | 1.43x | 95% | Current |
| Southgate Shopping Center, Yuma | Yuma, AZ | Retail | $15.6M | 7.44% | Jul 2034 | n/a | n/a | Current |
| Union Hills Self Storage | Phoenix, AZ | Self storage | $11.2M | 6.57% | Jul 2034 | 1.23x | 71% | 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.