Retail · Leesburg, Virginia
Leesburg Plaza
Leesburg Plaza is financed with a $48.5M CMBS loan at 3.17% that reaches maturity on January 6, 2032, in 5 years and 2 months. As of the Sep 2026 servicer report, the latest filed for this loan, its status is current.
The loan
- Balance in tracked trusts
- $48,490,000
- Original balance (same notes)
- $48,490,000
- Interest rate
- 3.17% fixed
- Originated
- December 17, 2021
- Maturity
- January 6, 2032
- Payments
- Interest only for the full term
- Prepayment lockout ends
- October 5, 2031
- Master servicer
- Midland Loan Services
- Originator
- Citi Real Estate Funding Inc.
Status
- Payment status
- Current (code 0)
- Special servicing
- No transfer reported
- Defeasance
- None reported
The property
- Address
- 534 E. Market Street, Leesburg, VA 20176
- Metro
- Washington-Arlington-Alexandria, DC-VA-MD-WV
- Rentable area
- 234,577 sq ft
- Built
- 1967, renovated 2005
- Largest tenants
- Giant Food/Drug Store #799; PetSmart #1483; Planet Fitness
- Value at securitization
- $73.6M (Oct 2021)
Performance
| At securitization | Latest | |
|---|---|---|
| DSCR (NOI) | 3.15x | n/a |
| Occupancy | 95% | n/a |
| Net operating income | $4.9M | n/a |
Watch flags
Computed from the Benchmark 2022-B32 Mortgage Trust filing for the reporting period ending September 11, 2026, filed with the SEC September 28, 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 12 monthly reports
| Report month | Balance | Payment status | Special servicer | DSCR | Occupancy |
|---|---|---|---|---|---|
| September 2026 | $48.5M | Current | No | n/a | n/a |
| August 2026 | $48.5M | Current | No | n/a | n/a |
| July 2026 | $48.5M | Current | No | n/a | n/a |
| June 2026 | $48.5M | Current | No | n/a | n/a |
| May 2026 | $48.5M | Current | No | n/a | n/a |
| April 2026 | $48.5M | Current | No | 3.59x | 95% |
| March 2026 | $48.5M | Current | No | 3.59x | 95% |
| February 2026 | $48.5M | Current | No | 3.23x | 100% |
| January 2026 | $48.5M | Current | No | 3.23x | 100% |
| December 2025 | $48.5M | Current | No | 3.23x | 100% |
| November 2025 | $48.5M | Current | No | 3.23x | 100% |
| October 2025 | $48.5M | Current | No | 3.23x | 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.
Where the loan sits
One trust holds this loan in the data.
| Trust | Loan no. | Balance | Report period | Source |
|---|---|---|---|---|
| Benchmark 2022-B32 Mortgage Trust | 14 | $48,490,000 | Sep 2026 | SEC filing, September 28, 2026 |
Other Washington-Arlington-Alexandria loans due in 2032
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| Constitution Center | Washington, DC | Office | $368.0M | 3.049% | Mar 2032 | 1.65x | 100% | Current |
| Woodmore Towne Centre | Glenarden, MD | Retail | $117.2M | 3.39% | Jan 2032 | 3.38x | 96% | Current |
| 2550 M Street | Washington, DC | Office | $86.8M | 4.60% | Apr 2032 | 2.26x | 100% | Current |
| 2115 Wisconsin Avenue | Washington, DC | Office | $54.9M | 4.175% | Apr 2032 | 2.23x | 100% | Current |
| Shops at Dakota Crossing | Washington, DC | Retail | $46.0M | 4.86% | Apr 2032 | 1.53x | 100% | Current |
| Liberty Park at Tysons | Vienna, VA | Office | $45.0M | 5.21% | Nov 2032 | 2.95x | 100% | Current |
| Potomac Festival I | Woodbridge, VA | Retail | $40.0M | 5.316% | Aug 2032 | 2.28x | 99% | Current |
| Cheshire Station | Dale City, VA | Retail | $17.6M | 4.97% | Jun 2032 | n/a | n/a | 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.