Retail · San Diego, California
Liberty Station Retail
Public CMBS trusts hold $117.0M of the loan on Liberty Station Retail at 5.23% that reaches maturity on December 1, 2028, in 2 years and 1 month. As of the Sep 2026 and Oct 2026 servicer reports its status is current.
The loan
- Balance in tracked trusts
- $117,000,000
- Original balance (same notes)
- $117,000,000
- Interest rate
- 5.23% fixed
- Originated
- November 15, 2018
- Maturity
- December 1, 2028
- Payments
- Interest only for the full term
- Prepayment lockout ended
- January 31, 2021
- Prepayment premium ends
- September 30, 2028 (yield maintenance)
- Master servicer
- Midland Loan Services
- Originator
- JPMorgan Chase Bank, National Association
Status
- Payment status
- Current (code 0)
- Special servicing
- No transfer reported
- Defeasance
- None reported
The property
- Address
- 2401 Truxton Road Various, San Diego, CA 92106
- Metro
- San Diego-Chula Vista-Carlsbad, CA
- Rentable area
- 328,270 sq ft
- Built
- 1923, renovated 2009
- Largest tenants
- VONS COMPANIES; LIBERTY PUBLIC MARKET; STONE BREWING CO, LLC
- Value at securitization
- $170.0M (Oct 2018)
Performance
| At securitization | Latest | |
|---|---|---|
| DSCR (NOI) | 1.51x | n/a |
| Occupancy | 92% | n/a |
| Net operating income | $9.4M | n/a |
Watch flags
Computed from the JPMCC Commercial Mortgage Securities Trust 2019-COR4 filing for the reporting period ending October 6, 2026, filed with the SEC October 21, 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
- The filing gives Oct 2027 as the lease end date for the largest tenant (VONS COMPANIES), before the loan matures. Lenders look hard at that rollover.
The last 12 monthly reports
| Report month | Balance | Payment status | Special servicer | DSCR | Occupancy |
|---|---|---|---|---|---|
| October 2026 | $67.0M | Current | No | n/a | n/a |
| September 2026 | $117.0M | Current | No | 1.70x | 95% |
| August 2026 | $117.0M | Current | No | 1.70x | 95% |
| July 2026 | $117.0M | Current | No | 1.70x | 95% |
| June 2026 | $117.0M | Current | No | 1.70x | 95% |
| May 2026 | $117.0M | Current | No | 1.70x | 95% |
| April 2026 | $117.0M | Current | No | 1.70x | 95% |
| March 2026 | $117.0M | Current | No | 1.70x | 95% |
| February 2026 | $117.0M | Current | No | 1.70x | 95% |
| January 2026 | $117.0M | Current | No | 1.70x | 95% |
| December 2025 | $117.0M | Current | No | 1.69x | 100% |
| November 2025 | $117.0M | Current | No | 1.69x | 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
The loan is split into 3 notes held by different trusts. Each trust reports its own piece.
| Trust | Loan no. | Balance | Report period | Source |
|---|---|---|---|---|
| JPMCC Commercial Mortgage Securities Trust 2019-COR4 | 3 | $67,000,000 | Oct 2026 | SEC filing, October 21, 2026 |
| BENCHMARK 2019-B9 MORTGAGE TRUST | 10 | $30,000,000 | Sep 2026 | SEC filing, September 30, 2026 |
| Benchmark 2019-B10 Mortgage Trust | 23 | $20,000,000 | Sep 2026 | SEC filing, October 1, 2026 |
Other San Diego-Chula Vista-Carlsbad loans due in 2028
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| Broadway Plaza | Chula Vista, CA | Retail | $41.0M | 4.672% | Jul 2028 | 1.93x | 100% | Current |
| Best Western Plus Hacienda Hotel | San Diego, CA | Hotel | $31.5M | 5.10% | Apr 2028 | 2.35x | 78% | Current |
| Mission Center | San Diego, CA | Office | $28.6M | 4.265% | Jun 2028 | 2.22x | 84% | Current |
| Residence Inn Chula Vista | Chula Vista, CA | Hotel | $25.4M | 5.35% | Dec 2028 | 2.33x | 88% | Current |
| The Ratner | San Diego, CA | Office | $24.5M | 4.045% | Apr 2028 | 0.75x | 41% | Current |
| Seville Plaza | San Diego, CA | Office | $18.8M | 4.67% | Aug 2028 | 1.93x | 100% | Current |
| Mercado Plaza and Brandywine | CA | Retail | $15.8M | 7.411% | Aug 2028 | 1.39x | 100% | Current |
| Merge Carmel Valley | San Diego, CA | Mixed use | $14.3M | 4.907% | Jun 2028 | n/a | n/a | Current |
All loans maturing in 2028 · All San Diego-Chula Vista-Carlsbad loans
Source: each trust's ABS-EE asset-data exhibit (Regulation AB Schedule AL) on SEC EDGAR, reporting periods ending September 11, 2026, October 6, 2026. Servicers report these figures; cmbs.news does not audit them. How this page is built.