Retail · Marion, Virginia
Marion Plaza Shopping Center
Marion Plaza Shopping Center is financed with a $3.8M CMBS loan at 5.798% that reaches maturity on December 6, 2028, in 2 years and 1 month. As of the Sep 2026 servicer report, the latest filed for this loan, its status is current.
The loan
- Balance in tracked trusts
- $3,813,210
- Original balance (same notes)
- $4,300,000
- Interest rate
- 5.798% fixed
- Originated
- November 28, 2018
- Maturity
- December 6, 2028
- Payments
- Amortizing over 30 years
- Prepayment lockout ends
- September 5, 2028
- Master servicer
- Midland Loan Services
- Originator
- UBS AG
Status
- Payment status
- Current (code 0)
- Special servicing
- No transfer reported
- Defeasance
- Partly defeased
The property
- Address
- 1571 N. Main Street, Marion, VA 24354
- Rentable area
- 121,706 sq ft
- Built
- 1971, renovated 2017
- Largest tenants
- Tractor Supply, Inc.; 011ies Bargain Outlet; Dollar Tree Store, Inc
- Value at securitization
- $6.7M (Aug 2018)
Performance
| At securitization | Latest (Jun 2026) | |
|---|---|---|
| DSCR (NOI) | 1.60x | 1.88x |
| Occupancy | 91% | 99% |
| Net operating income (annualized from 6 months) | $483K | $1.1M |
| Debt yield | 30.0% |
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 UBS Commercial Mortgage Trust 2018-C15 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.
What the filing shows
- Occupancy has risen from 91% when the loan was securitized to 99%.
- Net operating income is 137% above the underwritten figure ($1.1M a year against $483K; the latest statement covers 6 months, annualized).
- Debt service coverage moved from 1.60x at securitization to 1.88x on the latest statements.
The last 12 monthly reports
| Report month | Balance | Payment status | Special servicer | DSCR | Occupancy |
|---|---|---|---|---|---|
| September 2026 | $3.8M | Current | No | 1.88x | 99% |
| August 2026 | $3.8M | Current | No | 1.79x | 99% |
| July 2026 | $3.8M | Current | No | 1.79x | 99% |
| June 2026 | $3.8M | Current | No | 1.79x | 99% |
| May 2026 | $3.8M | Current | No | n/a | n/a |
| April 2026 | $3.8M | Current | No | 1.71x | 99% |
| March 2026 | $3.9M | Current | No | 1.71x | 99% |
| February 2026 | $3.9M | Current | No | 1.71x | 99% |
| January 2026 | $3.9M | Current | No | 1.68x | 96% |
| December 2025 | $3.9M | Current | No | 1.68x | 96% |
| November 2025 | $3.9M | Current | No | 1.68x | 96% |
| October 2025 | $3.9M | Current | No | 1.60x | 96% |
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 |
|---|---|---|---|---|
| UBS Commercial Mortgage Trust 2018-C15 | 37 | $3,813,210 | Sep 2026 | SEC filing, September 28, 2026 |
Other Virginia loans due in 2028
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| Tysons Corner Center | McLean, VA | Retail | $269.8M | 6.601% | Dec 2028 | 1.93x | 86% | Current |
| Short Pump Town Center | Richmond, VA | Retail | $170.0M | 8.303% | Aug 2028 | 1.77x | 96% | Current |
| 375 Kenyon Road | Suffolk, VA | Industrial | $163.1M | 2.484% | Apr 2028 | n/a | n/a | Current |
| One Dulles Tower | Herndon, VA | Office | $152.0M | 3.986% | Mar 2028 | 2.32x | 100% | Current |
| Riverfront Plaza | Richmond, VA | Office | $129.2M | 5.066% | May 2028 | n/a | n/a | With the special servicer and 90+ days delinquent |
| Village at Leesburg | Leesburg, VA | Retail | $124.3M | 4.758% | Apr 2028 | 1.19x | 96% | Current |
| Virginia Beach Hotel Portfolio | VA | Hotel | $81.2M | 4.913% | Sep 2028 | 2.18x | 64% | Current |
| Braddock Metro Center | Alexandria, VA | Office | $71.6M | 4.57% | Feb 2028 | 1.01x | 81% | With the special servicer and 90+ days delinquent |
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.