Retail · Marysville, Washington
Marketplace at Smokey Point
Marketplace at Smokey Point is financed with a $22.3M CMBS loan at 5.23% that reaches maturity on May 1, 2028, in 18 months. As of the Sep 2026 servicer report, the latest filed for this loan, its status is current.
The loan
- Balance in tracked trusts
- $22,329,721
- Original balance (same notes)
- $25,850,000
- Interest rate
- 5.23% fixed
- Originated
- April 16, 2018
- Maturity
- May 1, 2028
- Payments
- Amortizing over 30 years
- Prepayment lockout ends
- February 29, 2028
- Master servicer
- Trimont LLC
- Originator
- KeyBank National Association
Status
- Payment status
- Current (code 0)
- Special servicing
- No transfer reported
- Defeasance
- None reported
The property
- Address
- 2609 172nd Street Northeast, Marysville, WA 98271
- Metro
- Seattle-Tacoma-Bellevue, WA
- Rentable area
- 185,352 sq ft
- Built
- 2015
- Largest tenants
- Hobby Lobby; Dick's Sporting Goods; AGPWA SmokeyPoint LLC
- Value at securitization
- $40.5M (Jan 2018)
Performance
| At securitization | Latest (Dec 2025) | |
|---|---|---|
| DSCR (NOI) | 1.37x | 1.49x |
| Occupancy | 100% | 99% |
| Net operating income | $2.3M | $2.5M |
| Debt yield | 11.4% |
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 UBS Commercial Mortgage Trust 2018-C10 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
- Net operating income is 9% above the underwritten figure ($2.5M a year against $2.3M).
- Debt service coverage moved from 1.37x at securitization to 1.49x on the latest statements.
- The filing gives Jul 2026 as the lease end date for the largest tenant (Hobby Lobby), 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 | $22.3M | Current | No | 1.49x | 99% |
| August 2026 | $22.4M | Current | No | 1.49x | 99% |
| July 2026 | $22.4M | Current | No | 1.49x | 99% |
| June 2026 | $22.5M | Current | No | 1.49x | 99% |
| May 2026 | $22.5M | Current | No | 1.49x | 99% |
| April 2026 | $22.5M | Current | No | 1.49x | 99% |
| March 2026 | $22.6M | Current | No | 1.54x | 99% |
| February 2026 | $22.6M | Current | No | 1.54x | 99% |
| January 2026 | $22.7M | Current | No | 1.54x | 99% |
| December 2025 | $22.7M | Current | No | 1.54x | 99% |
| November 2025 | $22.8M | Current | No | 1.63x | 100% |
| October 2025 | $22.8M | Current | No | 1.63x | 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 |
|---|---|---|---|---|
| UBS Commercial Mortgage Trust 2018-C10 | 9 | $22,329,721 | Sep 2026 | SEC filing, September 28, 2026 |
Other Seattle-Tacoma-Bellevue loans due in 2028
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| 1201 Third Avenue | Seattle, WA | Office | $170.0M | 5.585% | Mar 2028 | 1.28x | 48% | Current |
| Willow Creek Corporate Center | Redmond, WA | Office | $88.7M | 4.659% | Aug 2028 | 2.80x | 100% | Current |
| Georgetown Squared & Seattle Design Center | Seattle, WA | Mixed use | $84.0M | 5.06% | Sep 2028 | 1.24x | 78% | Current |
| Hyatt at Olive 8 | Seattle, WA | Hotel | $78.0M | 4.84% | Apr 2028 | n/a | n/a | Current |
| Google Kirkland Campus Phase I | Kirkland, WA | Office | $65.0M | 4.85% | Dec 2028 | n/a | n/a | Current |
| Time Square Office Renton | Renton, WA | Office | $53.5M | 5.002% | Oct 2028 | 0.39x | 46% | With the special servicer and 90+ days delinquent |
| 2020 Fifth Avenue | Seattle, WA | Other | $48.0M | 4.262% | Sep 2028 | 3.34x | 100% | Current |
| The Landmark | Renton, WA | Office | $42.0M | 9.03% | Oct 2028 | 1.62x | 100% | Current |
All loans maturing in 2028 · All Seattle-Tacoma-Bellevue 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.