Mixed use · Beaverton, Oregon
Millikan Business Center
Millikan Business Center is financed with a $25.8M CMBS loan at 3.357% that reaches maturity on November 6, 2029, in 3 years. As of the Sep 2026 servicer report, the latest filed for this loan, its status is current.
The loan
- Balance in tracked trusts
- $25,838,984
- Original balance (same notes)
- $28,000,000
- Interest rate
- 3.357% fixed
- Originated
- October 18, 2019
- Maturity
- November 6, 2029
- Payments
- Interest only for 36 months, then amortizing
- Prepayment lockout ends
- August 5, 2029
- Master servicer
- KeyBank N.A.
- Originator
- Barclays Capital Real Estate Inc.
Status
- Payment status
- Current (code 0)
- Special servicing
- No transfer reported
- Defeasance
- None reported
The property
- Address
- 14523 Sw Millikan Way, Beaverton, OR 97005
- Metro
- Portland-Vancouver-Hillsboro, OR-WA
- Rentable area
- 293,762 sq ft
- Built
- 1970
- Largest tenants
- MKS Instrumets, Inc (43501010); VACANT; Nike Retail Services, Inc (43501200)
- Value at securitization
- $43.5M (Sep 2019)
Performance
| At securitization | Latest (Mar 2026) | |
|---|---|---|
| DSCR (NOI) | 2.26x | 2.22x |
| Occupancy | 88% | 100% |
| Net operating income (annualized from 3 months) | $3.4M | $3.3M |
| Debt yield | 12.9% |
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 BBCMS Mortgage Trust 2020-C6 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 risen from 88% when the loan was securitized to 100%.
The last 12 monthly reports
| Report month | Balance | Payment status | Special servicer | DSCR | Occupancy |
|---|---|---|---|---|---|
| September 2026 | $25.8M | Current | No | 2.22x | 100% |
| August 2026 | $25.9M | Current | No | 2.22x | 85% |
| July 2026 | $25.9M | Current | No | 2.22x | 85% |
| June 2026 | $26.0M | Current | No | n/a | n/a |
| May 2026 | $26.0M | Current | No | n/a | n/a |
| April 2026 | $26.1M | Current | No | 2.50x | 85% |
| March 2026 | $26.1M | Current | No | 2.50x | 85% |
| February 2026 | $26.2M | Current | No | 2.49x | 85% |
| January 2026 | $26.2M | Current | No | 2.49x | 85% |
| December 2025 | $26.3M | Current | No | 2.49x | 85% |
| November 2025 | $26.3M | Current | No | 2.50x | 85% |
| October 2025 | $26.4M | Current | No | 2.50x | 85% |
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 |
|---|---|---|---|---|
| BBCMS Mortgage Trust 2020-C6 | 15 | $25,838,984 | Sep 2026 | SEC filing, September 29, 2026 |
Other Portland-Vancouver-Hillsboro loans due in 2029
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| Wood Village Town Center | Wood Village, OR | Retail | $77.2M | 4.139% | Jun 2029 | n/a | n/a | Current |
| Louisa Apartments | Portland, OR | Multifamily | $58.4M | 5.073% | Oct 2029 | 0.96x | 93% | Current |
| Embassy Suites Washington Square | Tigard, OR | Hotel | $54.2M | 5.304% | Feb 2029 | 0.10x | 48% | Current |
| Kruse Woods V | Lake Oswego, OR | Office | $28.5M | 7.448% | Nov 2029 | 2.70x | 98% | Current |
| Townhomes with a View | Clackamas, OR | Multifamily | $24.3M | 4.40% | Jul 2029 | 1.07x | 90% | Delinquent |
| Hollywood Station | Portland, OR | Retail | $14.7M | 4.46% | May 2029 | n/a | n/a | Delinquent |
| Creekside Village Apartments | Beaverton, OR | Multifamily | $12.8M | 4.61% | May 2029 | n/a | n/a | Current |
| 21 Astor | Portland, OR | Multifamily | $12.2M | 5.11% | Jan 2029 | 1.40x | 97% | Current |
All loans maturing in 2029 · All Portland-Vancouver-Hillsboro 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.