Office · Sunnyvale, California
Moffett Towers II Building V
Public CMBS trusts hold $170.0M of the loan on Moffett Towers II Building V at 4.026% that reaches its anticipated repayment date on April 6, 2029, in 2 years and 5 months. As of the Sep 2026 and Oct 2026 servicer reports its status is current.
The loan
- Balance in tracked trusts
- $170,000,000
- Original balance (same notes)
- $170,000,000
- Interest rate
- 4.026% fixed
- Originated
- March 8, 2019
- Maturity
- June 6, 2034
- Anticipated repayment date
- April 6, 2029 (the rate steps up if the loan is not repaid by then)
- Payments
- Interest only for the full term
- Prepayment lockout ended
- May 5, 2021
- Prepayment premium ends
- October 5, 2028 (yield maintenance)
- Master servicer
- Midland Loan Services
- Originator
- Goldman Sachs Bank USA, Deutsche Bank AG, New York Branch
Status
- Payment status
- Current (code 0)
- Special servicing
- No transfer reported
- Defeasance
- None reported
The property
- Address
- 1180 Discovery Way, Sunnyvale, CA 94089
- Metro
- San Jose-Sunnyvale-Santa Clara, CA
- Rentable area
- 350,633 sq ft
- Built
- 2019
- Largest tenants
- Meta Platforms, Inc.
- Value at securitization
- $365.0M (Feb 2019)
Performance
| At securitization | Latest (Jun 2026) | |
|---|---|---|
| DSCR (NOI) | 3.33x | 3.24x |
| Occupancy | 100% | 100% |
| Net operating income (annualized from 6 months) | $23.1M | $45.4M |
| Debt yield | 26.7% |
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 GS Mortgage Securities Trust 2019-GC40 filing for the reporting period ending October 6, 2026, filed with the SEC October 22, 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 97% above the underwritten figure ($45.4M a year against $23.1M; the latest statement covers 6 months, annualized).
The last 12 monthly reports
| Report month | Balance | Payment status | Special servicer | DSCR | Occupancy |
|---|---|---|---|---|---|
| October 2026 | $127.5M | Current | No | 3.24x | 100% |
| September 2026 | $170.0M | Current | No | 3.26x | 100% |
| August 2026 | $170.0M | Current | No | 3.26x | 100% |
| July 2026 | $170.0M | Current | No | 3.26x | 100% |
| June 2026 | $170.0M | Current | No | 3.26x | 100% |
| May 2026 | $170.0M | Current | No | n/a | n/a |
| April 2026 | $170.0M | Current | No | 3.15x | 100% |
| March 2026 | $170.0M | Current | No | 3.15x | 100% |
| February 2026 | $170.0M | Current | No | 3.14x | 100% |
| January 2026 | $170.0M | Current | No | 3.13x | 100% |
| December 2025 | $170.0M | Current | No | 3.13x | 100% |
| November 2025 | $170.0M | Current | No | 3.13x | 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 |
|---|---|---|---|---|
| GS Mortgage Securities Trust 2019-GC39 | 3 | $65,000,000 | Oct 2026 | SEC filing, October 22, 2026 |
| GS Mortgage Securities Trust 2019-GC40 | 5 | $62,500,000 | Oct 2026 | SEC filing, October 22, 2026 |
| Benchmark 2019-B11 Mortgage Trust | 9 | $42,500,000 | Sep 2026 | SEC filing, September 28, 2026 |
Other San Jose-Sunnyvale-Santa Clara loans due in 2029
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| Moffett Towers II | Sunnyvale, CA | Office | $180.3M | 3.764% | Jul 2029 | n/a | n/a | Current |
| Moffett Towers Building D | Sunnyvale, CA | Office | $145.0M | 6.96% | Aug 2029 | 1.73x | 100% | Current |
| Western Digital Milpitas Campus | Milpitas, CA | Industrial | $126.0M | 6.844% | Feb 2029 | 1.83x | 100% | Current |
| Moffett Towers II - Buildings 3 & 4 | Sunnyvale, CA | Office | $114.8M | 3.764% | Jul 2029 | 2.32x | 100% | Current |
| 899 West Evelyn | Mountain View, CA | Office | $75.0M | 3.236% | Nov 2029 | 3.51x | 100% | Current |
| 600 & 620 National Avenue | Mountain View, CA | Office | $69.0M | 3.688% | Sep 2029 | 2.08x | 100% | Current |
| 620 National | Mountain View, CA | Office | $69.0M | 3.688% | Sep 2029 | 2.08x | 100% | Current |
| AC by Marriott San Jose | San Jose, CA | Hotel | $60.0M | 4.93% | Apr 2029 | n/a | n/a | Current |
All loans maturing in 2029 · All San Jose-Sunnyvale-Santa Clara 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.