Office · Herndon, Virginia
One Dulles Tower
Public CMBS trusts hold $152.0M of the loan on One Dulles Tower at 3.986% that reaches its anticipated repayment date on March 11, 2028, in 16 months. As of the Sep 2026 servicer report, the latest filed for this loan, its status is current.
The loan
- Balance in tracked trusts
- $152,000,000
- Original balance (same notes)
- $152,000,000
- Interest rate
- 3.986% fixed
- Originated
- February 28, 2018
- Maturity
- September 30, 2029
- Anticipated repayment date
- March 11, 2028 (the rate steps up if the loan is not repaid by then)
- Payments
- Interest only for the full term
- Prepayment lockout ends
- December 10, 2027
- Master servicer
- Trimont LLC
- Originator
- Wells Fargo Bank, National Association
Status
- Payment status
- Current (code 0)
- Special servicing
- No transfer reported
- Defeasance
- None reported
The property
- Address
- 13200 Woodland Park Road, Herndon, VA 20171
- Metro
- Washington-Arlington-Alexandria, DC-VA-MD-WV
- Rentable area
- 403,622 sq ft
- Built
- 2002, renovated 2018
- Largest tenants
- Amazon Corporate LLC
- Value at securitization
- $212.5M (Jan 2018)
Performance
| At securitization | Latest (Jun 2026) | |
|---|---|---|
| DSCR (NOI) | 2.18x | 2.32x |
| Occupancy | 100% | 100% |
| Net operating income | $13.4M | $14.3M |
| Debt yield | 9.4% |
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 BANK 2018-BNK11 filing for the reporting period ending September 11, 2026, filed with the SEC October 1, 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 6% above the underwritten figure ($14.3M a year against $13.4M).
- Debt service coverage moved from 2.18x at securitization to 2.32x on the latest statements.
The last 12 monthly reports
| Report month | Balance | Payment status | Special servicer | DSCR | Occupancy |
|---|---|---|---|---|---|
| September 2026 | $152.0M | Current | No | 2.32x | 100% |
| August 2026 | $152.0M | Current | No | 2.32x | 100% |
| July 2026 | $152.0M | Current | No | 2.30x | 100% |
| June 2026 | $152.0M | Current | No | 2.30x | 100% |
| May 2026 | $152.0M | Current | No | 2.29x | 100% |
| April 2026 | $152.0M | Current | No | 2.29x | 100% |
| March 2026 | $152.0M | Current | No | 2.29x | 100% |
| February 2026 | $152.0M | Current | No | 2.29x | 100% |
| January 2026 | $152.0M | Current | No | 2.25x | 100% |
| December 2025 | $152.0M | Current | No | 2.25x | 100% |
| November 2025 | $152.0M | Current | No | 2.21x | 100% |
| October 2025 | $152.0M | Current | No | 2.21x | 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 2 notes held by different trusts. Each trust reports its own piece.
| Trust | Loan no. | Balance | Report period | Source |
|---|---|---|---|---|
| BANK 2018-BNK12 | 2 | $89,000,000 | Sep 2026 | SEC filing, September 29, 2026 |
| BANK 2018-BNK11 | 4 | $63,000,000 | Sep 2026 | SEC filing, October 1, 2026 |
Other Washington-Arlington-Alexandria 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 |
| Village at Leesburg | Leesburg, VA | Retail | $124.3M | 4.758% | Apr 2028 | 1.19x | 96% | Current |
| Extra Space Washington | Washington, DC | Self storage | $105.0M | 4.532% | Mar 2028 | n/a | n/a | Current |
| Sentinel Square II | Washington, DC | Office | $104.0M | 6.05% | Dec 2028 | 1.18x | 94% | Current |
| Braddock Metro Center | Alexandria, VA | Office | $71.6M | 4.57% | Feb 2028 | 1.01x | 81% | With the special servicer and 90+ days delinquent |
| Ellsworth Place | Silver Spring, MD | Retail | $64.5M | 5.01% | Aug 2028 | 1.31x | 91% | With the special servicer and 90+ days delinquent |
| South Lake at Dulles | Herndon, VA | Office | $60.5M | 6.058% | Mar 2028 | 2.36x | 100% | Current |
| Commonwealth Centre | Chantilly, VA | Office | $49.0M | 3.986% | May 2028 | 3.25x | 100% | Current |
All loans maturing in 2028 · All Washington-Arlington-Alexandria 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.