Retail · San Francisco, California
One Stockton
Public CMBS trusts hold $66.0M of the loan on One Stockton at 4.04% that reaches maturity on December 6, 2029, in 3 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
- $66,000,000
- Original balance (same notes)
- $66,000,000
- Interest rate
- 4.04% fixed
- Originated
- November 15, 2019
- Maturity
- December 6, 2029
- Payments
- Interest only for the full term
- Prepayment lockout ends
- September 5, 2029
- Master servicer
- Trimont LLC
- Originator
- Barclays Capital Real Estate Inc.
Status
- Payment status
- Current (code 0)
- Special servicing
- Transferred January 2, 2024, returned December 6, 2024
- Workout strategy
- Resolved
- Modified
- Yes, most recently October 6, 2026
- Defeasance
- None reported
The property
- Address
- 1 Stockton Street, San Francisco, CA 94108
- Metro
- San Francisco-Oakland-Fremont, CA
- Rentable area
- 16,987 sq ft
- Built
- 1973, renovated 2016
- Largest tenants
- T-MOBILE
- Value at securitization
- $111.0M (Oct 2019)
Performance
| At securitization | Latest (Jun 2026) | |
|---|---|---|
| DSCR (NOI) | 1.84x | -0.37x |
| Occupancy | 100% | 100% |
| Net operating income (annualized from 6 months) | $5.0M | $-1.0M |
| Debt yield | -1.5% |
Debt yield here is the latest NOI divided by the balance held in the trusts below. If part of the loan sits outside them, the true figure is lower.
Watch flags
Computed from the Wells Fargo Commercial Mortgage Trust 2020-C58 filing for the reporting period ending September 11, 2026, filed with the SEC September 29, 2026.
- Coverage below 1.00x
- Coverage down 0.25x or more from securitization
- NOI down 20% or more from securitization
- Largest tenant's lease ends within 12 months
- Modified
On the cmbs.news watch list in all 12 monthly reports we hold (October 2025 to September 2026).
cmbs.news's own rule-based labels on the filed fields (definitions), not a credit rating, a prediction or a view of the borrower.
What the filing shows
- Net operating income is 120% below the underwritten figure ($-1.0M a year against $5.0M; the latest statement covers 6 months, annualized).
- Debt service coverage moved from 1.84x at securitization to -0.37x on the latest statements.
- At -0.37x, the property's reported NOI does not cover its debt service.
- The filing gives Nov 2026 as the lease end date for the largest tenant (T-MOBILE), 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 | $66.0M | Current | No | -0.37x | 100% |
| August 2026 | $66.0M | Current | No | -0.37x | n/a |
| July 2026 | $66.0M | Current | No | -0.37x | n/a |
| June 2026 | $66.0M | Current | No | -0.37x | n/a |
| May 2026 | $66.0M | Current | No | -0.41x | n/a |
| April 2026 | $66.0M | Current | No | -0.41x | n/a |
| March 2026 | $66.0M | Current | No | -0.41x | n/a |
| February 2026 | $66.0M | Current | No | -0.41x | n/a |
| January 2026 | $66.0M | Current | No | -0.40x | n/a |
| December 2025 | $66.0M | Current | No | -0.40x | n/a |
| November 2025 | $66.0M | Current | No | -0.40x | n/a |
| October 2025 | $66.0M | Current | No | -0.44x | n/a |
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.
Special-servicing history
- Transferred to the special servicer January 2, 2024, returned to the master servicer December 6, 2024.
Transfer and return dates as reported in the filings of the past year; an earlier episode shows here only if a filing in that year still reports it.
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 |
|---|---|---|---|---|
| Wells Fargo Commercial Mortgage Trust 2020-C55 | 8 | $30,000,000 | Sep 2026 | SEC filing, September 29, 2026 |
| BBCMS Mortgage Trust 2020-C7 | 14 | $21,000,000 | Sep 2026 | SEC filing, September 29, 2026 |
| Wells Fargo Commercial Mortgage Trust 2020-C58 | 16 | $15,000,000 | Sep 2026 | SEC filing, September 29, 2026 |
Other San Francisco-Oakland-Fremont loans due in 2029
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| 560 Mission Street | San Francisco, CA | Office | $300.0M | 2.589% | Dec 2029 | 2.37x | 97% | Current |
| 101 California Street | San Francisco, CA | Office | $200.0M | 3.85% | Mar 2029 | 1.60x | 91% | Current |
| 350 Bush Street | San Francisco, CA | Office | $185.0M | 3.912% | May 2029 | 4.63x | 100% | Current |
| 188 Spear Street | San Francisco, CA | Office | $125.0M | 3.57% | Jun 2029 | 3.57x | 97% | With the special servicer |
| Nema San Francisco | San Francisco, CA | Multifamily | $75.0M | 4.436% | Feb 2029 | 1.34x | 97% | Current |
| Pleasanton Corporate Commons | Pleasanton, CA | Mixed use | $65.8M | 7.78% | May 2029 | 1.88x | 100% | Current |
| Central Tower | San Francisco, CA | Office | $63.7M | 4.06% | May 2029 | 1.11x | 34% | With the special servicer and 90+ days delinquent |
| 350 Rhode Island South | San Francisco, CA | Office | $62.5M | 4.143% | Mar 2029 | 0.56x | 70% | Current |
All loans maturing in 2029 · All San Francisco-Oakland-Fremont 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.