Office · Los Angeles, California
One Wilshire, Los Angeles (2035 maturity)
Public CMBS trusts hold $193.3M of the loan on One Wilshire at 2.776% that reaches maturity on January 6, 2035, in 8 years and 2 months. As of the Sep 2026 servicer report, the latest filed for this loan, its status is current.
The loan
- Balance in tracked trusts
- $193,250,000
- Original balance (same notes)
- $193,250,000
- Interest rate
- 2.776% fixed
- Originated
- December 22, 2021
- Maturity
- January 6, 2035
- Payments
- Interest only for the full term
- Prepayment lockout ends
- July 5, 2031
- Master servicer
- Midland Loan Services
- Originator
- Goldman Sachs Bank USA
Status
- Payment status
- Current (code 0)
- Special servicing
- No transfer reported
- Defeasance
- None reported
The property
- Address
- 624 South Grand Avenue, Los Angeles, CA 90017
- Metro
- Los Angeles-Long Beach-Anaheim, CA
- Rentable area
- 661,553 sq ft
- Built
- 1967, renovated 1992
- Largest tenants
- Coresite One Wilshire, LLC; Crown Castle Fiber; zColo,LLC (Zayo Grou)
- Value at securitization
- $913.0M (Nov 2021)
Performance
| At securitization | Latest (Jun 2026) | |
|---|---|---|
| DSCR (NOI) | 3.42x | 6.59x |
| Occupancy | 87% | 64% |
| Net operating income | $37.5M | $35.9M |
| Debt yield | 18.6% |
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 Citigroup Commercial Mortgage Trust 2022-GC48 filing for the reporting period ending September 11, 2026, filed with the SEC September 28, 2026.
- Occupancy down 10 points or more from securitization
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 fallen from 87% when the loan was securitized to 64%.
- Debt service coverage moved from 3.42x at securitization to 6.59x on the latest statements.
- The filing gives Jul 2029 as the lease end date for the largest tenant (Coresite One Wilshire, LLC), 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 | $193.3M | Current | No | 6.59x | 64% |
| August 2026 | $193.3M | Current | No | 3.32x | 64% |
| July 2026 | $193.3M | Current | No | 3.32x | 64% |
| June 2026 | $193.3M | Current | No | 7.69x | 64% |
| May 2026 | $193.3M | Current | No | 7.69x | 64% |
| April 2026 | $193.3M | Current | No | 3.07x | n/a |
| March 2026 | $193.3M | Current | No | 3.07x | n/a |
| February 2026 | $193.3M | Current | No | 3.07x | n/a |
| January 2026 | $193.3M | Current | No | 3.07x | n/a |
| December 2025 | $193.3M | Current | No | 6.18x | n/a |
| November 2025 | $193.3M | Current | No | 6.18x | n/a |
| October 2025 | $193.3M | Current | No | 6.18x | 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.
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 |
|---|---|---|---|---|
| Benchmark 2022-B32 Mortgage Trust | 5 | $90,000,000 | Sep 2026 | SEC filing, September 28, 2026 |
| Benchmark 2022-B33 Mortgage Trust | 1 | $80,000,000 | Sep 2026 | SEC filing, September 28, 2026 |
| Citigroup Commercial Mortgage Trust 2022-GC48 | 9 | $23,250,000 | Sep 2026 | SEC filing, September 28, 2026 |
Other Los Angeles-Long Beach-Anaheim loans due in 2035
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| The Shops at Mission Viejo | Mission Viejo, CA | Retail | $155.0M | 6.725% | Jan 2035 | 1.82x | 90% | Current |
| Discovery Business Center | Irvine, CA | Office | $150.0M | 5.987% | Feb 2035 | n/a | n/a | Current |
| Market Place Center | Irvine, CA | Office | $135.0M | 5.552% | Sep 2035 | n/a | n/a | Current |
| 660 Newport Center Drive | Newport Beach, CA | Office | $80.0M | 5.757% | Mar 2035 | 1.91x | 90% | Current |
| The Hollywood Collection | Los Angeles, CA | Retail | $49.7M | 6.68% | Jul 2035 | 1.47x | 68% | Late, less than 30 days |
| Hacienda Center | Hacienda Heights, CA | Retail | $45.0M | 6.60% | Sep 2035 | 1.40x | 95% | Current |
| Foothill Tech Center | Monrovia, CA | Office | $32.0M | 6.336% | Nov 2035 | 1.10x | 85% | Current |
| Shops at Mission Viejo | Mission Viejo, CA | Retail | $25.0M | 6.725% | Jan 2035 | 1.87x | 90% | Current |
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.