Office · Folsom, California
Parkshore Plaza
Parkshore Plaza is financed with a $43.6M CMBS loan at 3.31% that reaches maturity on November 1, 2031, in 5 years. As of the Sep 2026 servicer report, the latest filed for this loan, its status is current.
The loan
- Balance in tracked trusts
- $43,600,000
- Original balance (same notes)
- $43,600,000
- Interest rate
- 3.31% fixed
- Originated
- October 8, 2021
- Maturity
- November 1, 2031
- Payments
- Amortizing over 30 years
- Master servicer
- KeyBank Real Estate Capital
- Originator
- KeyBank
Status
- Payment status
- Not reported
- Special servicing
- No transfer reported
- Defeasance
- Partly defeased
The property
- Address
- 255 Parkshore Dr, Folsom, CA 95630
- Metro
- Sacramento-Roseville-Folsom, CA
- Rentable area
- 271,484 sq ft
- Built
- 1999, renovated 2017
- Largest tenants
- Taxesources Inc; NEC Corporation of America; Morton & Pitalo
- Value at securitization
- $71.2M (Aug 2021)
Performance
| At securitization | Latest (Jun 2026) | |
|---|---|---|
| DSCR (NOI) | n/a | 2.21x |
| Occupancy | 95% | 50% |
| Net operating income (annualized from 6 months) | n/a | $3.3M |
| Debt yield | 7.5% |
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 BBCMS Mortgage Trust 2021-C12 filing for the reporting period ending September 11, 2026, filed with the SEC September 29, 2026.
- Occupancy down 10 points or more from securitization
- Largest tenant's lease ends within 12 months
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 95% when the loan was securitized to 50%.
- The filing gives Sep 2027 as the lease end date for the largest tenant (Taxesources Inc), 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 | $43.6M | Not reported | No | 2.21x | 50% |
| August 2026 | $43.6M | Not reported | No | 2.21x | 50% |
| July 2026 | $43.6M | Not reported | No | 2.74x | 50% |
| June 2026 | $43.6M | Not reported | No | 2.93x | 50% |
| May 2026 | $43.6M | Not reported | No | 2.93x | 50% |
| April 2026 | $43.6M | Not reported | No | 2.93x | 76% |
| March 2026 | $43.6M | Not reported | No | 2.93x | 74% |
| February 2026 | $43.6M | Not reported | No | 2.93x | 74% |
| January 2026 | $43.6M | Not reported | No | 2.93x | 74% |
| December 2025 | $43.6M | Not reported | No | 2.93x | 74% |
| November 2025 | $43.6M | Not reported | No | 2.93x | 74% |
| October 2025 | $43.6M | Not reported | No | 3.03x | 73% |
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 2021-C12 | 5 | $43,600,000 | Sep 2026 | SEC filing, September 29, 2026 |
Other Sacramento-Roseville-Folsom loans due in 2031
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| The Ziggurat | West Sacramento, CA | Office | $59.1M | 3.13% | Aug 2031 | n/a | n/a | Current |
| 1625 & 1747 North Market | Sacramento, CA | Office | $38.2M | 3.82% | May 2031 | 1.96x | 98% | Current |
| Olympus Corporate Center | Roseville, CA | Office | $25.3M | 3.59% | Apr 2031 | 2.59x | 85% | Current |
| CAL OES Portfolio | Sacramento, CA | Industrial | $18.5M | 3.53% | Oct 2031 | n/a | n/a | Current |
| Stockton Plaza | Sacramento, CA | Retail | $18.5M | 3.28% | Sep 2031 | 2.33x | 91% | Current |
| Mulberry Estates | Sacramento, CA | Multifamily | $9.6M | 6.68% | Sep 2031 | n/a | n/a | Current |
| Norwood Business Park | Sacramento, CA | Industrial | $9.3M | 2.845% | Dec 2031 | 3.35x | 92% | Current |
| Madison West Business Park | North Highlands, CA | Industrial | $8.8M | 2.845% | Dec 2031 | 4.90x | 100% | Current |
All loans maturing in 2031 · All Sacramento-Roseville-Folsom 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.