Office · South Jordan, Utah
Parkway Tower
Parkway Tower is financed with a $5.6M CMBS loan at 5.059% that reaches maturity on March 6, 2028, in 16 months. As of the Oct 2026 servicer report its status is current.
The loan
- Balance in tracked trusts
- $5,598,580
- Original balance (same notes)
- $6,550,000
- Interest rate
- 5.059% fixed
- Originated
- February 21, 2018
- Maturity
- March 6, 2028
- Payments
- Amortizing over 30 years
- Prepayment lockout ended
- April 5, 2020
- Prepayment premium ends
- December 5, 2027 (yield maintenance)
- Master servicer
- Trimont LLC
- Originator
- Goldman Sachs Mortgage Company
Status
- Payment status
- Current (code 0)
- Special servicing
- No transfer reported
- Defeasance
- Partly defeased
The property
- Address
- 10542 South Jordan Gateway, South Jordan, UT 84095
- Metro
- Salt Lake City-Murray, UT
- Rentable area
- 48,458 sq ft
- Built
- 1999, renovated 2015
- Largest tenants
- Value Truck; Elevate PFS Holdings Inc.; Presidio Real Estate
- Value at securitization
- $8.8M (Jan 2018)
Performance
| At securitization | Latest (Jun 2026) | |
|---|---|---|
| DSCR (NOI) | 1.53x | 0.57x |
| Occupancy | 100% | 64% |
| Net operating income (annualized from 6 months) | $651K | $242K |
| Debt yield | 4.3% |
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 2018-GS9 filing for the reporting period ending October 6, 2026, filed with the SEC October 22, 2026.
- Coverage below 1.00x
- Coverage down 0.25x or more from securitization
- Occupancy down 10 points or more from securitization
- NOI down 20% or more from securitization
On the cmbs.news watch list in all 12 monthly reports we hold (November 2025 to October 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
- Occupancy has fallen from 100% when the loan was securitized to 64%.
- Net operating income is 63% below the underwritten figure ($242K a year against $651K; the latest statement covers 6 months, annualized).
- Debt service coverage moved from 1.53x at securitization to 0.57x on the latest statements.
- At 0.57x, the property's reported NOI does not cover its debt service.
The last 12 monthly reports
| Report month | Balance | Payment status | Special servicer | DSCR | Occupancy |
|---|---|---|---|---|---|
| October 2026 | $5.6M | Current | No | 0.57x | 64% |
| September 2026 | $5.6M | Late payment but less than 30 days delinquent | No | 0.61x | 64% |
| August 2026 | $5.6M | Late payment but less than 30 days delinquent | No | 0.61x | 64% |
| July 2026 | $5.6M | Late payment but less than 30 days delinquent | No | 0.61x | 64% |
| June 2026 | $5.6M | Current | No | 0.78x | 76% |
| May 2026 | $5.7M | Current | No | 0.78x | 76% |
| April 2026 | $5.7M | Current | No | 0.90x | 73% |
| March 2026 | $5.7M | Current | No | 0.90x | 73% |
| February 2026 | $5.7M | Current | No | 0.90x | 73% |
| January 2026 | $5.7M | Current | No | 0.90x | 73% |
| December 2025 | $5.7M | Current | No | 0.90x | 73% |
| November 2025 | $5.7M | Current | No | 0.90x | 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 |
|---|---|---|---|---|
| GS Mortgage Securities Trust 2018-GS9 | 28 | $5,598,580 | Oct 2026 | SEC filing, October 22, 2026 |
Other Salt Lake City-Murray loans due in 2028
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| Vista Station 8 | Draper, UT | Office | $26.9M | 4.948% | Jun 2028 | 1.99x | 100% | Current |
| Commons at Southtowne I | Sandy, UT | Retail | $25.5M | 4.622% | Jun 2028 | 2.30x | 100% | Current |
| Home2 Suites Salt Lake City East | Salt Lake City, UT | Hotel | $9.7M | 4.823% | May 2028 | 1.90x | 74% | Current |
| Country Square | Sandy, UT | Mixed use | $6.3M | 4.857% | Sep 2028 | 3.30x | 97% | Current |
| Kohls - Centerville | Centerville, UT | Retail | $5.3M | 4.92% | Oct 2028 | n/a | n/a | Current |
All loans maturing in 2028 · All Salt Lake City-Murray loans
Source: each trust's ABS-EE asset-data exhibit (Regulation AB Schedule AL) on SEC EDGAR, reporting period ending October 6, 2026. Servicers report these figures; cmbs.news does not audit them. How this page is built.