Office · Colorado Springs, Colorado
Platte Airpark Tech Campus
Platte Airpark Tech Campus is financed with a $14.6M CMBS loan at 3.759% that reaches maturity on November 6, 2029, in 3 years. As of the Sep 2026 servicer report, the latest filed for this loan, its status is current.
The loan
- Balance in tracked trusts
- $14,615,684
- Original balance (same notes)
- $16,500,000
- Interest rate
- 3.759% fixed
- Originated
- October 25, 2019
- Maturity
- November 6, 2029
- Payments
- Interest only for 12 months, then amortizing
- Prepayment lockout ends
- August 5, 2029
- Master servicer
- Trimont LLC
- Originator
- Argentic Real Estate Finance LLC
Status
- Payment status
- Current (code 0)
- Special servicing
- No transfer reported
- Defeasance
- None reported
The property
- Address
- 320-480 Wooten Road, Colorado Springs, CO 80916
- Metro
- Colorado Springs, CO
- Rentable area
- 137,423 sq ft
- Built
- 2001
- Largest tenants
- Lockheed Martin IMS; Boeing Company; CACI
- Value at securitization
- $23.6M (Sep 2019)
Performance
| At securitization | Latest (Jun 2026) | |
|---|---|---|
| DSCR (NOI) | 2.16x | 2.69x |
| Occupancy | 100% | 100% |
| Net operating income (annualized from 6 months) | $2.0M | $2.5M |
| Debt yield | 17.0% |
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 2019-C54 filing for the reporting period ending September 11, 2026, filed with the SEC September 29, 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 26% above the underwritten figure ($2.5M a year against $2.0M; the latest statement covers 6 months, annualized).
- Debt service coverage moved from 2.16x at securitization to 2.69x on the latest statements.
- The filing gives Dec 2028 as the lease end date for the largest tenant (Lockheed Martin IMS), 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 | $14.6M | Current | No | 2.69x | 100% |
| August 2026 | $14.6M | Current | No | 2.69x | 100% |
| July 2026 | $14.7M | Current | No | 2.65x | 100% |
| June 2026 | $14.7M | Current | No | 2.65x | 100% |
| May 2026 | $14.7M | Current | No | 2.41x | 100% |
| April 2026 | $14.8M | Current | No | 2.41x | 100% |
| March 2026 | $14.8M | Current | No | 2.49x | 100% |
| February 2026 | $14.8M | Current | No | 2.49x | 100% |
| January 2026 | $14.9M | Current | No | 2.49x | 100% |
| December 2025 | $14.9M | Current | No | 2.49x | 100% |
| November 2025 | $14.9M | Current | No | 2.49x | 100% |
| October 2025 | $14.9M | Current | No | 2.26x | 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
One trust holds this loan in the data.
| Trust | Loan no. | Balance | Report period | Source |
|---|---|---|---|---|
| Wells Fargo Commercial Mortgage Trust 2019-C54 | 17 | $14,615,684 | Sep 2026 | SEC filing, September 29, 2026 |
Other Colorado Springs loans due in 2029
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| Cheyenne Mountain Resort | Colorado Springs, CO | Hotel | $75.0M | 7.45% | Nov 2029 | 1.47x | 59% | Current |
| Citadel Crossing - Colorado Springs | Colorado Springs, CO | Retail | $41.0M | 8.13% | Jun 2029 | 1.13x | 93% | Current |
| Colorado Square | Colorado Springs, CO | Office | $32.2M | 4.10% | Aug 2029 | n/a | n/a | Current |
| DoubleTree Colorado Springs | Colorado Springs, CO | Hotel | $23.7M | 4.90% | May 2029 | 2.66x | 68% | Current |
| Woodmen Corporate Center | Colorado Springs, CO | Office | $8.5M | 4.87% | Feb 2029 | 2.66x | 76% | Current |
| Fillmore Crossing | Colorado Springs, CO | Multifamily | $7.6M | 4.73% | May 2029 | 2.76x | 96% | Current |
| Fairfield Inn & Suites - Colorado Springs North | Colorado Springs, CO | Hotel | $6.3M | 5.10% | Apr 2029 | 0.16x | 55% | Current |
| Fairway Plaza & Markets at Maizeland | Colorado Springs, CO | Retail | $5.6M | 5.70% | Jul 2029 | 1.70x | 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.