Retail · Yucca Valley, California
Rite Aid - Yucca Valley
Rite Aid - Yucca Valley is financed with a $4.4M CMBS loan at 3.94% that reaches maturity on November 6, 2030, in 4 years. As of the Sep 2026 servicer report, the latest filed for this loan, its status is with the special servicer.
The loan
- Balance in tracked trusts
- $4,441,721
- Original balance (same notes)
- $4,500,000
- Interest rate
- 3.94% fixed
- Originated
- October 30, 2020
- Maturity
- November 6, 2030
- Payments
- Interest only for 60 months, then amortizing
- Prepayment lockout ends
- August 5, 2030
- Master servicer
- Midland Loan Services
- Originator
- Citi Real Estate Funding Inc.
Status
- Payment status
- Late payment but less than 30 days delinquent (code B)
- Special servicing
- Transferred April 29, 2026
- Workout strategy
- Foreclosure
- Defeasance
- None reported
The property
- Address
- 57701 Twentynine Palms Highway, Yucca Valley, CA 57701
- Rentable area
- 18,026 sq ft
- Built
- 2011
- Value at securitization
- $7.5M (Oct 2020)
Performance
| At securitization | Latest (Mar 2026) | |
|---|---|---|
| DSCR (NOI) | 1.94x | -0.25x |
| Occupancy | 100% | n/a |
| Net operating income (annualized from 3 months) | $498K | $-65K |
| Debt yield | -1.5% |
Debt yield here is the latest NOI divided by the balance held in the trusts below. If part of the loan sits outside them, the true figure is lower.
Watch flags
Computed from the Benchmark 2020-B21 Mortgage Trust filing for the reporting period ending September 11, 2026, filed with the SEC September 28, 2026.
- With the special servicer
- Coverage below 1.00x
- Coverage down 0.25x or more from securitization
- NOI down 20% or more from securitization
On the cmbs.news watch list in every report since May 2026.
cmbs.news's own rule-based labels on the filed fields (definitions), not a credit rating, a prediction or a view of the borrower.
What the filing shows
- Net operating income is 113% below the underwritten figure ($-65K a year against $498K; the latest statement covers 3 months, annualized).
- Debt service coverage moved from 1.94x at securitization to -0.25x on the latest statements.
- At -0.25x, the property's reported NOI does not cover its debt service.
- The most recent valuation in the filing is $2.2M (July 15, 2026), against $7.5M at securitization.
The last 12 monthly reports
| Report month | Balance | Payment status | Special servicer | DSCR | Occupancy |
|---|---|---|---|---|---|
| September 2026 | $4.4M | Late payment but less than 30 days delinquent | Yes | -0.25x | n/a |
| August 2026 | $4.5M | 90+ days delinquent | Yes | -0.25x | n/a |
| July 2026 | $4.5M | 60-89 days delinquent | Yes | -0.25x | n/a |
| June 2026 | $4.5M | 30-59 days delinquent | Yes | -0.25x | n/a |
| May 2026 | $4.5M | Late payment but less than 30 days delinquent | Yes | -0.25x | n/a |
| April 2026 | $4.5M | Current | No | 1.19x | n/a |
| March 2026 | $4.5M | Current | No | 1.19x | n/a |
| February 2026 | $4.5M | Current | No | 1.19x | n/a |
| January 2026 | $4.5M | Current | No | 1.19x | n/a |
| December 2025 | $4.5M | Current | No | 1.19x | n/a |
| November 2025 | $4.5M | Current | No | 1.53x | 100% |
| October 2025 | $4.5M | Current | No | 1.53x | 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.
Special-servicing history
- Transferred to the special servicer April 29, 2026, still there.
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
One trust holds this loan in the data.
| Trust | Loan no. | Balance | Report period | Source |
|---|---|---|---|---|
| Benchmark 2020-B21 Mortgage Trust | 35 | $4,441,721 | Sep 2026 | SEC filing, September 28, 2026 |
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.