Retail · Sparks, Nevada
Sparks Galleria
Sparks Galleria is financed with a $23.5M CMBS loan at 3.13% that reaches maturity on October 6, 2029, in 2 years and 11 months. As of the Sep 2026 servicer report, the latest filed for this loan, its status is current.
The loan
- Balance in tracked trusts
- $23,523,500
- Original balance (same notes)
- $23,523,500
- Interest rate
- 3.13% fixed
- Originated
- October 4, 2019
- Maturity
- October 6, 2029
- Payments
- Interest only for the full term
- Prepayment lockout ends
- April 5, 2029
- Master servicer
- Midland Loan Services
- Originator
- DBR Investments Co. Limited
Status
- Payment status
- Current (code 0)
- Special servicing
- No transfer reported
- Defeasance
- None reported
The property
- Address
- 4711-4760 Galleria Parkway and 151-255 Disc Drive, Sparks, NV 89436
- Metro
- Reno, NV
- Rentable area
- 210,416 sq ft
- Built
- 2005
- Largest tenants
- Fitness Connection; Marshalls; Sprouts #511
- Value at securitization
- $36.6M (Aug 2019)
Performance
| At securitization | Latest | |
|---|---|---|
| DSCR (NOI) | 3.56x | n/a |
| Occupancy | 89% | n/a |
| Net operating income | $2.7M | n/a |
Watch flags
Computed from the Benchmark 2019-B14 Mortgage Trust filing for the reporting period ending September 11, 2026, filed with the SEC September 28, 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
- The filing gives Dec 2028 as the lease end date for the largest tenant (Fitness Connection), 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 | $23.5M | Current | No | n/a | n/a |
| August 2026 | $23.5M | Current | No | n/a | n/a |
| July 2026 | $23.5M | Current | No | n/a | n/a |
| June 2026 | $23.5M | Current | No | n/a | n/a |
| May 2026 | $23.5M | Current | No | n/a | n/a |
| April 2026 | $23.5M | Current | No | 4.08x | 91% |
| March 2026 | $23.5M | Current | No | 4.08x | 91% |
| February 2026 | $23.5M | Current | No | 4.08x | 91% |
| January 2026 | $23.5M | Current | No | 4.08x | 91% |
| December 2025 | $23.5M | Current | No | 4.08x | 91% |
| November 2025 | $23.5M | Current | No | 4.08x | 91% |
| October 2025 | $23.5M | Current | No | 4.08x | 91% |
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 |
|---|---|---|---|---|
| Benchmark 2019-B14 Mortgage Trust | 25 | $23,523,500 | Sep 2026 | SEC filing, September 28, 2026 |
Other Reno loans due in 2029
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| Sierra Center Office Building | Reno, NV | Office | $6.3M | 4.62% | Apr 2029 | 1.85x | 100% | Current |
| Rolling Wheel Mhc | Reno, NV | Manufactured housing | $2.8M | 4.895% | Jan 2029 | 3.68x | 100% | Current |
| Waters Edge Apartments - Nv | Reno, NV | Multifamily | $2.3M | 3.65% | Sep 2029 | 6.18x | 95% | 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.