Retail · Tucson, Arizona
St. Marys Plaza
St. Marys Plaza is financed with a $6.5M CMBS loan at 4.09% that reaches maturity on October 1, 2027, in 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
- $6,500,000
- Original balance (same notes)
- $6,500,000
- Interest rate
- 4.09% fixed
- Originated
- September 28, 2017
- Maturity
- October 1, 2027
- Payments
- Interest only for the full term
- Prepayment lockout ends
- June 30, 2027
- Master servicer
- Trimont LLC
- Originator
- Morgan Stanley Bank, N.A.
Status
- Payment status
- Current (code 0)
- Special servicing
- No transfer reported
- Defeasance
- None reported
The property
- Address
- 1501-1551 West St. Marys Road, Tucson, AZ 85745
- Metro
- Tucson, AZ
- Rentable area
- 78,204 sq ft
- Built
- 1980
- Largest tenants
- Safeway; Dollar Tree; O'Reilly Auto Parts
- Value at securitization
- $10.7M (Aug 2017)
Performance
| At securitization | Latest (Jun 2026) | |
|---|---|---|
| DSCR (NOI) | 2.71x | 2.41x |
| Occupancy | 92% | 98% |
| Net operating income (annualized from 6 months) | $730K | $654K |
| Debt yield | 10.1% |
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 BANK 2017-BNK8 filing for the reporting period ending September 11, 2026, filed with the SEC October 1, 2026.
- Coverage down 0.25x or more from securitization
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 risen from 92% when the loan was securitized to 98%.
- Net operating income is 10% below the underwritten figure ($654K a year against $730K; the latest statement covers 6 months, annualized).
- Debt service coverage moved from 2.71x at securitization to 2.41x on the latest statements.
The last 12 monthly reports
| Report month | Balance | Payment status | Special servicer | DSCR | Occupancy |
|---|---|---|---|---|---|
| September 2026 | $6.5M | Current | No | 2.41x | 98% |
| August 2026 | $6.5M | Current | No | 2.41x | 98% |
| July 2026 | $6.5M | Current | No | 2.92x | 98% |
| June 2026 | $6.5M | Current | No | 2.92x | 98% |
| May 2026 | $6.5M | Current | No | 2.49x | 98% |
| April 2026 | $6.5M | Current | No | 2.49x | 98% |
| March 2026 | $6.5M | Current | No | 2.52x | 98% |
| February 2026 | $6.5M | Current | No | 2.52x | 98% |
| January 2026 | $6.5M | Current | No | 2.52x | 98% |
| December 2025 | $6.5M | Current | No | 2.52x | 98% |
| November 2025 | $6.5M | Current | No | 2.52x | 98% |
| October 2025 | $6.5M | Current | No | 2.77x | 98% |
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 |
|---|---|---|---|---|
| BANK 2017-BNK8 | 28 | $6,500,000 | Sep 2026 | SEC filing, October 1, 2026 |
Other Tucson loans due in 2027
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| Colonia Verde | Tucson, AZ | Retail | $16.4M | 4.872% | Nov 2027 | 1.27x | 98% | Current |
| Crossroads Festival Retail Center | Tucson, AZ | Retail | $15.5M | 4.43% | Jun 2027 | 1.79x | 98% | Current |
| 4400 Broadway | Tucson, AZ | Office | $8.2M | 4.52% | Oct 2027 | 1.50x | 92% | Current |
| Rita Ranch I | Tucson, AZ | Retail | $6.2M | 4.90% | Jun 2027 | 1.66x | 100% | Current |
| Orange Grove Medical Plaza | Tucson, AZ | Office | $4.6M | 4.29% | Oct 2027 | 2.59x | 100% | Current |
| Comfort Suites Tucson | Tucson, AZ | Hotel | $3.1M | 5.487% | May 2027 | 2.94x | 71% | Current |
| Shops at Oro Vista | Oro Valley, AZ | Retail | $2.9M | 4.85% | Jul 2027 | n/a | n/a | 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.