Industrial · Tempe, Arizona
The Hub, Tempe
The Hub is financed with a $8.8M CMBS loan at 7.488% that reaches maturity on August 6, 2029, in 2 years and 9 months. As of the Sep 2026 servicer report, the latest filed for this loan, its status is current.
The loan
- Balance in tracked trusts
- $8,800,000
- Original balance (same notes)
- $8,800,000
- Interest rate
- 7.488% fixed
- Originated
- July 25, 2024
- Maturity
- August 6, 2029
- Payments
- Amortizing
- Master servicer
- KeyBank Real Estate Capital
- Originator
- GACC
Status
- Payment status
- Not reported
- Special servicing
- No transfer reported
- Defeasance
- None reported
The property
- Address
- 2626 South Hardy Drive, Tempe, AZ 85282
- Metro
- Phoenix-Mesa-Chandler, AZ
- Rentable area
- 50,400 sq ft
- Built
- 1968, renovated 2021
- Largest tenants
- Phoenix Bouldering Project
- Value at securitization
- $15.9M (May 2024)
Performance
| At securitization | Latest (Jun 2026) | |
|---|---|---|
| DSCR (NOI) | n/a | 1.34x |
| Occupancy | 100% | 100% |
| Net operating income (annualized from 6 months) | n/a | $903K |
| Debt yield | 10.3% |
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 BBCMS Mortgage Trust 2024-5C29 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.
The last 12 monthly reports
| Report month | Balance | Payment status | Special servicer | DSCR | Occupancy |
|---|---|---|---|---|---|
| September 2026 | $8.8M | Not reported | No | 1.34x | 100% |
| August 2026 | $8.8M | Not reported | No | 1.34x | 100% |
| July 2026 | $8.8M | Not reported | No | 1.50x | 100% |
| June 2026 | $8.8M | Not reported | No | 1.50x | 100% |
| May 2026 | $8.8M | Not reported | No | 1.50x | 100% |
| April 2026 | $8.8M | Not reported | No | 1.50x | 100% |
| March 2026 | $8.8M | Not reported | No | 1.50x | 100% |
| February 2026 | $8.8M | Not reported | No | 1.50x | 100% |
| January 2026 | $8.8M | Not reported | No | 1.47x | 100% |
| December 2025 | $8.8M | Not reported | No | 1.47x | 100% |
| November 2025 | $8.8M | Not reported | No | 1.41x | 100% |
| October 2025 | $8.8M | Not reported | No | 1.41x | 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 |
|---|---|---|---|---|
| BBCMS Mortgage Trust 2024-5C29 | 34 | $8,800,000 | Sep 2026 | SEC filing, September 29, 2026 |
Other Phoenix-Mesa-Chandler loans due in 2029
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| 3900 Camelback | Phoenix, AZ | Office | $37.5M | 3.48% | Dec 2029 | 1.93x | 24% | Current |
| 4041 Central | Phoenix, AZ | Office | $36.7M | 3.66% | Oct 2029 | 1.90x | 71% | Delinquent |
| Embassy Suites Scottsdale | Scottsdale, AZ | Hotel | $35.5M | 5.915% | Feb 2029 | 2.02x | 81% | Current |
| Riverwalk Business Park | Scottsdale, AZ | Office | $34.5M | 7.718% | Dec 2029 | 2.39x | 95% | Current |
| Papago Gateway Center | Tempe, AZ | Office | $34.0M | 8.248% | Mar 2029 | 2.33x | 99% | Current |
| Marriott Phoenix Airport | Phoenix, AZ | Hotel | $33.9M | 4.128% | Dec 2029 | 3.79x | 69% | Current |
| Scottsdale Center | Scottsdale, AZ | Office | $24.4M | 5.145% | Jan 2029 | 2.68x | 98% | Current |
| Greenway Park Plaza | Phoenix, AZ | Retail | $19.0M | 3.80% | Oct 2029 | 2.00x | 97% | Current |
All loans maturing in 2029 · All Phoenix-Mesa-Chandler loans
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.