Office · La Jolla, California
Torrey Executive Centre
Torrey Executive Centre is financed with a $22.6M CMBS loan at 4.55% that reaches maturity on October 6, 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
- $22,633,968
- Original balance (same notes)
- $25,200,000
- Interest rate
- 4.55% fixed
- Originated
- September 11, 2017
- Maturity
- October 6, 2027
- Payments
- Interest only for 36 months, then amortizing
- Prepayment lockout ends
- June 2, 2027
- Master servicer
- Midland Loan Services
- Originator
- Cantor Commercial Real Estate
Status
- Payment status
- Current (code 0)
- Special servicing
- No transfer reported
- Defeasance
- None reported
The property
- Address
- 3301-3305 North Torrey Pines, La Jolla, CA 92037
- Metro
- San Diego-Chula Vista-Carlsbad, CA
- Rentable area
- 60,278 sq ft
- Built
- 1977
- Largest tenants
- The Scripps Research Center
- Value at securitization
- $37.9M (Jun 2017)
Performance
| At securitization | Latest (Jun 2026) | |
|---|---|---|
| DSCR (NOI) | 1.79x | 1.78x |
| Occupancy | 100% | 100% |
| Net operating income (annualized from 6 months) | $2.1M | $5.5M |
| Debt yield | 24.5% |
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 CITIGROUP COMMERCIAL MORTGAGE TRUST 2017-C4 filing for the reporting period ending September 8, 2026, filed with the SEC September 25, 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 166% above the underwritten figure ($5.5M a year against $2.1M; the latest statement covers 6 months, annualized).
The last 12 monthly reports
| Report month | Balance | Payment status | Special servicer | DSCR | Occupancy |
|---|---|---|---|---|---|
| September 2026 | $22.6M | Current | No | 1.78x | 100% |
| August 2026 | $22.7M | Current | No | 1.78x | 100% |
| July 2026 | $22.7M | Current | No | n/a | n/a |
| June 2026 | $22.8M | Current | No | n/a | n/a |
| May 2026 | $22.8M | Current | No | n/a | n/a |
| April 2026 | $22.8M | Current | No | 1.61x | 100% |
| March 2026 | $22.9M | Current | No | 1.61x | 100% |
| February 2026 | $22.9M | Current | No | 1.61x | 100% |
| January 2026 | $23.0M | Current | No | 1.69x | 100% |
| December 2025 | $23.0M | Current | No | 1.69x | 100% |
| November 2025 | $23.0M | Current | No | 1.69x | 100% |
| October 2025 | $23.1M | Current | No | 1.73x | 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 |
|---|---|---|---|---|
| CITIGROUP COMMERCIAL MORTGAGE TRUST 2017-C4 | 13 | $22,633,968 | Sep 2026 | SEC filing, September 25, 2026 |
Other San Diego-Chula Vista-Carlsbad loans due in 2027
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| Petco Corporate Headquarters | San Diego, CA | Office | $71.5M | 4.168% | Aug 2027 | 2.88x | 100% | Current |
| U.s. Grant Hotel | San Diego, CA | Hotel | $41.7M | 5.523% | Mar 2027 | 0.57x | 73% | Current |
| Pinnacle Medical Plaza | San Diego, CA | Office | $29.0M | 4.30% | Sep 2027 | 2.58x | 96% | Current |
| Manchester Financial Building | La Jolla, CA | Mixed use | $22.9M | 4.50% | Oct 2027 | 1.18x | 76% | Current |
| Trade Center | San Diego, CA | Industrial | $13.5M | 4.45% | Jun 2027 | 3.24x | 98% | Current |
| Mission Gorge Square | Santee, CA | Retail | $12.5M | 3.83% | May 2027 | 4.35x | 96% | Current |
| Camino Vida Roble | Carlsbad, CA | Mixed use | $12.0M | 4.84% | Apr 2027 | 3.21x | 100% | Current |
| Best Western Plus Marina Gateway | National City, CA | Hotel | $12.0M | 4.579% | Jul 2027 | 3.49x | 93% | Current |
All loans maturing in 2027 · All San Diego-Chula Vista-Carlsbad loans
Source: each trust's ABS-EE asset-data exhibit (Regulation AB Schedule AL) on SEC EDGAR, reporting period ending September 8, 2026. Servicers report these figures; cmbs.news does not audit them. How this page is built.