Retail · West Valley City, Utah
Walgreens West Valley Ut
Walgreens West Valley Ut is financed with a $3.4M CMBS loan at 3.80% that reaches maturity on November 1, 2029, in 3 years. As of the Sep 2026 servicer report, the latest filed for this loan, its status is current.
The loan
- Balance in tracked trusts
- $3,350,000
- Original balance (same notes)
- $3,350,000
- Interest rate
- 3.80% fixed
- Originated
- October 16, 2019
- Maturity
- November 1, 2029
- Payments
- Interest only for the full term
- Prepayment lockout ends
- July 31, 2029
- Master servicer
- Trimont LLC
- Originator
- MSBNA
Status
- Payment status
- Current (code 0)
- Special servicing
- No transfer reported
- Defeasance
- None reported
The property
- Address
- 5630 West 4100 South, West Valley City, UT 84128
- Metro
- Salt Lake City-Murray, UT
- Rentable area
- 15,048 sq ft
- Built
- 2000
- Largest tenants
- Walgreens
- Value at securitization
- $5.6M (Aug 2019)
Performance
| At securitization | Latest (Jun 2026) | |
|---|---|---|
| DSCR (NOI) | 2.62x | 2.25x |
| Occupancy | 100% | 100% |
| Net operating income (annualized from 6 months) | $338K | $292K |
| Debt yield | 8.7% |
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 2019-BNK23 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
- Net operating income is 14% below the underwritten figure ($292K a year against $338K; the latest statement covers 6 months, annualized).
- Debt service coverage moved from 2.62x at securitization to 2.25x on the latest statements.
The last 12 monthly reports
| Report month | Balance | Payment status | Special servicer | DSCR | Occupancy |
|---|---|---|---|---|---|
| September 2026 | $3.4M | Current | No | 2.25x | 100% |
| August 2026 | $3.4M | Current | No | 2.25x | 100% |
| July 2026 | $3.4M | Current | No | 2.25x | 100% |
| June 2026 | $3.4M | Current | No | 2.29x | 100% |
| May 2026 | $3.4M | Current | No | 2.29x | 100% |
| April 2026 | $3.4M | Current | No | 2.25x | 100% |
| March 2026 | $3.4M | Current | No | 2.25x | 100% |
| February 2026 | $3.4M | Current | No | 2.25x | 100% |
| January 2026 | $3.4M | Current | No | 2.20x | 100% |
| December 2025 | $3.4M | Current | No | 2.20x | 100% |
| November 2025 | $3.4M | Current | No | 2.20x | 100% |
| October 2025 | $3.4M | Current | No | 2.20x | 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 |
|---|---|---|---|---|
| BANK 2019-BNK23 | 45 | $3,350,000 | Sep 2026 | SEC filing, October 1, 2026 |
Other Salt Lake City-Murray loans due in 2029
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| City Creek Center | Salt Lake City, UT | Retail | $70.0M | 7.63% | May 2029 | 2.87x | 84% | Current |
| Raddon Union Heights | Sandy, UT | Office | $28.7M | 3.75% | Sep 2029 | 0.49x | 42% | With the special servicer and 60-89 days delinquent |
| 9th Street Marketplace | Murray, UT | Retail | $10.8M | 5.15% | Jan 2029 | 1.66x | 100% | Current |
| Onset Financial Building | Draper, UT | Office | $10.7M | 4.80% | Jun 2029 | 1.61x | 100% | Current |
| Brickyard Plaza | Salt Lake City, UT | Retail | $4.0M | 3.946% | Nov 2029 | 4.39x | 100% | Current |
All loans maturing in 2029 · All Salt Lake City-Murray 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.