Industrial · Milpitas, California
Western Digital Milpitas Campus
Public CMBS trusts hold $126.0M of the loan on Western Digital Milpitas Campus at 6.844% that reaches maturity on February 11, 2029, in 2 years and 3 months. As of the Sep 2026 servicer report, the latest filed for this loan, its status is current.
The loan
- Balance in tracked trusts
- $126,000,000
- Original balance (same notes)
- $126,000,000
- Interest rate
- 6.844% fixed
- Originated
- February 9, 2024
- Maturity
- February 11, 2029
- Payments
- Interest only for the full term
- Prepayment lockout ended
- March 10, 2025
- Prepayment premium ends
- August 10, 2028 (yield maintenance)
- Master servicer
- KeyBank National Association
- Originator
- UBS AG
Status
- Payment status
- Current (code 0)
- Special servicing
- No transfer reported
- Defeasance
- None reported
The property
- Address
- 901, 951, 1001, 1051 Sandisk Drive 1101 Sandisk Drive, Milpitas, CA 95035
- Metro
- San Jose-Sunnyvale-Santa Clara, CA
- Rentable area
- 577,956 sq ft
- Built
- 1991, renovated 2012
- Largest tenants
- Western Digital Technologies, Inc.
- Value at securitization
- $197.0M (Sep 2023)
Performance
| At securitization | Latest (Mar 2026) | |
|---|---|---|
| DSCR (NOI) | 1.73x | 1.83x |
| Occupancy | 100% | 100% |
| Net operating income (annualized from 3 months) | $15.1M | $16.2M |
| Debt yield | 12.9% |
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 BANK5 Trust 2024-5YR6 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
- Net operating income is 7% above the underwritten figure ($16.2M a year against $15.1M; the latest statement covers 3 months, annualized).
The last 12 monthly reports
| Report month | Balance | Payment status | Special servicer | DSCR | Occupancy |
|---|---|---|---|---|---|
| September 2026 | $126.0M | Current | No | 1.83x | 100% |
| August 2026 | $126.0M | Current | No | 1.83x | 100% |
| July 2026 | $126.0M | Current | No | 1.83x | 100% |
| June 2026 | $126.0M | Current | No | 1.70x | 100% |
| May 2026 | $126.0M | Current | No | 1.77x | 100% |
| April 2026 | $126.0M | Current | No | 1.77x | 100% |
| March 2026 | $126.0M | Current | No | 1.77x | 100% |
| February 2026 | $126.0M | Current | No | 1.77x | 100% |
| January 2026 | $126.0M | Current | No | 1.77x | 100% |
| December 2025 | $126.0M | Current | No | 1.77x | 100% |
| November 2025 | $126.0M | Current | No | 1.77x | 100% |
| October 2025 | $126.0M | Current | No | 1.77x | 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
The loan is split into 4 notes held by different trusts. Each trust reports its own piece.
| Trust | Loan no. | Balance | Report period | Source |
|---|---|---|---|---|
| BBCMS Mortgage Trust 2024-5C25 | 4 | $63,000,000 | Sep 2026 | SEC filing, September 29, 2026 |
| BANK5 Trust 2024-5YR6 | 3 | $30,000,000 | Sep 2026 | SEC filing, September 28, 2026 |
| BANK5 Trust 2024-5YR6 | 3A | $28,000,000 | Sep 2026 | SEC filing, September 28, 2026 |
| BANK5 Trust 2024-5YR6 | 3B | $5,000,000 | Sep 2026 | SEC filing, September 28, 2026 |
Other San Jose-Sunnyvale-Santa Clara loans due in 2029
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| Moffett Towers II | Sunnyvale, CA | Office | $180.3M | 3.764% | Jul 2029 | n/a | n/a | Current |
| Moffett Towers II Building V | Sunnyvale, CA | Office | $170.0M | 4.026% | Apr 2029 | 3.24x | 100% | Current |
| Moffett Towers Building D | Sunnyvale, CA | Office | $145.0M | 6.96% | Aug 2029 | 1.73x | 100% | Current |
| Moffett Towers II - Buildings 3 & 4 | Sunnyvale, CA | Office | $114.8M | 3.764% | Jul 2029 | 2.32x | 100% | Current |
| 899 West Evelyn | Mountain View, CA | Office | $75.0M | 3.236% | Nov 2029 | 3.51x | 100% | Current |
| 600 & 620 National Avenue | Mountain View, CA | Office | $69.0M | 3.688% | Sep 2029 | 2.08x | 100% | Current |
| 620 National | Mountain View, CA | Office | $69.0M | 3.688% | Sep 2029 | 2.08x | 100% | Current |
| AC by Marriott San Jose | San Jose, CA | Hotel | $60.0M | 4.93% | Apr 2029 | n/a | n/a | Current |
All loans maturing in 2029 · All San Jose-Sunnyvale-Santa Clara 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.