Tenant exposure
State of California in CMBS
The trusts' filings name State of California among the three largest tenants at properties securing 4 public CMBS loans with $82.7M outstanding. It is the largest tenant at 1 of them. None of those loans is delinquent or with a special servicer.
Every loan
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| Commerce Office Park | Commerce, CA | Office | $45.0M | 6.473% | Jan 2031 | n/a | n/a | Current |
| Katella Corporate Center | Los Alamitos, CA | Office | $16.9M | 3.40% | Mar 2030 | 3.07x | 91% | Current |
| 800 South Barranca | Covina, CA | Office | $13.2M | 4.895% | Apr 2028 | 1.93x | 96% | Current |
| Marengo Plaza | Los Angeles, CA | Mixed use | $7.5M | 4.683% | Oct 2027 | 3.10x | 100% | Current |
Where State of California is the largest tenant: lease end dates
| Property | Lease ends | Loan matures | Balance |
|---|---|---|---|
| 800 South Barranca | Jul 2031 | Apr 2028 | $13.2M |
Red: the lease ends before the loan matures, the rollover a refinancing lender will look at hardest.
Filed names grouped here: State of California. From each trust's ABS-EE filing (largest, second and third largest tenant fields). Pro will alert you when any of these loans changes.