Industrial loans in CMBS
Public CMBS trusts hold 817 industrial loans with $19.7B outstanding. 2.6% of that balance is with a special servicer and 2.4% is delinquent. The median loan reports 2.12x debt service coverage today against 1.84x when it was underwritten, and 100% occupancy against 100%.
When industrial loans mature
Where they are
- New York-Newark-Jersey City $2B
- Los Angeles-Long Beach-Anaheim $1B
- Detroit-Warren-Dearborn $763M
- Chicago-Naperville-Elgin $753M
- Philadelphia-Camden-Wilmington $655M
- Atlanta-Sandy Springs-Roswell $642M
- Riverside-San Bernardino-Ontario $611M
- San Francisco-Oakland-Fremont $438M
- Washington-Arlington-Alexandria $428M
- Boston-Cambridge-Newton $373M
- Houston-Pasadena-The Woodlands $366M
- San Jose-Sunnyvale-Santa Clara $325M
- Miami-Fort Lauderdale-West Palm Beach $232M
- Cincinnati $230M
- San Diego-Chula Vista-Carlsbad $207M
Delinquent or with the special servicer
26 loans, largest first.
| Property | Location | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|
| Tryad Industrial & Business Center | Rochester, NY | $73.3M | 5.021% | Jan 2028 | -0.03x | 53% | With the special servicer and 90+ days delinquent |
| Saks Fulfillment Center | Wilkes Barre, PA | $60.0M | 6.17% | Aug 2032 | 1.79x | 100% | With the special servicer and 90+ days delinquent |
| National Warehouse & Distribution Portfolio | $46.1M | 6.81% | Apr 2028 | 1.85x | 100% | With the special servicer and 90+ days delinquent | |
| South Carolina Industrial | Union, SC | $40.0M | 7.42% | Nov 2034 | n/a | 100% | With the special servicer and 90+ days delinquent |
| Chicago Business Center | Chicago, IL | $33.6M | 4.025% | Jan 2032 | n/a | n/a | With the special servicer and 90+ days delinquent |
| 4813 Nashville Road | Bowling Green, KY | $33.1M | 6.685% | May 2028 | n/a | n/a | With the special servicer and 60-89 days delinquent |
| Fds Manufacturing | Pomona, CA | $24.0M | 7.195% | Jan 2035 | 1.47x | 100% | With the special servicer and 90+ days delinquent |
| Vvf | Cincinnati, OH | $20.8M | 4.80% | Apr 2032 | n/a | n/a | With the special servicer and 90+ days delinquent |
| 1700 Schuster Road | Delano, CA | $20.3M | 6.81% | Apr 2028 | n/a | n/a | With the special servicer and 90+ days delinquent |
| Chicago Marketplace | Chicago, IL | $17.7M | 4.025% | Jan 2032 | n/a | n/a | With the special servicer and 90+ days delinquent |
| Mocksville Industrial | Mocksville, NC | $17.0M | 7.39% | Nov 2029 | 1.64x | 100% | With the special servicer and 30-59 days delinquent |
| 4851 South Alameda Street | Los Angeles, CA | $16.3M | 5.212% | Feb 2028 | 1.34x | 37% | With the special servicer |
| Alma Products and Velko Hinge Portfolio | Alma, MI | $14.3M | 7.543% | Sep 2033 | n/a | n/a | With the special servicer and 90+ days delinquent |
| 1-11 South Market Street | Passaic, NJ | $13.8M | 4.14% | May 2026 | 1.44x | 100% | With the special servicer |
| Contour Windows Industrial | Central, SC | $12.0M | 7.10% | Mar 2034 | 1.83x | 100% | With the special servicer and 30-59 days delinquent |
| Goldcoast Logistics | Elgin, IL | $12.0M | 6.99% | Oct 2033 | n/a | n/a | With the special servicer and 30-59 days delinquent |
| 1600 Western Buildings | Chicago, IL | $8.5M | 5.01% | May 2029 | n/a | n/a | With the special servicer and 90+ days delinquent |
| Enfield Industrial | Enfield, CT | $8.4M | 7.60% | Sep 2029 | 1.08x | 82% | With the special servicer and 90+ days delinquent |
| Tonnelle Square Two | North Bergen, NJ | $8.1M | 4.03% | Sep 2026 | n/a | n/a | Past maturity and not performing |
| Boonton Industrial | Boonton, NJ | $6.2M | 4.90% | Jul 2031 | 0.64x | 100% | With the special servicer and 90+ days delinquent |
| Frisch's Commissary Kitchen | Cincinnati, OH | $5.9M | 5.345% | May 2032 | 1.95x | 100% | With the special servicer and 90+ days delinquent |
| Valley Forge Corporate Center | Audubon, PA | $5.2M | 5.047% | Nov 2028 | 0.97x | 44% | With the special servicer and 90+ days delinquent |
| 740 Veterans Memorial Hwy | Mableton, GA | $5.1M | 7.795% | May 2034 | 1.08x | 60% | With the special servicer and 90+ days delinquent |
| Akron Drive | Winston-Salem, NC | $5.0M | 6.954% | Feb 2031 | n/a | n/a | Delinquent |
| Chicago Heights | Chicago Heights, IL | $4.5M | 7.28% | Apr 2028 | n/a | n/a | With the special servicer and 90+ days delinquent |
| Fedex Muncie | Muncie, IN | $792K | 4.60% | Oct 2029 | 1.57x | 100% | With the special servicer |
Download every industrial loan as CSV (current month, CC BY 4.0; terms and history)
Industrial loan coming due?
Send it to Janover Capital to talk through a refinance or recapitalization.