Industrial portfolio, 11 properties · Union, Ohio
1800 Union Airpark Boulevard
This portfolio is financed with a $34.3M CMBS loan at 2.653% that reaches maturity on November 7, 2029, in 3 years. As of the Sep 2026 servicer report, the latest filed for this loan, its status is late, less than 30 days.
The loan
- Balance in tracked trusts
- $34,320,000
- Original balance (same notes)
- $34,320,000
- Interest rate
- 2.653% fixed
- Originated
- October 21, 2019
- Maturity
- November 7, 2029
- Payments
- Interest only for the full term
- Prepayment lockout ended
- January 6, 2022
- Prepayment premium ends
- May 6, 2029 (yield maintenance)
- Originator
- Morgan Stanley Bank, N.A.; UBS AG; Bank of America, N.A.
Status
- Payment status
- Late payment but less than 30 days delinquent (code B)
- Special servicing
- No transfer reported
- Defeasance
- None reported
The property
- Address
- 1800 Union Airpark Boulevard, Union, OH 45377
- Metro
- Dayton-Kettering-Beavercreek, OH
- Value at securitization
- $547.0M
Performance
| At securitization | Latest | |
|---|---|---|
| DSCR (NOI) | n/a | n/a |
| Occupancy | n/a | n/a |
| Net operating income (annualized from 3 months) | $31.8M | $38.1M |
| Debt yield | 110.9% |
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 CSAIL 2019-C18 Commercial Mortgage Trust 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 20% above the underwritten figure ($38.1M a year against $31.8M; the latest statement covers 3 months, annualized).
Properties securing the loan
| Property | Location | Type | Occupancy | DSCR |
|---|---|---|---|---|
| 1800 Union Airpark Boulevard | Union, OH | Warehouse | 100% | 6.60x |
| 4237-4255 Anson Boulevard | Whitestown, IN | Warehouse | n/a | n/a |
| 5000 Commerce Way | Petersburg, VA | Warehouse | n/a | n/a |
| 5142 and 5148 North Hanley Road | St. Louis, MO | Warehouse | n/a | n/a |
| 945 Monument Drive | Lebanon, IN | Warehouse | n/a | n/a |
| 2801 Airwest Boulevard | Plainfield, IN | Warehouse | n/a | n/a |
| 20 Logistics Boulevard | Walton, KY | Warehouse | n/a | n/a |
| 5500 SE Delaware Ave | Ankeny, IA | Warehouse | n/a | n/a |
| 2150 Stanley Road | Plainfield, IN | Warehouse | n/a | n/a |
| 16101 Queens Court | Upper Marlboro, MD | Warehouse | n/a | n/a |
| 5 Logistics Drive | Carlisle, PA | Warehouse | n/a | n/a |
The last 12 monthly reports
| Report month | Balance | Payment status | Special servicer | DSCR | Occupancy |
|---|---|---|---|---|---|
| September 2026 | $34.3M | Late payment but less than 30 days delinquent | No | 6.60x | 100% |
| August 2026 | $34.3M | Current | No | 6.60x | 100% |
| July 2026 | $34.3M | Current | No | n/a | n/a |
| June 2026 | $34.3M | Current | No | n/a | n/a |
| May 2026 | $34.3M | Current | No | n/a | n/a |
| April 2026 | $39.5M | Current | No | 0.52x | 62% |
| March 2026 | $34.3M | Current | No | 6.50x | 100% |
| February 2026 | $34.3M | Current | No | 6.50x | 100% |
| January 2026 | $34.3M | Current | No | 6.50x | 100% |
| December 2025 | $34.3M | Current | No | 6.50x | 100% |
| November 2025 | $34.3M | Current | No | 6.50x | 100% |
| October 2025 | $34.3M | Current | No | 6.50x | 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.
Special-servicing history
- Transferred to the special servicer July 24, 2023, returned to the master servicer August 25, 2025.
Transfer and return dates as reported in the filings of the past year; an earlier episode shows here only if a filing in that year still reports it.
Where the loan sits
One trust holds this loan in the data.
| Trust | Loan no. | Balance | Report period | Source |
|---|---|---|---|---|
| CSAIL 2019-C18 Commercial Mortgage Trust | 5 | $34,320,000 | Sep 2026 | SEC filing, September 28, 2026 |
Other Dayton-Kettering-Beavercreek loans due in 2029
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| Austin Landing | Miamisburg, OH | Mixed use | $47.6M | 3.98% | Dec 2029 | n/a | n/a | Current |
| Austin Landing Mixed-Use | Miamisburg, OH | Mixed use | $36.9M | 3.98% | Dec 2029 | 3.12x | 96% | Current |
| Crocs Distribution Center | Vandalia, OH | Industrial | $22.2M | 4.04% | Oct 2029 | 1.52x | 100% | Current |
| IRG Moraine | Moraine, OH | Industrial | $11.9M | 4.76% | May 2029 | n/a | n/a | Current |
| 1501 Experiment Farm Road | Troy, OH | Industrial | $8.1M | 5.30% | Jan 2029 | 1.30x | 100% | Current |
| Hidden Creek Apartments, Dayton | Dayton, OH | Multifamily | $4.8M | 7.78% | Aug 2029 | n/a | n/a | With the special servicer and 90+ days delinquent |
All loans maturing in 2029 · All Dayton-Kettering-Beavercreek 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.