Industrial · Groveport, Ohio
Fedex Distribution Center, Groveport
Fedex Distribution Center is financed with a $21.1M CMBS loan at 4.76% that reaches maturity on March 11, 2028, in 16 months. As of the Sep 2026 servicer report, the latest filed for this loan, its status is current.
The loan
- Balance in tracked trusts
- $21,100,000
- Original balance (same notes)
- $21,100,000
- Interest rate
- 4.76% fixed
- Originated
- February 23, 2018
- Maturity
- March 11, 2028
- Payments
- Interest only for the full term
- Prepayment lockout ends
- September 10, 2027
- Master servicer
- Trimont LLC
- Originator
- Wells Fargo Bank, National Association
Status
- Payment status
- Current (code 0)
- Special servicing
- No transfer reported
- Defeasance
- None reported
The property
- Address
- 6840 Pontius Road, Groveport, OH 43125
- Metro
- Columbus, OH
- Rentable area
- 305,250 sq ft
- Built
- 2013
- Largest tenants
- FEDEX GROUP PACKAGE SYSTEM
- Value at securitization
- $31.7M (Jan 2018)
Performance
| At securitization | Latest (Jun 2026) | |
|---|---|---|
| DSCR (NOI) | 1.86x | 2.34x |
| Occupancy | 100% | 100% |
| Net operating income (annualized from 6 months) | $1.9M | $2.4M |
| Debt yield | 11.3% |
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 Wells Fargo Commercial Mortgage Trust 2018-C43 filing for the reporting period ending September 11, 2026, filed with the SEC September 29, 2026.
- Largest tenant's lease ends within 12 months
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 27% above the underwritten figure ($2.4M a year against $1.9M; the latest statement covers 6 months, annualized).
- Debt service coverage moved from 1.86x at securitization to 2.34x on the latest statements.
- The filing gives Aug 2027 as the lease end date for the largest tenant (FEDEX GROUP PACKAGE SYSTEM), before the loan matures. Lenders look hard at that rollover.
The last 12 monthly reports
| Report month | Balance | Payment status | Special servicer | DSCR | Occupancy |
|---|---|---|---|---|---|
| September 2026 | $21.1M | Current | No | 2.34x | 100% |
| August 2026 | $21.1M | Current | No | 2.18x | 100% |
| July 2026 | $21.1M | Current | No | 2.18x | 100% |
| June 2026 | $21.1M | Current | No | 2.18x | 100% |
| May 2026 | $21.1M | Current | No | 1.94x | 100% |
| April 2026 | $21.1M | Current | No | 1.94x | 100% |
| March 2026 | $21.1M | Current | No | 1.94x | 100% |
| February 2026 | $21.1M | Current | No | 1.94x | 100% |
| January 2026 | $21.1M | Current | No | 2.52x | 100% |
| December 2025 | $21.1M | Current | No | 2.52x | 100% |
| November 2025 | $21.1M | Current | No | 2.41x | 100% |
| October 2025 | $21.1M | Current | No | 2.41x | 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 |
|---|---|---|---|---|
| Wells Fargo Commercial Mortgage Trust 2018-C43 | 10 | $21,100,000 | Sep 2026 | SEC filing, September 29, 2026 |
Other Columbus loans due in 2028
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| Sun Center Plaza | Columbus, OH | Retail | $47.5M | 6.97% | Dec 2028 | 1.78x | 99% | Current |
| Carriage Place | Columbus, OH | Retail | $28.3M | 4.91% | Oct 2028 | 1.42x | 97% | Current |
| Alliance Data Systems | Columbus, OH | Office | $26.6M | 4.942% | Aug 2028 | n/a | n/a | Current |
| 445 Hutchinson | Columbus, OH | Office | $18.2M | 4.94% | Sep 2028 | 1.16x | 75% | Late, less than 30 days |
| Parkway Centre North | Grove City, OH | Retail | $15.8M | 4.701% | Jul 2028 | 2.03x | 100% | Current |
| North West Square | Columbus, OH | Retail | $14.0M | 4.93% | May 2028 | 2.07x | 98% | Current |
| One Mill Run | Hilliard, OH | Office | $13.6M | 5.269% | Mar 2028 | 0.88x | 56% | Current |
| Embassy Suites - Columbus OH | Columbus, OH | Hotel | $12.5M | 4.44% | Aug 2028 | 2.40x | 66% | Current |
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.