Office · Fleming Island, Florida
Fleming Island Business Park
Fleming Island Business Park is financed with a $5.9M CMBS loan at 4.55% that reaches maturity on August 6, 2029, in 2 years and 9 months. As of the Sep 2026 servicer report, the latest filed for this loan, its status is current.
The loan
- Balance in tracked trusts
- $5,942,985
- Original balance (same notes)
- $6,500,000
- Interest rate
- 4.55% fixed
- Originated
- July 15, 2019
- Maturity
- August 6, 2029
- Payments
- Interest only for 24 months, then amortizing
- Prepayment lockout ends
- May 5, 2029
- Master servicer
- Midland Loan Services
- Originator
- DBR Investments Co. Limited
Status
- Payment status
- Current (code 0)
- Special servicing
- No transfer reported
- Defeasance
- None reported
The property
- Address
- 1845 Town Center Blvd, Fleming Island, FL 32003
- Metro
- Jacksonville, FL
- Rentable area
- 75,704 sq ft
- Built
- 2002
- Largest tenants
- Aero-Hose Corp.; Department of Children and Families; Executive suite rentals
- Value at securitization
- $9.5M (Apr 2019)
Performance
| At securitization | Latest (Jun 2026) | |
|---|---|---|
| DSCR (NOI) | 2.50x | 1.99x |
| Occupancy | 95% | 81% |
| Net operating income (annualized from 6 months) | $751K | $1.6M |
| Debt yield | 26.9% |
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 CITIGROUP COMMERCIAL MORTGAGE TRUST 2019-GC41 filing for the reporting period ending September 8, 2026, filed with the SEC September 25, 2026.
- Coverage down 0.25x or more from securitization
- Occupancy down 10 points or more from securitization
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
- Occupancy has fallen from 95% when the loan was securitized to 81%.
- Net operating income is 113% above the underwritten figure ($1.6M a year against $751K; the latest statement covers 6 months, annualized).
- Debt service coverage moved from 2.50x at securitization to 1.99x on the latest statements.
- The filing gives Dec 2027 as the lease end date for the largest tenant (Aero-Hose Corp.), 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 | $5.9M | Current | No | 1.99x | 81% |
| August 2026 | $6.0M | Current | No | 1.99x | 81% |
| July 2026 | $6.0M | Current | No | 2.04x | 97% |
| June 2026 | $6.0M | Current | No | 2.04x | 97% |
| May 2026 | $6.0M | Current | No | n/a | n/a |
| April 2026 | $6.0M | Current | No | 1.86x | 100% |
| March 2026 | $6.0M | Current | No | 1.75x | 100% |
| February 2026 | $6.0M | Current | No | 1.75x | 100% |
| January 2026 | $6.0M | Current | No | 1.75x | 100% |
| December 2025 | $6.0M | Current | No | 1.57x | 100% |
| November 2025 | $6.0M | Current | No | 1.57x | 100% |
| October 2025 | $6.1M | Current | No | 1.57x | 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 |
|---|---|---|---|---|
| CITIGROUP COMMERCIAL MORTGAGE TRUST 2019-GC41 | 41 | $5,942,985 | Sep 2026 | SEC filing, September 25, 2026 |
Other Jacksonville loans due in 2029
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| 12900 Pecan Park Road | Jacksonville, FL | Industrial | $139.1M | 3.25% | Jul 2029 | n/a | n/a | Current |
| Capital Plaza | Jacksonville, FL | Office | $35.0M | 4.42% | Aug 2029 | 2.03x | 87% | Current |
| Creekwood Club | Jacksonville, FL | Multifamily | $20.0M | 6.789% | Jul 2029 | n/a | n/a | Current |
| The Shoppes at Southside | Jacksonville, FL | Retail | $16.0M | 4.15% | Oct 2029 | 2.06x | 98% | Current |
| Holiday Inn Jacksonville East | Jacksonville, FL | Hotel | $6.3M | 4.20% | Nov 2029 | 1.68x | 71% | Current |
| The Ponce Hotel | St. Augustine, FL | Hotel | $6.1M | 5.10% | Dec 2029 | 0.97x | 61% | Current |
| Asbury Commons | Green Cove Springs, FL | Retail | $5.2M | 4.80% | Jun 2029 | 1.86x | 98% | Current |
| WoodSpring Suites Jacksonville | Jacksonville, FL | Hotel | $4.2M | 5.61% | Mar 2029 | 1.51x | 80% | Current |
Source: each trust's ABS-EE asset-data exhibit (Regulation AB Schedule AL) on SEC EDGAR, reporting period ending September 8, 2026. Servicers report these figures; cmbs.news does not audit them. How this page is built.