Office · Tallahassee, Florida
Fort Knox Executive Park
Public CMBS trusts hold $12.7M of the loan on Fort Knox Executive Park at 5.103% that reaches maturity on March 6, 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
- $12,749,983
- Original balance (same notes)
- $16,000,000
- Interest rate
- 5.103% fixed
- Originated
- February 12, 2018
- Maturity
- March 6, 2028
- Payments
- Amortizing over 25 years
- Prepayment lockout ends
- December 5, 2027
- Master servicer
- Midland Loan Services
- Originator
- SMC
Status
- Payment status
- Current (code 0)
- Special servicing
- No transfer reported
- Defeasance
- None reported
The property
- Address
- 2727 Mahan Drive and 2728, 2737 and 2747 Fort Knox Boulevard, Tallahassee, FL 32308
- Metro
- Tallahassee, FL
- Rentable area
- 300,419 sq ft
- Built
- 1979, renovated 2017
- Largest tenants
- Agency For Healthcare; Commerce
- Value at securitization
- $56.8M (Jan 2018)
Performance
| At securitization | Latest (Mar 2026) | |
|---|---|---|
| DSCR (NOI) | 1.66x | 2.10x |
| Occupancy | 84% | 100% |
| Net operating income (annualized from 3 months) | $4.1M | $5.3M |
| Debt yield | 41.4% |
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 Morgan Stanley Capital I Trust 2018-H3 filing for the reporting period ending September 11, 2026, filed with the SEC October 2, 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
- Occupancy has risen from 84% when the loan was securitized to 100%.
- Net operating income is 28% above the underwritten figure ($5.3M a year against $4.1M; the latest statement covers 3 months, annualized).
- Debt service coverage moved from 1.66x at securitization to 2.10x on the latest statements.
The last 12 monthly reports
| Report month | Balance | Payment status | Special servicer | DSCR | Occupancy |
|---|---|---|---|---|---|
| September 2026 | $12.7M | Current | No | 2.10x | 100% |
| August 2026 | $12.8M | Current | No | 2.10x | 100% |
| July 2026 | $12.8M | Current | No | 2.10x | 100% |
| June 2026 | $12.9M | Current | No | 2.10x | 100% |
| May 2026 | $12.9M | Current | No | 2.10x | 100% |
| April 2026 | $12.9M | Current | No | 2.25x | 100% |
| March 2026 | $13.0M | Current | No | 2.25x | 100% |
| February 2026 | $13.0M | Current | No | 2.25x | 100% |
| January 2026 | $13.1M | Current | No | 2.28x | 100% |
| December 2025 | $13.1M | Current | No | 2.28x | 100% |
| November 2025 | $13.1M | Current | No | 2.28x | 100% |
| October 2025 | $13.2M | Current | No | 2.21x | 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
The loan is split into 2 notes held by different trusts. Each trust reports its own piece.
| Trust | Loan no. | Balance | Report period | Source |
|---|---|---|---|---|
| JPMDB Commercial Mortgage Securities Trust 2018-C8 | 27 | $6,374,992 | Sep 2026 | SEC filing, September 28, 2026 |
| Morgan Stanley Capital I Trust 2018-H3 | 39 | $6,374,992 | Sep 2026 | SEC filing, October 2, 2026 |
Other Tallahassee loans due in 2028
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| Fort Knox Executive Center | Tallahasse, FL | Office | $15.1M | 5.103% | Mar 2028 | 2.27x | 100% | 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.