Industrial · Boise, Idaho
Gowen Industrial Park
Gowen Industrial Park is financed with a $12.0M CMBS loan at 4.32% that reaches maturity on October 1, 2029, in 2 years and 11 months. As of the Sep 2026 servicer report, the latest filed for this loan, its status is current.
The loan
- Balance in tracked trusts
- $12,000,000
- Original balance (same notes)
- $12,000,000
- Interest rate
- 4.32% fixed
- Originated
- September 5, 2019
- Maturity
- October 1, 2029
- Payments
- Interest only for the full term
- Prepayment lockout ends
- June 30, 2029
- Master servicer
- Trimont LLC
- Originator
- Morgan Stanley Bank, N.A.
Status
- Payment status
- Current (code 0)
- Special servicing
- No transfer reported
- Defeasance
- None reported
The property
- Address
- 6707, 6675, 6663 South Eisenman Road, Boise, ID 83716
- Rentable area
- 145,152 sq ft
- Built
- 2018
- Largest tenants
- Applied Materials; Bimbo Bakeries USA Inc.; Trinity Trailer
- Value at securitization
- $18.4M (Jun 2019)
Performance
| At securitization | Latest (Dec 2025) | |
|---|---|---|
| DSCR (NOI) | 2.20x | 2.66x |
| Occupancy | 100% | 100% |
| Net operating income | $1.2M | $1.4M |
| Debt yield | 11.7% |
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 BANK 2019-BNK21 filing for the reporting period ending September 11, 2026, filed with the SEC September 29, 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 21% above the underwritten figure ($1.4M a year against $1.2M).
- Debt service coverage moved from 2.20x at securitization to 2.66x on the latest statements.
- The filing gives Jul 2028 as the lease end date for the largest tenant (Applied Materials), 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 | $12.0M | Current | No | 2.66x | 100% |
| August 2026 | $12.0M | Current | No | 2.66x | 100% |
| July 2026 | $12.0M | Current | No | 2.66x | 100% |
| June 2026 | $12.0M | Current | No | 2.66x | 100% |
| May 2026 | $12.0M | Current | No | 2.66x | 100% |
| April 2026 | $12.0M | Current | No | 2.66x | 100% |
| March 2026 | $12.0M | Current | No | 2.66x | 100% |
| February 2026 | $12.0M | Current | No | 2.48x | 100% |
| January 2026 | $12.0M | Current | No | 2.48x | 100% |
| December 2025 | $12.0M | Current | No | 2.48x | 100% |
| November 2025 | $12.0M | Current | No | 2.48x | 100% |
| October 2025 | $12.0M | Current | No | 2.48x | 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 |
|---|---|---|---|---|
| BANK 2019-BNK21 | 28 | $12,000,000 | Sep 2026 | SEC filing, September 29, 2026 |
Other Idaho loans due in 2029
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| City Center Plaza | Boise, ID | Mixed use | $46.9M | 3.80% | Jul 2029 | 3.10x | 79% | Current |
| Canyon Park West | Twin Falls, ID | Retail | $24.1M | 6.426% | Apr 2029 | 1.40x | 100% | Current |
| Ironwood Square | Coeur D'Alene, ID | Retail | $11.0M | 4.874% | Feb 2029 | 1.32x | 78% | Current |
| Hilton Garden Inn Boise Eagle | Eagle, ID | Hotel | $10.8M | 4.158% | Nov 2029 | 1.39x | 57% | Current |
| University Courtyard Apartments | Rexburg, ID | Multifamily | $5.3M | 4.09% | Dec 2029 | 3.49x | 96% | Current |
| Bestland Apartments | Coeur D’Alene, ID | Multifamily | $2.8M | 4.62% | Sep 2029 | 2.94x | 85% | Current |
| Sunset Village Mhp | Homedale, ID | Manufactured housing | $1.4M | 4.50% | Sep 2029 | 2.81x | 95% | 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.