Industrial · Sparks, Nevada
Kleppe Greg Business Park
Kleppe Greg Business Park is financed with a $7.0M CMBS loan at 3.30% that reaches maturity on January 1, 2031, in 4 years and 2 months. As of the Sep 2026 servicer report, the latest filed for this loan, its status is current.
The loan
- Balance in tracked trusts
- $7,000,000
- Original balance (same notes)
- $7,000,000
- Interest rate
- 3.30% fixed
- Originated
- December 23, 2020
- Maturity
- January 1, 2031
- Payments
- Interest only for the full term
- Prepayment lockout ended
- February 28, 2023
- Prepayment premium ends
- October 31, 2030 (yield maintenance)
- Originator
- KeyBank National Association
Status
- Payment status
- Current (code 0)
- Special servicing
- No transfer reported
- Defeasance
- Partly defeased
The property
- Address
- 1220, 1250 E Greg St, 1215 & 1275 Kleppe Lane 1455 Deming Way, Sparks, NV 89431
- Metro
- Reno, NV
- Rentable area
- 150,439 sq ft
- Built
- 1981
- Largest tenants
- Rockin E Powder Coating, LLC; Joseph S. Moore dba Joe's Auto Repair; TMII Enterprises, LLC dba Al Garage Door Service
- Value at securitization
- $17.0M (Nov 2020)
Performance
| At securitization | Latest | |
|---|---|---|
| DSCR (NOI) | 4.46x | n/a |
| Occupancy | 97% | n/a |
| Net operating income | $1.0M | n/a |
Watch flags
Computed from the BBCMS Mortgage Trust 2021-C9 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
- The filing gives Apr 2027 as the lease end date for the largest tenant (Rockin E Powder Coating, LLC), 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 | $7.0M | Current | No | n/a | n/a |
| August 2026 | $7.0M | Current | No | n/a | n/a |
| July 2026 | $7.0M | Current | No | n/a | n/a |
| June 2026 | $7.0M | Current | No | n/a | n/a |
| May 2026 | $7.0M | Current | No | n/a | n/a |
| April 2026 | $7.0M | Current | No | 5.83x | 91% |
| March 2026 | $7.0M | Current | No | 5.83x | 91% |
| February 2026 | $7.0M | Current | No | 5.83x | 91% |
| January 2026 | $7.0M | Current | No | 5.83x | 91% |
| December 2025 | $7.0M | Current | No | 5.89x | 93% |
| November 2025 | $7.0M | Current | No | 5.89x | 93% |
| October 2025 | $7.0M | Current | No | 5.89x | 93% |
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 |
|---|---|---|---|---|
| BBCMS Mortgage Trust 2021-C9 | 35 | $7,000,000 | Sep 2026 | SEC filing, September 29, 2026 |
Other Reno loans due in 2031
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| 9295 & 9315 Prototype Drive | Reno, NV | Industrial | $177.5M | 6.242% | Jun 2031 | n/a | n/a | Current |
| Sparks Crossing | Sparks, NV | Retail | $49.1M | 6.05% | Jan 2031 | n/a | n/a | Current |
| 200 South Virginia Street | Reno, NV | Office | $15.9M | 3.617% | Jul 2031 | 3.60x | 84% | Current |
| South Creek Shopping Center | Reno, NV | Retail | $15.0M | 6.50% | Jan 2031 | n/a | n/a | Current |
| Village at Double Diamond | Reno, NV | Retail | $10.8M | 3.355% | Nov 2031 | 4.07x | 100% | Current |
| Vista Park Self Storage | Sparks, NV | Self storage | $9.8M | 3.472% | Jun 2031 | 3.36x | 87% | Current |
| The Deluxe Apartments | Reno, NV | Multifamily | $3.6M | 3.89% | Dec 2031 | 2.01x | 88% | 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.