Retail · Kansas City, Missouri
North Oak Marketplace
North Oak Marketplace is financed with a $7.7M CMBS loan at 4.95% that reaches maturity on February 1, 2029, in 2 years and 3 months. As of the Oct 2026 servicer report its status is current.
The loan
- Balance in tracked trusts
- $7,683,997
- Original balance (same notes)
- $8,287,500
- Interest rate
- 4.95% fixed
- Originated
- January 18, 2019
- Maturity
- February 1, 2029
- Payments
- Interest only for 36 months, then amortizing
- Prepayment lockout ended
- March 31, 2021
- Prepayment premium ends
- November 30, 2028 (yield maintenance)
- Master servicer
- Midland Loan Services
- Originator
- JPMorgan Chase Bank, National Association
Status
- Payment status
- Current (code 0)
- Special servicing
- No transfer reported
- Defeasance
- Partly defeased
The property
- Address
- 4820-4914 North Oak Trafficway, Kansas City, MO 64118
- Metro
- Kansas City, MO-KS
- Rentable area
- 155,608 sq ft
- Built
- 1970, renovated 2005
- Largest tenants
- Fitness Ventures - Kansas City MO, LLC; AutoZone Development LLC; Goodwill of Western Missouri and Eastern Kansas, Inc.
- Value at securitization
- $12.8M (Dec 2018)
Performance
| At securitization | Latest (Jun 2026) | |
|---|---|---|
| DSCR (NOI) | 1.89x | 0.48x |
| Occupancy | 96% | 73% |
| Net operating income | $1.0M | $256K |
| Debt yield | 3.3% |
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 JPMCC Commercial Mortgage Securities Trust 2019-COR4 filing for the reporting period ending October 6, 2026, filed with the SEC October 21, 2026.
- Coverage below 1.00x
- Coverage down 0.25x or more from securitization
- Occupancy down 10 points or more from securitization
- NOI down 20% or more from securitization
On the cmbs.news watch list in every report since June 2026.
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 96% when the loan was securitized to 73%.
- Net operating income is 74% below the underwritten figure ($256K a year against $1.0M).
- Debt service coverage moved from 1.89x at securitization to 0.48x on the latest statements.
- At 0.48x, the property's reported NOI does not cover its debt service.
The last 12 monthly reports
| Report month | Balance | Payment status | Special servicer | DSCR | Occupancy |
|---|---|---|---|---|---|
| October 2026 | $7.7M | Current | No | 0.48x | 73% |
| September 2026 | $7.7M | Current | No | 0.48x | 73% |
| August 2026 | $7.7M | Current | No | 0.25x | 73% |
| July 2026 | $7.7M | Current | No | 0.25x | 73% |
| June 2026 | $7.7M | Current | No | 0.25x | 73% |
| May 2026 | $7.7M | Current | No | n/a | n/a |
| April 2026 | $7.8M | Current | No | 0.08x | 78% |
| March 2026 | $7.8M | Current | No | 0.08x | 78% |
| February 2026 | $7.8M | Payment not received but still in grace period or not yet due | No | 0.16x | 78% |
| January 2026 | $7.8M | Current | No | 0.16x | 78% |
| December 2025 | $7.8M | Current | No | 0.73x | 78% |
| November 2025 | $7.8M | Current | No | 0.73x | 30% |
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 |
|---|---|---|---|---|
| JPMCC Commercial Mortgage Securities Trust 2019-COR4 | 31 | $7,683,997 | Oct 2026 | SEC filing, October 21, 2026 |
Other Kansas City loans due in 2029
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| Polsinelli Headquarters | Kansas City, MO | Office | $64.1M | 7.828% | Dec 2029 | 1.52x | 100% | Current |
| Southlake Office Park | Lenexa, KS | Office | $57.0M | 5.126% | Feb 2029 | 2.17x | n/a | Current |
| Magnolia Parc | Overland Park, KS | Multifamily | $30.0M | 4.616% | Nov 2029 | 1.10x | 93% | Current |
| Oak Park Commons | Lenexa, KS | Retail | $27.0M | 6.774% | Jan 2029 | 2.28x | 96% | Current |
| Truman's Marketplace | Grandview, MO | Retail | $20.2M | 5.00% | Jan 2029 | n/a | n/a | Current |
| Century Towers | Kansas City, MO | Mixed use | $20.0M | 5.42% | Mar 2029 | 1.62x | 88% | Current |
| Executive Centre I II III | Overland Park, KS | Office | $15.6M | 3.71% | Sep 2029 | 1.96x | 66% | Current |
| Crown Heights | Gladstone, MO | Multifamily | $13.5M | 3.40% | Nov 2029 | 3.61x | 95% | Current |
Source: each trust's ABS-EE asset-data exhibit (Regulation AB Schedule AL) on SEC EDGAR, reporting period ending October 6, 2026. Servicers report these figures; cmbs.news does not audit them. How this page is built.