Retail · Olathe, Kansas
Northridge Plaza
Northridge Plaza is financed with a $28.4M CMBS loan at 4.80% that reaches maturity on May 6, 2027, in 6 months. As of the Sep 2026 servicer report, the latest filed for this loan, its status is current.
The loan
- Balance in tracked trusts
- $28,433,656
- Original balance (same notes)
- $32,500,000
- Interest rate
- 4.80% fixed
- Originated
- April 13, 2017
- Maturity
- May 6, 2027
- Payments
- Interest only for 24 months, then amortizing
- Prepayment lockout ended
- July 5, 2019
- Prepayment premium ends
- February 5, 2027
- Master servicer
- Trimont LLC
- Originator
- BSP
Status
- Payment status
- Current (code 0)
- Special servicing
- No transfer reported
- Defeasance
- None reported
The property
- Address
- 15254-15420 West 119th Street, Olathe, KS 66062
- Metro
- Kansas City, MO-KS
- Rentable area
- 209,652 sq ft
- Built
- 1999
- Largest tenants
- Dick's Sporting Goods; The Foundation Olathe LLC; Ross
- Value at securitization
- $50.1M (Feb 2017)
Performance
| At securitization | Latest (Jun 2026) | |
|---|---|---|
| DSCR (NOI) | 1.48x | 1.62x |
| Occupancy | 88% | 98% |
| Net operating income (annualized from 6 months) | $3.0M | $3.3M |
| Debt yield | 11.8% |
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 CSAIL 2017-C8 Commercial Mortgage Trust filing for the reporting period ending September 11, 2026, filed with the SEC September 28, 2026.
- Matures 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
- Occupancy has risen from 88% when the loan was securitized to 98%.
- Net operating income is 10% above the underwritten figure ($3.3M a year against $3.0M; the latest statement covers 6 months, annualized).
- Debt service coverage moved from 1.48x at securitization to 1.62x on the latest statements.
The last 12 monthly reports
| Report month | Balance | Payment status | Special servicer | DSCR | Occupancy |
|---|---|---|---|---|---|
| September 2026 | $28.4M | Current | No | 1.62x | 98% |
| August 2026 | $28.5M | Current | No | 1.62x | 98% |
| July 2026 | $28.5M | Current | No | 1.58x | 98% |
| June 2026 | $28.6M | Current | No | 1.58x | 98% |
| May 2026 | $28.6M | Current | No | 1.58x | 98% |
| April 2026 | $28.7M | Current | No | 1.59x | 94% |
| March 2026 | $28.8M | Current | No | 1.59x | 94% |
| February 2026 | $28.8M | Current | No | 1.59x | 94% |
| January 2026 | $28.9M | Current | No | 1.62x | 94% |
| December 2025 | $28.9M | Current | No | 1.62x | 94% |
| November 2025 | $29.0M | Current | No | 1.62x | 94% |
| October 2025 | $29.0M | Current | No | 1.67x | 98% |
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 |
|---|---|---|---|---|
| CSAIL 2017-C8 Commercial Mortgage Trust | 9 | $28,433,656 | Sep 2026 | SEC filing, September 28, 2026 |
Other Kansas City loans due in 2027
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| Corporate Woods - Building 82 | Overland Park, KS | Office | $29.6M | 4.45% | Sep 2027 | n/a | n/a | Current |
| Williamsburg Plaza | Platte City, MO | Multifamily | $15.6M | 4.70% | May 2027 | 1.78x | 92% | Current |
| Hilton Garden Inn - Overland Park | Overland Park, KS | Hotel | $10.0M | 5.13% | Feb 2027 | 2.33x | 71% | Current |
| Parkway Shopping Center | Shawnee, KS | Retail | $5.7M | 4.66% | Dec 2027 | 0.84x | 60% | Current |
| Holiday Inn Express & Suites - Kansas City | Kansas City, MO | Hotel | $4.9M | 5.50% | Feb 2027 | 1.78x | 70% | Current |
| Berkshire Village Townhouses, Inc. | Kansas City, KS | Other | $3.6M | 4.38% | Sep 2027 | n/a | n/a | 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.