Office · Hilliard, Ohio
One Mill Run
One Mill Run is financed with a $13.6M CMBS loan at 5.269% 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
- $13,614,263
- Original balance (same notes)
- $17,000,000
- Interest rate
- 5.269% fixed
- Originated
- March 1, 2018
- Maturity
- March 6, 2028
- Payments
- Amortizing over 25 years
- Prepayment lockout ends
- December 5, 2027
- Master servicer
- Midland Loan Services
- Originator
- Hunt Finance Company, LLC
Status
- Payment status
- Current (code 0)
- Special servicing
- No transfer reported
- Defeasance
- None reported
The property
- Address
- 3455 Mill Run Rd, Hilliard, OH 43026
- Metro
- Columbus, OH
- Rentable area
- 174,323 sq ft
- Built
- 1989, renovated 2017
- Largest tenants
- TALX UCM Services; Caresource Management Group; Care360 Hospice/Heritage Senior
- Value at securitization
- $24.9M (Dec 2017)
Performance
| At securitization | Latest (Jun 2026) | |
|---|---|---|
| DSCR (NOI) | 1.61x | 0.88x |
| Occupancy | 95% | 56% |
| Net operating income (annualized from 6 months) | $2.0M | $2.2M |
| Debt yield | 15.9% |
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 BENCHMARK 2018-B3 COMMERCIAL MORTGAGE TRUST filing for the reporting period ending September 8, 2026, filed with the SEC September 25, 2026.
- Coverage below 1.00x
- Coverage down 0.25x or more from securitization
- Occupancy down 10 points or more from securitization
- Largest tenant's lease ends within 12 months
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 95% when the loan was securitized to 56%.
- Net operating income is 10% above the underwritten figure ($2.2M a year against $2.0M; the latest statement covers 6 months, annualized).
- Debt service coverage moved from 1.61x at securitization to 0.88x on the latest statements.
- At 0.88x, the property's reported NOI does not cover its debt service.
- The filing gives Dec 2026 as the lease end date for the largest tenant (TALX UCM Services), 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 | $13.6M | Current | No | 0.88x | 56% |
| August 2026 | $13.7M | Current | No | 0.78x | 56% |
| July 2026 | $13.7M | Current | No | 0.78x | 56% |
| June 2026 | $13.7M | Current | No | 0.78x | 56% |
| May 2026 | $13.8M | Current | No | n/a | n/a |
| April 2026 | $13.8M | Current | No | 1.02x | 75% |
| March 2026 | $13.9M | Current | No | 1.02x | 75% |
| February 2026 | $13.9M | Current | No | 1.05x | 75% |
| January 2026 | $13.9M | Current | No | 1.05x | 75% |
| December 2025 | $14.0M | Current | No | 1.05x | 75% |
| November 2025 | $14.0M | Current | No | 1.18x | 75% |
| October 2025 | $14.1M | Current | No | 1.18x | 75% |
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 |
|---|---|---|---|---|
| BENCHMARK 2018-B3 COMMERCIAL MORTGAGE TRUST | 28 | $13,614,263 | Sep 2026 | SEC filing, September 25, 2026 |
Other Columbus loans due in 2028
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| Sun Center Plaza | Columbus, OH | Retail | $47.5M | 6.97% | Dec 2028 | 1.78x | 99% | Current |
| Carriage Place | Columbus, OH | Retail | $28.3M | 4.91% | Oct 2028 | 1.42x | 97% | Current |
| Alliance Data Systems | Columbus, OH | Office | $26.6M | 4.942% | Aug 2028 | n/a | n/a | Current |
| Fedex Distribution Center, Groveport | Groveport, OH | Industrial | $21.1M | 4.76% | Mar 2028 | 2.34x | 100% | Current |
| 445 Hutchinson | Columbus, OH | Office | $18.2M | 4.94% | Sep 2028 | 1.16x | 75% | Late, less than 30 days |
| Parkway Centre North | Grove City, OH | Retail | $15.8M | 4.701% | Jul 2028 | 2.03x | 100% | Current |
| North West Square | Columbus, OH | Retail | $14.0M | 4.93% | May 2028 | 2.07x | 98% | Current |
| Embassy Suites - Columbus OH | Columbus, OH | Hotel | $12.5M | 4.44% | Aug 2028 | 2.40x | 66% | Current |
Source: each trust's ABS-EE asset-data exhibit (Regulation AB Schedule AL) on SEC EDGAR, reporting period ending September 8, 2026. Servicers report these figures; cmbs.news does not audit them. How this page is built.