Retail · Pleasant Prairie, Wisconsin
Pleasant Prairie Premium Outlets
Public CMBS trusts hold $145.0M of the loan on Pleasant Prairie Premium Outlets at 3.995% that reaches maturity on September 1, 2027, in 10 months. As of the Sep 2026 servicer report, the latest filed for this loan, its status is current.
The loan
- Balance in tracked trusts
- $145,000,000
- Original balance (same notes)
- $145,000,000
- Interest rate
- 3.995% fixed
- Originated
- August 16, 2017
- Maturity
- September 1, 2027
- Payments
- Interest only for the full term
- Prepayment lockout ends
- February 28, 2027
- Master servicer
- Trimont LLC
- Originator
- Wells Fargo Bank, National Association; Citi Real Estate Funding Inc.
Status
- Payment status
- Current (code 0)
- Special servicing
- No transfer reported
- Defeasance
- None reported
The property
- Address
- 11211 120th Avenue; 11601 108th Street; 110th Street, Pleasant Prairie, WI 53158
- Rentable area
- 402,615 sq ft
- Built
- 1987
- Largest tenants
- Nike; Old Navy Clothing Co.; UNDER ARMOUR RETAIL
- Value at securitization
- $290.0M (Jul 2017)
Performance
| At securitization | Latest (Jun 2026) | |
|---|---|---|
| DSCR (NOI) | 2.77x | 3.07x |
| Occupancy | 93% | 88% |
| Net operating income (annualized from 6 months) | $16.3M | $18.1M |
| Debt yield | 12.5% |
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 Wells Fargo Commercial Mortgage Trust 2017-C40 filing for the reporting period ending September 11, 2026, filed with the SEC September 29, 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 fallen from 93% when the loan was securitized to 88%.
- Net operating income is 11% above the underwritten figure ($18.1M a year against $16.3M; the latest statement covers 6 months, annualized).
- Debt service coverage moved from 2.77x at securitization to 3.07x on the latest statements.
The last 12 monthly reports
| Report month | Balance | Payment status | Special servicer | DSCR | Occupancy |
|---|---|---|---|---|---|
| September 2026 | $145.0M | Current | No | 3.07x | 88% |
| August 2026 | $145.0M | Current | No | 3.05x | 90% |
| July 2026 | $145.0M | Current | No | 3.05x | 90% |
| June 2026 | $145.0M | Current | No | 2.94x | 89% |
| May 2026 | $145.0M | Current | No | 2.85x | 89% |
| April 2026 | $145.0M | Current | No | 2.85x | 89% |
| March 2026 | $145.0M | Current | No | 2.85x | 89% |
| February 2026 | $145.0M | Current | No | 2.85x | 89% |
| January 2026 | $145.0M | Current | No | 2.85x | 89% |
| December 2025 | $145.0M | Current | No | 2.89x | 87% |
| November 2025 | $145.0M | Current | No | 2.89x | 87% |
| October 2025 | $145.0M | Current | No | 2.89x | 87% |
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
The loan is split into 4 notes held by different trusts. Each trust reports its own piece.
| Trust | Loan no. | Balance | Report period | Source |
|---|---|---|---|---|
| BANK 2017-BNK8 | 11 | $45,000,000 | Sep 2026 | SEC filing, October 1, 2026 |
| CITIGROUP COMMERCIAL MORTGAGE TRUST 2017-C4 | 4 | $41,000,000 | Sep 2026 | SEC filing, September 25, 2026 |
| CITIGROUP COMMERCIAL MORTGAGE TRUST 2017-P8 | 12 | $34,000,000 | Sep 2026 | SEC filing, September 30, 2026 |
| Wells Fargo Commercial Mortgage Trust 2017-C40 | 9 | $25,000,000 | Sep 2026 | SEC filing, September 29, 2026 |
Source: each trust's ABS-EE asset-data exhibit (Regulation AB Schedule AL) on SEC EDGAR, reporting periods ending September 8, 2026, September 11, 2026. Servicers report these figures; cmbs.news does not audit them. How this page is built.