Office · Troy, Michigan
Sheffield Office Park
Sheffield Office Park is financed with a $26.5M CMBS loan at 5.16% that reaches maturity on December 6, 2028, in 2 years and 1 month. As of the Sep 2026 servicer report, the latest filed for this loan, its status is current.
The loan
- Balance in tracked trusts
- $26,469,198
- Original balance (same notes)
- $28,500,000
- Interest rate
- 5.16% fixed
- Originated
- November 27, 2018
- Maturity
- December 6, 2028
- Payments
- Interest only for 36 months, then amortizing
- Prepayment lockout ends
- September 5, 2028
- Master servicer
- Bernard Financial Group
- Originator
- AREF
Status
- Payment status
- Current (code 0)
- Special servicing
- No transfer reported
- Defeasance
- None reported
The property
- Address
- 3250, 3290 and 3310 West Big Beaver Road, Troy, MI 48084
- Metro
- Detroit-Warren-Dearborn, MI
- Rentable area
- 508,595 sq ft
- Built
- 1973, renovated 2012
- Largest tenants
- LION RE:SOURCES,INC.; TPS LOGISTICS INC; XENIAL, INC.
- Value at securitization
- $47.0M (Oct 2018)
Performance
| At securitization | Latest | |
|---|---|---|
| DSCR (NOI) | 1.84x | n/a |
| Occupancy | 72% | n/a |
| Net operating income | $3.4M | n/a |
Watch flags
Computed from the Morgan Stanley Capital I Trust 2018-H4 filing for the reporting period ending September 11, 2026, filed with the SEC October 2, 2026.
None this month. No flag in the cmbs.news screen applies to this loan.
cmbs.news's own rule-based labels on the filed fields (definitions), not a credit rating, a prediction or a view of the borrower.
The last 12 monthly reports
| Report month | Balance | Payment status | Special servicer | DSCR | Occupancy |
|---|---|---|---|---|---|
| September 2026 | $26.5M | Current | No | n/a | n/a |
| August 2026 | $26.5M | Current | No | n/a | n/a |
| July 2026 | $26.5M | Current | No | n/a | n/a |
| June 2026 | $26.6M | Current | No | n/a | n/a |
| May 2026 | $26.6M | Current | No | n/a | n/a |
| April 2026 | $26.7M | Current | No | 1.45x | 73% |
| March 2026 | $26.7M | Current | No | 1.45x | 73% |
| February 2026 | $26.8M | Current | No | 1.45x | 73% |
| January 2026 | $26.8M | Current | No | 1.40x | 73% |
| December 2025 | $26.8M | Current | No | 1.40x | 73% |
| November 2025 | $26.9M | Current | No | 1.40x | 73% |
| October 2025 | $26.9M | Current | No | 1.40x | 73% |
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 |
|---|---|---|---|---|
| Morgan Stanley Capital I Trust 2018-H4 | 8 | $26,469,198 | Sep 2026 | SEC filing, October 2, 2026 |
Other Detroit-Warren-Dearborn loans due in 2028
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| Twelve Oaks Mall | Novi, MI | Retail | $170.2M | 4.399% | Mar 2028 | 2.43x | 86% | Current |
| Romulus - Huron | Romulus, MI | Industrial | $127.8M | 7.35% | May 2028 | 1.37x | 69% | Current |
| Penske Distribution Center | Romulus, MI | Industrial | $70.0M | 4.63% | Dec 2028 | 2.59x | 100% | Current |
| Brasswater Warehouse Portfolio | Warren, MI | Office | $65.5M | 7.25% | Jul 2028 | n/a | n/a | Current |
| Troy Place | Troy, MI | Office | $40.0M | 5.09% | Dec 2028 | 2.38x | 65% | Current |
| Kohl's Shelby Property | Shelby Township, MI | Retail | $38.1M | 3.09% | Sep 2028 | n/a | n/a | Current |
| Travelers Tower I | Southfield, MI | Office | $33.0M | 4.82% | Jul 2028 | 2.12x | 75% | Current |
| One Kennedy Square | Detroit, MI | Office | $33.0M | 4.60% | Feb 2028 | 1.93x | 88% | Current |
All loans maturing in 2028 · All Detroit-Warren-Dearborn loans
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.