Office · Lenexa, Kansas
Southlake Office Park
Southlake Office Park is financed with a $57.0M CMBS loan at 5.126% that reaches maturity on February 1, 2029, in 2 years and 3 months. As of the Sep 2026 servicer report, the latest filed for this loan, its status is current.
The loan
- Balance in tracked trusts
- $57,000,000
- Original balance (same notes)
- $57,000,000
- Interest rate
- 5.126% fixed
- Originated
- January 22, 2019
- Maturity
- February 1, 2029
- Payments
- Interest only for the full term
- Prepayment lockout ends
- October 31, 2028
- Master servicer
- Wells Fargo
- Originator
- MSBNA
Status
- Payment status
- Current (code 0)
- Special servicing
- No transfer reported
- Defeasance
- None reported
The property
- Address
- 11300 Corporate Avenue, Lenexa, KS 66219
- Metro
- Kansas City, MO-KS
- Rentable area
- 783,350 sq ft
- Built
- 1987
- Largest tenants
- University of Kansas Hospital Authority; Essense of Australia, Inc; Terracon Consultants, Inc
- Value at securitization
- $88.7M (Dec 2018)
Performance
| At securitization | Latest (Mar 2026) | |
|---|---|---|
| DSCR (NOI) | 2.21x | 2.17x |
| Occupancy | 86% | n/a |
| Net operating income (annualized from 3 months) | $6.5M | $6.5M |
| Debt yield | 11.4% |
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 Morgan Stanley Capital I Trust 2019-L2 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 | $57.0M | Current | No | 2.17x | n/a |
| August 2026 | $57.0M | Current | No | 2.17x | n/a |
| July 2026 | $57.0M | Current | No | 2.17x | n/a |
| June 2026 | $57.0M | Current | No | n/a | n/a |
| May 2026 | $57.0M | Current | No | n/a | n/a |
| April 2026 | $57.0M | Current | No | 2.19x | 78% |
| March 2026 | $57.0M | Current | No | 2.17x | 79% |
| February 2026 | $57.0M | Current | No | 2.17x | 79% |
| January 2026 | $57.0M | Current | No | 2.17x | 79% |
| December 2025 | $57.0M | Current | No | 2.19x | 79% |
| November 2025 | $57.0M | Current | No | 2.19x | 80% |
| October 2025 | $57.0M | Current | No | 2.19x | 80% |
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 2019-L2 | 3 | $57,000,000 | Sep 2026 | SEC filing, October 2, 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 |
| 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 |
| The Village Apartments | Kansas City, MO | Multifamily | $12.2M | 4.20% | Dec 2029 | 2.65x | 97% | 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.