Industrial · Spring Hill, Tennessee
Spring Hill Logistics Center
Spring Hill Logistics Center is financed with a $25.0M CMBS loan at 4.609% that reaches maturity on June 6, 2028, in 19 months. As of the Oct 2026 servicer report its status is current.
The loan
- Balance in tracked trusts
- $25,000,000
- Original balance (same notes)
- $25,000,000
- Interest rate
- 4.609% fixed
- Originated
- May 31, 2018
- Maturity
- June 6, 2028
- Payments
- Interest only for the full term
- Prepayment lockout ended
- August 5, 2020
- Prepayment premium ends
- February 5, 2028 (yield maintenance)
- Master servicer
- Trimont LLC
- Originator
- Goldman Sachs Mortgage Company
Status
- Payment status
- Current (code 0)
- Special servicing
- No transfer reported
- Defeasance
- Partly defeased
The property
- Address
- 701-715 Beechcroft Road, Spring Hill, TN 37174
- Metro
- Nashville-Davidson--Murfreesboro--Franklin, TN
- Rentable area
- 498,400 sq ft
- Built
- 2014
- Largest tenants
- Comprehensive Logistics Co; MAGNA SEATING OF AMERICA; Tenneco Automotive Operat
- Value at securitization
- $39.8M (May 2018)
Performance
| At securitization | Latest (Dec 2025) | |
|---|---|---|
| DSCR (NOI) | 2.22x | 3.03x |
| Occupancy | 100% | 100% |
| Net operating income | $2.6M | $3.5M |
| Debt yield | 14.1% |
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 GS Mortgage Securities Trust 2018-GS10 filing for the reporting period ending October 6, 2026, filed with the SEC October 22, 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.
What the filing shows
- Net operating income is 36% above the underwritten figure ($3.5M a year against $2.6M).
- Debt service coverage moved from 2.22x at securitization to 3.03x on the latest statements.
The last 12 monthly reports
| Report month | Balance | Payment status | Special servicer | DSCR | Occupancy |
|---|---|---|---|---|---|
| October 2026 | $25.0M | Current | No | 3.03x | 100% |
| September 2026 | $25.0M | Current | No | 3.03x | 100% |
| August 2026 | $25.0M | Current | No | 3.03x | 100% |
| July 2026 | $25.0M | Current | No | 3.03x | 100% |
| June 2026 | $25.0M | Current | No | 3.03x | 100% |
| May 2026 | $25.0M | Current | No | 3.03x | 100% |
| April 2026 | $25.0M | Current | No | 2.58x | 100% |
| March 2026 | $25.0M | Current | No | 2.58x | 100% |
| February 2026 | $25.0M | Current | No | 2.58x | 100% |
| January 2026 | $25.0M | Current | No | 2.58x | 100% |
| December 2025 | $25.0M | Current | No | 2.58x | 100% |
| November 2025 | $25.0M | Current | No | 2.79x | 100% |
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 |
|---|---|---|---|---|
| GS Mortgage Securities Trust 2018-GS10 | 14 | $25,000,000 | Oct 2026 | SEC filing, October 22, 2026 |
Other Nashville-Davidson--Murfreesboro--Franklin loans due in 2028
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| Coolsprings Galleria | Franklin, TN | Retail | $131.4M | 4.839% | May 2028 | 1.95x | 93% | Current |
| Sheraton Grand Nashville Downtown | Nashville, TN | Hotel | $130.0M | 5.035% | Oct 2028 | n/a | n/a | Current |
| Sheraton Music City | Nashville, TN | Hotel | $60.1M | 4.94% | Jun 2028 | 1.87x | 70% | Current |
| Hilton Garden Inn Nashville Smyrna | Smyrna, TN | Hotel | $42.7M | 5.00% | Aug 2028 | n/a | n/a | With the special servicer |
| Pin Oaks | Nashville, TN | Industrial | $11.5M | 4.795% | Jul 2028 | 2.52x | 96% | Current |
| Hickory View Apartments | Nashville, TN | Multifamily | $10.6M | 5.47% | Mar 2028 | 1.81x | 95% | Current |
| Home2 Suites - Franklin Cool Springs | Franklin, TN | Hotel | $10.4M | 5.11% | Dec 2028 | 1.32x | 69% | Current |
| Marketplace Center at Murfreesboro | Murfreesboro, TN | Retail | $7.5M | 5.21% | Oct 2028 | 1.80x | 73% | Current |
All loans maturing in 2028 · All Nashville-Davidson--Murfreesboro--Franklin loans
Source: each trust's ABS-EE asset-data exhibit (Regulation AB Schedule AL) on SEC EDGAR, reporting period ending October 6, 2026. Servicers report these figures; cmbs.news does not audit them. How this page is built.