Retail portfolio, 6 properties · Olathe, Kansas
Walgreens - Olathe
This portfolio is financed with a $13.4M CMBS loan at 4.20% that reaches maturity on December 6, 2031, in 5 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
- $13,400,000
- Original balance (same notes)
- $13,400,000
- Interest rate
- 4.20% fixed
- Originated
- November 30, 2021
- Maturity
- December 6, 2031
- Payments
- Interest only for the full term
- Prepayment lockout ends
- October 5, 2031
- Master servicer
- Midland Loan Services
- Originator
- Ladder Capital Finance LLC
Status
- Payment status
- Current (code 0)
- Special servicing
- No transfer reported
- Defeasance
- None reported
The property
- Address
- 1453 East 151st Street, Olathe, KS 66062
- Metro
- Kansas City, MO-KS
- Value at securitization
- $24.4M
Performance
| At securitization | Latest | |
|---|---|---|
| DSCR (NOI) | n/a | n/a |
| Occupancy | n/a | n/a |
| Net operating income (annualized from 3 months) | $1.2M | $1.0M |
| Debt yield | 7.7% |
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 2022-B33 Mortgage Trust filing for the reporting period ending September 11, 2026, filed with the SEC September 28, 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 11% below the underwritten figure ($1.0M a year against $1.2M; the latest statement covers 3 months, annualized).
Properties securing the loan
| Property | Location | Type | Occupancy | DSCR |
|---|---|---|---|---|
| Walgreens - Olathe | Olathe, KS | Retail | 100% | 1.51x |
| O'Reilly - Shoreline | Shoreline, WA | Retail | 100% | 1.77x |
| Sherwin Williams - Austin | Austin, TX | Retail | 100% | 2.32x |
| Firestone - San Antonio | San Antonio, TX | Retail | 100% | 1.06x |
| 7-Eleven - Winter Garden | Winter Garden, FL | Retail | 100% | 1.96x |
| Sherwin Williams - New Braunfels | New Braunfels, TX | Retail | 100% | 2.31x |
The last 12 monthly reports
| Report month | Balance | Payment status | Special servicer | DSCR | Occupancy |
|---|---|---|---|---|---|
| September 2026 | $13.4M | Current | No | 1.51x | 100% |
| August 2026 | $13.4M | Current | No | 1.51x | 100% |
| July 2026 | $13.4M | Current | No | 1.51x | 100% |
| June 2026 | $13.4M | Current | No | n/a | n/a |
| May 2026 | $13.4M | Current | No | n/a | n/a |
| April 2026 | $13.4M | Current | No | 2.15x | 100% |
| March 2026 | $13.4M | Current | No | 2.15x | 100% |
| February 2026 | $13.4M | Current | No | 2.15x | 100% |
| January 2026 | $13.4M | Current | No | 2.15x | 100% |
| December 2025 | $13.4M | Current | No | 2.15x | 100% |
| November 2025 | $13.4M | Current | No | 1.59x | 100% |
| October 2025 | $13.4M | Current | No | 2.15x | 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 |
|---|---|---|---|---|
| Benchmark 2022-B33 Mortgage Trust | 24 | $13,400,000 | Sep 2026 | SEC filing, September 28, 2026 |
Other Kansas City loans due in 2031
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| 12517 E Us 40 Hwy | Independence, MO | Retail | $41.0M | 4.347% | Apr 2031 | n/a | n/a | Current |
| Kansas City Cabela's | Kansas City, KS | Retail | $15.6M | 3.85% | Jul 2031 | 3.07x | 100% | Current |
| 3y Office | Kansas City, MO | Office | $13.6M | 3.495% | Jan 2031 | 3.25x | 100% | Current |
| Summit Orchards | Lees Summit, MO | Retail | $12.5M | 3.44% | Oct 2031 | 1.49x | 100% | Current |
| Broadway 46 | Kansas City, MO | Multifamily | $8.2M | 6.53% | May 2031 | n/a | n/a | Current |
| La Hacienda Apartments | Kansas City, KS | Multifamily | $4.6M | 4.57% | Mar 2031 | 2.06x | 91% | Current |
| Royal Park Apartments | Gladstone, MO | Multifamily | $4.6M | 4.12% | Apr 2031 | 1.54x | 98% | 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.