Office · Orlando, Florida
Walgreens Orlando Operations Center
Walgreens Orlando Operations Center is financed with a $16.0M CMBS loan at 6.25% that reaches maturity on December 6, 2032, in 6 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
- $16,000,000
- Original balance (same notes)
- $16,000,000
- Interest rate
- 6.25% fixed
- Originated
- November 15, 2022
- Maturity
- December 6, 2032
- Payments
- Interest only for the full term
- Prepayment lockout ends
- September 5, 2032
- Master servicer
- Midland Loan Services
- Originator
- Argentic Real Estate Finance LLC
Status
- Payment status
- Current (code 0)
- Special servicing
- No transfer reported
- Defeasance
- None reported
The property
- Address
- 8337 Southpark Circle, Orlando, FL 32819
- Metro
- Orlando-Kissimmee-Sanford, FL
- Rentable area
- 133,710 sq ft
- Built
- 2000, renovated 2021
- Largest tenants
- Walgreen Co
- Value at securitization
- $32.7M (Oct 2022)
Performance
| At securitization | Latest (Jun 2026) | |
|---|---|---|
| DSCR (NOI) | 1.82x | 1.84x |
| Occupancy | 100% | 100% |
| Net operating income (annualized from 6 months) | $1.8M | $3.8M |
| Debt yield | 23.5% |
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 BMO 2023-C4 Mortgage Trust 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.
What the filing shows
- Net operating income is 104% above the underwritten figure ($3.8M a year against $1.8M; the latest statement covers 6 months, annualized).
- The filing gives Nov 2032 as the lease end date for the largest tenant (Walgreen Co), before the loan matures. Lenders look hard at that rollover.
The last 12 monthly reports
| Report month | Balance | Payment status | Special servicer | DSCR | Occupancy |
|---|---|---|---|---|---|
| September 2026 | $16.0M | Current | No | 1.84x | 100% |
| August 2026 | $16.0M | Current | No | 1.84x | 100% |
| July 2026 | $16.0M | Current | No | 1.84x | 100% |
| June 2026 | $16.0M | Current | No | n/a | n/a |
| May 2026 | $16.0M | Current | No | n/a | n/a |
| April 2026 | $16.0M | Current | No | 1.83x | 100% |
| March 2026 | $16.0M | Current | No | 1.83x | 100% |
| February 2026 | $16.0M | Current | No | 1.82x | 100% |
| January 2026 | $16.0M | Current | No | 1.82x | 100% |
| December 2025 | $16.0M | Current | No | 1.82x | 100% |
| November 2025 | $16.0M | Current | No | 1.81x | 100% |
| October 2025 | $16.0M | Current | No | 1.81x | 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 |
|---|---|---|---|---|
| BMO 2023-C4 Mortgage Trust | 24 | $16,000,000 | Sep 2026 | SEC filing, October 2, 2026 |
Other Orlando-Kissimmee-Sanford loans due in 2032
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| Winter Garden | Winter Garden, FL | Industrial | $28.5M | 3.75% | Jan 2032 | n/a | n/a | Current |
| Village Crossroads | Lady Lake, FL | Retail | $22.6M | 5.98% | Jul 2032 | 1.52x | 85% | Current |
| Hoffner Commerce Center | Orlando, FL | Office | $14.3M | 4.75% | Apr 2032 | 2.34x | 89% | Current |
| Nona Commons | Orlando, FL | Retail | $11.7M | 4.09% | Mar 2032 | n/a | n/a | Current |
| Bennett Commerce Center | Longwood, FL | Industrial | $10.1M | 4.90% | Apr 2032 | n/a | n/a | Current |
| Embassy Suites Orlando North | Altamonte Springs, FL | Hotel | $10.0M | 5.818% | Jul 2032 | 3.05x | 71% | Current |
| Park Place at Heathrow | Lake Mary, FL | Retail | $7.5M | 4.28% | Apr 2032 | 3.51x | 93% | Current |
| Wellesley Retail | Orlando, FL | Retail | $5.2M | 3.59% | Jan 2032 | 2.52x | 100% | 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.