Office · Lenexa, Kansas
Westbrook Office Park III
Westbrook Office Park III is financed with a $9.5M CMBS loan at 4.16% that reaches maturity on November 6, 2029, in 3 years. As of the Sep 2026 servicer report, the latest filed for this loan, its status is current.
The loan
- Balance in tracked trusts
- $9,513,584
- Original balance (same notes)
- $10,000,000
- Interest rate
- 4.16% fixed
- Originated
- October 15, 2019
- Maturity
- November 6, 2029
- Payments
- Interest only for 48 months, then amortizing
- Prepayment lockout ends
- August 5, 2029
- Master servicer
- Trimont LLC
- Originator
- Rialto Mortgage Finance, LLC
Status
- Payment status
- Current (code 0)
- Special servicing
- No transfer reported
- Defeasance
- None reported
The property
- Address
- 8050 Marshall Drive, Lenexa, KS 66214
- Metro
- Kansas City, MO-KS
- Rentable area
- 98,507 sq ft
- Built
- 2001
- Largest tenants
- eCapital; Food and Drug Administration; Pinnacle Pro Logistics LLC
- Value at securitization
- $15.3M (Aug 2019)
Performance
| At securitization | Latest (Jun 2026) | |
|---|---|---|
| DSCR (NOI) | 2.08x | 0.75x |
| Occupancy | 100% | 58% |
| Net operating income (annualized from 6 months) | $1.2M | $444K |
| Debt yield | 4.7% |
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 Wells Fargo Commercial Mortgage Trust 2019-C54 filing for the reporting period ending September 11, 2026, filed with the SEC September 29, 2026.
- Coverage below 1.00x
- Coverage down 0.25x or more from securitization
- Occupancy down 10 points or more from securitization
- NOI down 20% or more from securitization
On the cmbs.news watch list in every report since June 2026.
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
- Occupancy has fallen from 100% when the loan was securitized to 58%.
- Net operating income is 63% below the underwritten figure ($444K a year against $1.2M; the latest statement covers 6 months, annualized).
- Debt service coverage moved from 2.08x at securitization to 0.75x on the latest statements.
- At 0.75x, the property's reported NOI does not cover its debt service.
The last 12 monthly reports
| Report month | Balance | Payment status | Special servicer | DSCR | Occupancy |
|---|---|---|---|---|---|
| September 2026 | $9.5M | Current | No | 0.75x | 58% |
| August 2026 | $9.5M | Current | No | 0.67x | 58% |
| July 2026 | $9.5M | Current | No | 0.67x | 58% |
| June 2026 | $9.6M | Current | No | 0.67x | 58% |
| May 2026 | $9.6M | Current | No | 1.67x | 58% |
| April 2026 | $9.6M | Current | No | 1.67x | 58% |
| March 2026 | $9.6M | Current | No | 1.67x | 58% |
| February 2026 | $9.6M | Current | No | 1.67x | 58% |
| January 2026 | $9.6M | Current | No | 2.13x | 99% |
| December 2025 | $9.6M | Current | No | 2.13x | 99% |
| November 2025 | $9.7M | Current | No | 2.20x | 99% |
| October 2025 | $9.7M | Current | No | 2.20x | 99% |
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 |
|---|---|---|---|---|
| Wells Fargo Commercial Mortgage Trust 2019-C54 | 26 | $9,513,584 | Sep 2026 | SEC filing, September 29, 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 |
| Southlake Office Park | Lenexa, KS | Office | $57.0M | 5.126% | Feb 2029 | 2.17x | n/a | 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 |
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.