property record · Industrial
3466 Shippers Drive Northwest
Commercial property in Grand Rapids, Kent County, Michigan. Income, occupancy and loan, each figure linked to the filing it comes from.
Operating income
As reported to the trustee. DSCR below 1.0 means the property does not cover its debt service.
| As of | NOI | Revenue | Expenses | DSCR | Source |
|---|---|---|---|---|---|
| 2025-09-30 | 2,009,459 | 2,929,203 | 919,744 | — | evidence → |
| 2025-09-30 | 1,966,349 | 2,782,398 | 816,049 | — | evidence → |
Property record
| Field | Value | Source |
|---|---|---|
| collateral of | {"trust_cik": "0002140978", "entity_ref": "a6888b0e-4d14-4a89-9be2-a58d05451e4c", "trust_name": "BANK5 2026-5Y | evidence → |
| address | {"zip": "49544", "city": "Grand Rapids", "state": "MI", "county": "Kent", "address": "3466 Shippers Drive Nort | evidence → |
| occupancy | {"basis": "most_recent", "value": 1} | evidence → |
| sqft | {"basis": "most_recent", "value": 343483} | evidence → |
| status | {"label": "Same as at Securitization", "value": "6"} | evidence → |
| type | {"label": "Industrial", "value": "IN"} | evidence → |
| valuation | {"basis": "securitization", "amount": 36600000, "source": "MAI", "currency": "USD", "source_label": "Appraisal | evidence → |
| year built | {"value": 2016} | evidence → |
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