property record · Industrial
40400 Grand River Avenue
Commercial property in Novi, Oakland 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 |
|---|---|---|---|---|---|
| 2025-12-31 | 683,387 | 1,112,823 | 429,435 | 1.62 | evidence → |
| 2025-09-30 | 484,684 | 836,036 | 351,351 | 1.58 | evidence → |
| 2025-06-30 | 720,007 | 1,096,372 | 376,364 | 1.88 | evidence → |
| 2024-12-31 | 684,341 | 1,055,006 | 370,665 | 1.79 | evidence → |
| 2024-09-30 | 642,590 | 991,205 | 348,615 | 1.68 | evidence → |
| 2024-06-30 | 358,463 | 552,475 | 194,012 | 1.87 | evidence → |
| 2023-12-31 | 693,866 | 944,585 | 250,720 | 1.82 | evidence → |
| 2023-09-30 | 432,540 | 730,128 | 297,587 | 1.51 | evidence → |
| 2023-06-30 | 163,101 | 249,318 | 86,216 | 0.86 | evidence → |
| 2022-03-25 | 662,450 | 977,416 | 314,965 | 1.43 | evidence → |
Property record
| Field | Value | Source |
|---|---|---|
| collateral of | {"trust_cik": "0001937985", "entity_ref": "84b8af98-ba1f-4c6b-9c10-774ed46eb694", "originator": "Barclays Capi | evidence → |
| loan payment status | {"label": "Late Payment But Less Than 30 Days Delinquent", "value": "B", "loan_id": "40"} | evidence → |
| address | {"zip": "48375", "city": "Novi", "state": "MI", "county": "Oakland", "address": "40400 Grand River Avenue"} | evidence → |
| occupancy | {"basis": "most_recent", "value": 0.9712} | evidence → |
| sqft | {"basis": "most_recent", "value": 102500} | evidence → |
| status | {"label": "Same as at Securitization", "value": "6", "defeased_label": "No Defeasance Occurred", "defeased_sta | evidence → |
| type | {"label": "Industrial", "value": "IN"} | evidence → |
| units | {"basis": "most_recent", "value": 0} | evidence → |
| valuation | {"basis": "securitization", "amount": 9500000, "source": "MAI", "currency": "USD", "source_label": "Appraisal | evidence → |
| year built | {"value": 1987} | evidence → |