property record · Industrial
1040 40th Street Southeast
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 |
|---|---|---|---|---|---|
| 2026-06-30 | 4,358,188 | 6,041,707 | 1,683,519 | 1.34 | evidence → |
| 2026-03-31 | 1,077,201 | 1,503,391 | 426,190 | 1.32 | evidence → |
| 2025-12-31 | 4,284,160 | 6,309,400 | 2,025,240 | 1.32 | evidence → |
| 2025-09-30 | 4,236,626 | 6,298,327 | 2,061,701 | 1.30 | evidence → |
| 2024-12-31 | 4,079,499 | 5,987,249 | 1,907,750 | 1.25 | evidence → |
| 2024-09-30 | 4,002,439 | 5,953,452 | 1,951,013 | 1.23 | evidence → |
| 2024-02-29 | 4,329,947 | 6,181,987 | 1,852,040 | 1.33 | evidence → |
Property record
| Field | Value | Source |
|---|---|---|
| collateral of | {"trust_cik": "0002016841", "entity_ref": "a12d9321-5d24-45fe-89f2-30e96f57946a", "originator": "Citi Real Est | evidence → |
| loan payment status | {"label": "Payment Not Received But Still in Grace Period", "value": "A", "loan_id": "6"} | evidence → |
| address | {"zip": "49508", "city": "Grand Rapids", "state": "MI", "county": "Kent", "address": "1040 40th Street Southea | evidence → |
| occupancy | {"basis": "securitization", "value": 0.973} | evidence → |
| sqft | {"basis": "securitization", "value": 950000} | evidence → |
| status | {"label": "Same as at Securitization", "value": "6", "defeased_label": "No Defeasance Occurred", "defeased_sta | evidence → |
| type | {"label": "Industrial", "value": "IN"} | evidence → |
| valuation | {"basis": "securitization", "amount": 69950000, "source": "MAI", "currency": "USD", "source_label": "Appraisal | evidence → |
| year built | {"value": 1980, "renovated": 2024} | evidence → |