Debt outstanding
$2M
1251-1253 AIRPORT RD
1251-1253 AIRPORT ROAD · Destin, FL 32541
Every loan the CMBS tape reports against this building, as each trust filed it. A
building is the grain here, not the loan: a building can be collateral in several trusts at once,
and the slices below are the pieces of its debt, not four different buildings.
Loan slices
1
Trusts
1
Type
Retail
Square feet
11,068
Year built
1996
The debt, slice by slice
| Trust | Balance | Rate | Matures | DSCR | NOI | Occupancy | Originator | Servicer | Special servicing |
|---|---|---|---|---|---|---|---|---|---|
| Wells Fargo Commercial Mortgage Trust 2017-C40 · asset 29 | $2M | 4.73% fixed | 2027-08-11 | 2.18 | under $1M | 100% | C-III Commercial Mortgage LLC | Trimont | No |
Named tenants
| Tenant | Square feet | Lease expires |
|---|---|---|
| Beach Liquors | 6,500 | 2027-04-30 |
| Merlin's Pizza Company | 1,858 | 2030-05-31 |
| HART VENTURES TOO | 1,400 | 2028-06-30 |
The asset-level exhibit names up to three tenants per
slice; where the trusts name different ones, all of them are listed.
- Built from SEC Regulation AB II asset-level filings (Form ABS-EE, Item 1(a) exhibits) as filed by each trust’s depositor. Latest filing on this building: 2026-08-27.
- Rebuilt nightly. A slice that left its pool is excluded by the tape’s own latest-filing cut, so this page shows live debt only.
- Figures are as each trust filed them and are not restated, reconciled or scored here.
See the whole picture, not just the pulse.
Metro Pulse is the free, public read. The Verstavo platform goes loan‑by‑loan — stress
scores, maturity walls, special‑servicing transfers, bank CRE, and your own portfolio benchmarked
against the market.