Morgan Stanley Bank of America Merrill Lynch Trust 2016-C32: loan annex

Data as of loan data through September 2026; ratings as held in the dataset at 2026-10-15

← Morgan Stanley Bank of America Merrill Lynch Trust 2016-C32 · CMBS market

Detail sections for the 15 loans of this deal that do not have a page of their own. Loans with a surveillance history, loans at or above the section's size threshold of $25.0M, and the largest loans in the deal have their own pages, linked from the loan table on the deal page. Every loan in the deal appears either here or on its own page.

PARKVIEW PLAZA

Property	PARKVIEW PLAZA
Address	830-898 PLAZA BOULEVARD; Lancaster, PA 17601
Property type	Retail
Units, beds or keys	not yet reported
Net rentable square feet	191,775
Year built	1985
Year last renovated	not yet reported
Original balance	$22.5M
Current balance	$18.7M (September 2026)
Share of deal balance	3.3%
Interest rate at origination	4.38%
Current interest rate	4.38%
Origination date	11-01-2016
Original term	120 months
Amortization term	360 months
Interest-only period	12 months
Scheduled maturity	2026-11-01
Prepayment lockout end	12-31-2018
Yield maintenance end	not yet reported
Servicer	Trimont LLC
Loan servicer	not yet reported
Originator	BANA
Current status	Current
Specially serviced now	No
Defeased	No

Valuation

Basis	Amount	Date	Source (as filed)
At securitization	$30.9M	09-14-2016	MAI
Most recent reported	$30.9M	2016-09-14	not yet reported

Change from securitization to the most recent reported valuation: 0.0%.

Largest tenants

Tenant	Square feet	Lease expiration
OLLIES BARGAIN OUTLET	36,416	01-31-2035
CRUNCH FITNESS	32,000	05-31-2031
T J Maxx	25,000	01-31-2029

The three largest tenants as reported in the latest asset-level record.

Latest financials

Financial period end (latest)	03-31-2026
Revenue	$693,578
Operating expenses	$302,690
Net operating income	$390,888
Net cash flow	$348,618
DSCR (net cash flow)	1.03
DSCR (net operating income)	1.16
Occupancy	91%
Servicer advances outstanding	$0

LIVONIA COMMONS

Property	LIVONIA COMMONS
Address	13507 MIDDLEBELT ROAD; Livonia, MI 48150
Property type	Retail
Units, beds or keys	not yet reported
Net rentable square feet	150,407
Year built	1962
Year last renovated	2015
Original balance	$17.5M
Current balance	$14.0M (September 2026)
Share of deal balance	2.5%
Interest rate at origination	4.16%
Current interest rate	4.16%
Origination date	09-15-2016
Original term	120 months
Amortization term	360 months
Interest-only period	not yet reported
Scheduled maturity	2026-10-01
Prepayment lockout end	12-31-2018
Yield maintenance end	not yet reported
Servicer	Trimont LLC
Loan servicer	not yet reported
Originator	MSMCH
Current status	Current
Specially serviced now	No
Defeased	No

Valuation

Basis	Amount	Date	Source (as filed)
At securitization	$24.5M	08-01-2016	MAI
Most recent reported	$24.5M	2016-08-01	not yet reported

Change from securitization to the most recent reported valuation: 0.0%.

Largest tenants

Tenant	Square feet	Lease expiration
Dick's Sporting Goods	53,540	01-31-2031
Auto Zone	30,434	08-31-2031
Ross Dress for Less	24,100	01-31-2030

The three largest tenants as reported in the latest asset-level record.

Latest financials

Financial period end (latest)	06-30-2026
Revenue	$1.2M
Operating expenses	$306,623
Net operating income	$892,083
Net cash flow	$824,312
DSCR (net cash flow)	1.61
DSCR (net operating income)	1.75
Occupancy	100%
Servicer advances outstanding	$0

CARELTON COURTYARD AND UNIVERSITY PLACE

Property	CARELTON COURTYARD AND UNIVERSITY PLACE
Address	215 MARKET STREET AND 711 ST. MARYS BOULEVARD; Galveston, TX 77550
Property type	Multifamily
Units, beds or keys	257
Net rentable square feet	not yet reported
Year built	1972
Year last renovated	2016
Original balance	$13.0M
Current balance	$11.3M (September 2026)
Share of deal balance	2.0%
Interest rate at origination	4.22%
Current interest rate	4.22%
Origination date	09-02-2016
Original term	120 months
Amortization term	360 months
Interest-only period	36 months
Scheduled maturity	2026-10-01
Prepayment lockout end	12-31-2018
Yield maintenance end	not yet reported
Servicer	Trimont LLC
Loan servicer	not yet reported
Originator	CIBC
Current status	Current
Specially serviced now	No
Defeased	No

Valuation

Basis	Amount	Date	Source (as filed)
At securitization	$17.3M	07-25-2016	MAI
Most recent reported	$17.3M	2016-07-25	not yet reported

Change from securitization to the most recent reported valuation: 0.0%.

Latest financials

Financial period end (latest)	06-30-2026
Revenue	$1.4M
Operating expenses	$871,803
Net operating income	$520,311
Net cash flow	$498,852
DSCR (net cash flow)	1.31
DSCR (net operating income)	1.36
Occupancy	94%
Servicer advances outstanding	$0

ALICIA OFFICE PARK

Property	ALICIA OFFICE PARK
Address	25201, 25231, 25241 PASEO DE ALICIA; Laguna Hills, CA 92653
Property type	Office
Units, beds or keys	not yet reported
Net rentable square feet	87,566
Year built	1979
Year last renovated	2007
Original balance	$12.2M
Current balance	$10.0M (September 2026)
Share of deal balance	1.8%
Interest rate at origination	4.81%
Current interest rate	4.81%
Origination date	11-10-2016
Original term	120 months
Amortization term	360 months
Interest-only period	not yet reported
Scheduled maturity	2026-12-06
Prepayment lockout end	01-05-2019
Yield maintenance end	not yet reported
Servicer	Trimont LLC
Loan servicer	not yet reported
Originator	SMF III
Current status	Current
Specially serviced now	No
Defeased	No

Valuation

Basis	Amount	Date	Source (as filed)
At securitization	$19.0M	10-24-2016	MAI
Most recent reported	$19.0M	2016-10-24	not yet reported

Change from securitization to the most recent reported valuation: 0.0%.

Largest tenants

Tenant	Square feet	Lease expiration
Paragon Forensics LLC	7,429	12-31-2050
Autism Learning Partners LLC	5,424	09-30-2028
Eide Bailly LLP	5,253	07-31-2026

The three largest tenants as reported in the latest asset-level record.

Latest financials

Financial period end (latest)	03-31-2026
Revenue	$535,916
Operating expenses	$249,464
Net operating income	$286,452
Net cash flow	$260,182
DSCR (net cash flow)	1.35
DSCR (net operating income)	1.49
Occupancy	88%
Servicer advances outstanding	$0

BAY AREA SELF STORAGE PHASE 1

Property	BAY AREA SELF STORAGE PHASE 1
Address	151 INDUSTRIAL ROAD; San Carlos, CA 94070
Property type	Self storage
Units, beds or keys	not yet reported
Net rentable square feet	61,735
Year built	1996
Year last renovated	not yet reported
Original balance	$8.8M
Current balance	$8.8M (September 2026)
Share of deal balance	1.5%
Interest rate at origination	4.02%
Current interest rate	4.02%
Origination date	11-10-2016
Original term	120 months
Amortization term	not yet reported
Interest-only period	120 months
Scheduled maturity	2026-12-01
Prepayment lockout end	12-31-2018
Yield maintenance end	07-31-2026
Servicer	Trimont LLC
Loan servicer	not yet reported
Originator	BANA
Current status	Current
Specially serviced now	No
Defeased	No

Valuation

Basis	Amount	Date	Source (as filed)
At securitization	$15.5M	09-28-2016	MAI
Most recent reported	$15.5M	2016-09-28	not yet reported

Change from securitization to the most recent reported valuation: 0.0%.

Latest financials

Financial period end (latest)	06-30-2026
Revenue	$955,829
Operating expenses	$190,502
Net operating income	$765,327
Net cash flow	$760,701
DSCR (net cash flow)	4.27
DSCR (net operating income)	4.30
Occupancy	100%
Servicer advances outstanding	$0

105 SOUTH YORK STREET

Property	105 SOUTH YORK STREET
Address	105 SOUTH YORK STREET; Elmhurst, IL 60126
Property type	Mixed use
Units, beds or keys	not yet reported
Net rentable square feet	49,334
Year built	1927
Year last renovated	2014
Original balance	$8.9M
Current balance	$7.8M (September 2026)
Share of deal balance	1.4%
Interest rate at origination	4.92%
Current interest rate	4.92%
Origination date	11-14-2016
Original term	120 months
Amortization term	360 months
Interest-only period	30 months
Scheduled maturity	2026-12-01
Prepayment lockout end	12-31-2018
Yield maintenance end	not yet reported
Servicer	Trimont LLC
Loan servicer	not yet reported
Originator	CIBC
Current status	Current
Specially serviced now	No
Defeased	No

Valuation

Basis	Amount	Date	Source (as filed)
At securitization	$12.2M	09-28-2016	MAI
Most recent reported	$12.2M	2016-09-28	not yet reported

Change from securitization to the most recent reported valuation: 0.0%.

Largest tenants

Tenant	Square feet	Lease expiration
Fifth Third Elmhurst	14,436	02-29-2028
Pazzi di Pizza	5,570	01-31-2029
SKN Institute	5,000	09-30-2034

The three largest tenants as reported in the latest asset-level record.

Latest financials

Financial period end (latest)	03-31-2026
Revenue	$405,371
Operating expenses	$144,628
Net operating income	$260,743
Net cash flow	$240,269
DSCR (net cash flow)	1.69
DSCR (net operating income)	1.84
Occupancy	100%
Servicer advances outstanding	$0

GATEWAY PLAZA

Property	GATEWAY PLAZA
Address	1000, 1010, 1026, 1034, 1038, 1040, 1050, 1060, 1070, 1076, 1078, 1080, 1086 AND 1096 SOUTH SABLE BOULEVARD; 14551, 14561, 14571, 14573, 14581 AND 14593 EAST MISSISSIPPI AVENUE; Aurora, CO 80012
Property type	Retail
Units, beds or keys	not yet reported
Net rentable square feet	100,948
Year built	1984
Year last renovated	not yet reported
Original balance	$7.0M
Current balance	$5.7M (September 2026)
Share of deal balance	1.0%
Interest rate at origination	4.73%
Current interest rate	4.73%
Origination date	11-01-2016
Original term	120 months
Amortization term	360 months
Interest-only period	not yet reported
Scheduled maturity	2026-11-01
Prepayment lockout end	12-31-2018
Yield maintenance end	not yet reported
Servicer	Trimont LLC
Loan servicer	not yet reported
Originator	KeyBank
Current status	Current
Specially serviced now	No
Defeased	No

Valuation

Basis	Amount	Date	Source (as filed)
At securitization	$12.6M	10-10-2016	MAI
Most recent reported	$12.6M	2016-10-10	not yet reported

Change from securitization to the most recent reported valuation: 0.0%.

Largest tenants

Tenant	Square feet	Lease expiration
ARC Thrift Stores	27,720	09-30-2029
Nabil LLC	10,000	04-30-2025
Hibachi Grill	10,000	11-30-2031

The three largest tenants as reported in the latest asset-level record.

Latest financials

Financial period end (latest)	12-31-2025
Revenue	$1.8M
Operating expenses	$923,464
Net operating income	$913,482
Net cash flow	$771,241
DSCR (net cash flow)	1.76
DSCR (net operating income)	2.09
Occupancy	94%
Servicer advances outstanding	$0

STORQUEST - OAKLAND, CA

Property	STORQUEST - OAKLAND, CA
Address	4601 SHATTUCK AVENUE; Oakland, CA 94609
Property type	Self storage
Units, beds or keys	not yet reported
Net rentable square feet	16,427
Year built	1929
Year last renovated	not yet reported
Original balance	$5.6M
Current balance	$5.1M (September 2026)
Share of deal balance	0.9%
Interest rate at origination	4.30%
Current interest rate	4.30%
Origination date	11-07-2016
Original term	120 months
Amortization term	360 months
Interest-only period	60 months
Scheduled maturity	2026-12-01
Prepayment lockout end	12-31-2018
Yield maintenance end	not yet reported
Servicer	Trimont LLC
Loan servicer	not yet reported
Originator	BANA
Current status	Current
Specially serviced now	No
Defeased	No

Valuation

Basis	Amount	Date	Source (as filed)
At securitization	$8.9M	09-21-2016	MAI
Most recent reported	$8.9M	2016-09-21	not yet reported

Change from securitization to the most recent reported valuation: 0.0%.

Latest financials

Financial period end (latest)	06-30-2026
Revenue	$546,539
Operating expenses	$157,788
Net operating income	$388,751
Net cash flow	$386,287
DSCR (net cash flow)	2.32
DSCR (net operating income)	2.34
Occupancy	81%
Servicer advances outstanding	$0

BAY AREA SELF STORAGE PHASE 2

Property	BAY AREA SELF STORAGE PHASE 2
Address	100 INDUSTRIAL ROAD; San Carlos, CA 94070
Property type	Self storage
Units, beds or keys	not yet reported
Net rentable square feet	39,515
Year built	1997
Year last renovated	not yet reported
Original balance	$5.0M
Current balance	$5.0M (September 2026)
Share of deal balance	0.9%
Interest rate at origination	4.02%
Current interest rate	4.02%
Origination date	11-10-2016
Original term	120 months
Amortization term	not yet reported
Interest-only period	120 months
Scheduled maturity	2026-12-01
Prepayment lockout end	12-31-2018
Yield maintenance end	07-31-2026
Servicer	Trimont LLC
Loan servicer	not yet reported
Originator	BANA
Current status	Current
Specially serviced now	No
Defeased	No

Valuation

Basis	Amount	Date	Source (as filed)
At securitization	$10.0M	09-28-2016	MAI
Most recent reported	$10.0M	2016-09-28	not yet reported

Change from securitization to the most recent reported valuation: 0.0%.

Latest financials

Financial period end (latest)	06-30-2026
Revenue	$562,812
Operating expenses	$117,438
Net operating income	$445,374
Net cash flow	$442,476
DSCR (net cash flow)	4.35
DSCR (net operating income)	4.38
Occupancy	100%
Servicer advances outstanding	$0

VISTA LOFTS

Property	VISTA LOFTS
Address	701 GERVAIS STREET; Columbia, SC 29201
Property type	Mixed use
Units, beds or keys	not yet reported
Net rentable square feet	36,431
Year built	2002
Year last renovated	not yet reported
Original balance	$5.0M
Current balance	$4.4M (September 2026)
Share of deal balance	0.8%
Interest rate at origination	5.09%
Current interest rate	5.09%
Origination date	11-10-2016
Original term	120 months
Amortization term	360 months
Interest-only period	24 months
Scheduled maturity	2026-12-01
Prepayment lockout end	12-31-2018
Yield maintenance end	not yet reported
Servicer	Trimont LLC
Loan servicer	not yet reported
Originator	CIBC
Current status	Current
Specially serviced now	No
Defeased	No

Valuation

Basis	Amount	Date	Source (as filed)
At securitization	$7.1M	08-17-2016	MAI
Most recent reported	$7.1M	2016-08-17	not yet reported

Change from securitization to the most recent reported valuation: 0.0%.

Largest tenants

Tenant	Square feet	Lease expiration
PNC Bank N A.	4,391	03-31-2030
Gervais Nail and Spa	4,115	07-31-2027
University Industry Demonstration	3,745	05-31-2029

The three largest tenants as reported in the latest asset-level record.

Latest financials

Financial period end (latest)	06-30-2026
Revenue	$970,329
Operating expenses	$380,585
Net operating income	$589,744
Net cash flow	$557,533
DSCR (net cash flow)	1.71
DSCR (net operating income)	1.81
Occupancy	97%
Servicer advances outstanding	$0

CHESTNUT COMMONS

Property	CHESTNUT COMMONS
Address	605, 609, 629, 633, 637, 641, 645, 649, 653, 657, 661, 665, 667 ,677, 803, 811, 815, 819, 823 AND 831 CHESTNUT COMMONS DRIVE; Elyria, OH 44035
Property type	Retail
Units, beds or keys	not yet reported
Net rentable square feet	47,552
Year built	2007
Year last renovated	not yet reported
Original balance	$5.2M
Current balance	$4.3M (September 2026)
Share of deal balance	0.8%
Interest rate at origination	5.03%
Current interest rate	5.03%
Origination date	11-10-2016
Original term	120 months
Amortization term	360 months
Interest-only period	not yet reported
Scheduled maturity	2026-12-01
Prepayment lockout end	12-31-2018
Yield maintenance end	not yet reported
Servicer	Trimont LLC
Loan servicer	not yet reported
Originator	KeyBank
Current status	Current
Specially serviced now	No
Defeased	No

Valuation

Basis	Amount	Date	Source (as filed)
At securitization	$8.7M	10-10-2016	MAI
Most recent reported	$8.7M	2016-10-10	not yet reported

Change from securitization to the most recent reported valuation: 0.0%.

Largest tenants

Tenant	Square feet	Lease expiration
OHIO DEPT OF PUBLIC SAFETY	5,711	06-30-2027
JOHN AND CRYSTAL SCHEIDER(ANY	4,560	12-31-2027
Smile Brands Inc.	4,493	05-31-2031

The three largest tenants as reported in the latest asset-level record.

Latest financials

Financial period end (latest)	12-31-2025
Revenue	$1.1M
Operating expenses	$384,710
Net operating income	$747,679
Net cash flow	$675,920
DSCR (net cash flow)	1.99
DSCR (net operating income)	2.20
Occupancy	96%
Servicer advances outstanding	$0

2601 WESTINGHOUSE BOULEVARD

Property	2601 WESTINGHOUSE BOULEVARD
Address	2601 WESTINGHOUSE BOULEVARD; Charlotte, NC 28273
Property type	Industrial
Units, beds or keys	not yet reported
Net rentable square feet	107,635
Year built	1982
Year last renovated	1990
Original balance	$3.4M
Current balance	$3.1M (September 2026)
Share of deal balance	0.5%
Interest rate at origination	4.53%
Current interest rate	4.53%
Origination date	11-04-2016
Original term	120 months
Amortization term	360 months
Interest-only period	60 months
Scheduled maturity	2026-12-01
Prepayment lockout end	12-31-2018
Yield maintenance end	not yet reported
Servicer	Trimont LLC
Loan servicer	not yet reported
Originator	CIBC
Current status	Current
Specially serviced now	No
Defeased	No

Valuation

Basis	Amount	Date	Source (as filed)
At securitization	$5.2M	09-26-2016	MAI
Most recent reported	$5.2M	2016-09-26	not yet reported

Change from securitization to the most recent reported valuation: 0.0%.

Largest tenants

Tenant	Square feet	Lease expiration
Carter Lumber Co	107,635	09-29-2026

The three largest tenants as reported in the latest asset-level record.

Latest financials

Financial period end (latest)	06-30-2026
Revenue	$208,836
Operating expenses	$6,265
Net operating income	$202,571
Net cash flow	$189,116
DSCR (net cash flow)	1.83
DSCR (net operating income)	1.96
Occupancy	100%
Servicer advances outstanding	$0

MANASSAS CROSSROADS

Property	MANASSAS CROSSROADS
Address	10689-10695 SUDLEY MANOR DRIVE; Manassas, VA 20109
Property type	Retail
Units, beds or keys	not yet reported
Net rentable square feet	12,515
Year built	2009
Year last renovated	not yet reported
Original balance	$3.0M
Current balance	$3.0M (September 2026)
Share of deal balance	0.5%
Interest rate at origination	3.90%
Current interest rate	3.90%
Origination date	11-09-2016
Original term	120 months
Amortization term	not yet reported
Interest-only period	120 months
Scheduled maturity	2026-12-01
Prepayment lockout end	12-31-2018
Yield maintenance end	08-31-2026
Servicer	Trimont LLC
Loan servicer	not yet reported
Originator	BANA
Current status	Current
Specially serviced now	No
Defeased	No

Valuation

Basis	Amount	Date	Source (as filed)
At securitization	$7.0M	10-08-2016	MAI
Most recent reported	$7.0M	2016-10-08	not yet reported

Change from securitization to the most recent reported valuation: 0.0%.

Largest tenants

Tenant	Square feet	Lease expiration
ismile Dental Associates	2,345	02-28-2029
Panda Express	2,306	04-30-2028
Battery Life LLC	1,628	10-31-2027

The three largest tenants as reported in the latest asset-level record.

Latest financials

Financial period end (latest)	03-31-2026
Revenue	$204,363
Operating expenses	$35,529
Net operating income	$168,834
Net cash flow	$160,287
DSCR (net cash flow)	5.48
DSCR (net operating income)	5.77
Occupancy	100%
Servicer advances outstanding	$0

CVS PHARMACY - SANFORD, FL

Property	CVS PHARMACY - SANFORD, FL
Address	3798 SOUTH ORLANDO DRIVE; Sanford, FL 32773
Property type	Retail
Units, beds or keys	not yet reported
Net rentable square feet	10,908
Year built	2000
Year last renovated	not yet reported
Original balance	$3.1M
Current balance	$2.5M (September 2026)
Share of deal balance	0.5%
Interest rate at origination	4.78%
Current interest rate	4.78%
Origination date	11-07-2016
Original term	120 months
Amortization term	360 months
Interest-only period	not yet reported
Scheduled maturity	2026-12-01
Prepayment lockout end	12-31-2018
Yield maintenance end	not yet reported
Servicer	Trimont LLC
Loan servicer	not yet reported
Originator	CIBC
Current status	Current
Specially serviced now	No
Defeased	No

Valuation

Basis	Amount	Date	Source (as filed)
At securitization	$4.8M	10-13-2016	MAI
Most recent reported	$4.8M	2016-10-13	not yet reported

Change from securitization to the most recent reported valuation: 0.0%.

Largest tenants

Tenant	Square feet	Lease expiration
CVS	11,200	11-30-2031

The three largest tenants as reported in the latest asset-level record.

Latest financials

Financial period end (latest)	06-30-2026
Revenue	$136,015
Operating expenses	$1,655
Net operating income	$134,360
Net cash flow	$134,360
DSCR (net cash flow)	1.38
DSCR (net operating income)	1.38
Occupancy	100%
Servicer advances outstanding	$0

WALGREENS - ALMA, MI

Property	WALGREENS - ALMA, MI
Address	1420 WRIGHT AVENUE; Alma, MI 48801
Property type	Retail
Units, beds or keys	not yet reported
Net rentable square feet	14,820
Year built	2006
Year last renovated	not yet reported
Original balance	$3.4M
Current balance	$2.5M (September 2026)
Share of deal balance	0.4%
Interest rate at origination	4.75%
Current interest rate	4.75%
Origination date	10-26-2016
Original term	120 months
Amortization term	300 months
Interest-only period	not yet reported
Scheduled maturity	2026-11-01
Prepayment lockout end	12-31-2018
Yield maintenance end	not yet reported
Servicer	Trimont LLC
Loan servicer	not yet reported
Originator	KeyBank
Current status	Current
Specially serviced now	No
Defeased	No

Valuation

Basis	Amount	Date	Source (as filed)
At securitization	$5.8M	08-24-2016	MAI
Most recent reported	$5.8M	2016-08-24	not yet reported

Change from securitization to the most recent reported valuation: 0.0%.

Largest tenants

Tenant	Square feet	Lease expiration
Walgreens	14,820	12-31-2050

The three largest tenants as reported in the latest asset-level record.

Latest financials

Financial period end (latest)	03-31-2026
Revenue	$350,000
Operating expenses	$65,455
Net operating income	$284,545
Net cash flow	$279,951
DSCR (net cash flow)	1.22
DSCR (net operating income)	1.24
Occupancy	0%
Servicer advances outstanding	$0