Self storage loans in CMBS
Public CMBS trusts hold 1,144 self storage loans with $13.5B outstanding. 0.1% of that balance is with a special servicer and 0.1% is delinquent. The median loan reports 2.25x debt service coverage today against 1.71x when it was underwritten, and 88% occupancy against 91%.
When self storage loans mature
Where they are
- New York-Newark-Jersey City $822M
- Los Angeles-Long Beach-Anaheim $720M
- Phoenix-Mesa-Chandler $422M
- Miami-Fort Lauderdale-West Palm Beach $352M
- San Francisco-Oakland-Fremont $351M
- Riverside-San Bernardino-Ontario $343M
- Baton Rouge $317M
- Boston-Cambridge-Newton $286M
- Washington-Arlington-Alexandria $261M
- Dallas-Fort Worth-Arlington $211M
- Detroit-Warren-Dearborn $202M
- Atlanta-Sandy Springs-Roswell $179M
- Houston-Pasadena-The Woodlands $161M
- Las Vegas-Henderson-North Las Vegas $155M
- Indianapolis-Carmel-Greenwood $140M
Delinquent or with the special servicer
3 loans, largest first.
| Property | Location | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|
| A-Affordable Storage - Waxahachie | Midlothian, TX | $7.3M | 4.61% | Jan 2032 | n/a | n/a | With the special servicer and 90+ days delinquent |
| Fayetteville Self Storage | Fayetteville, NC | $3.3M | 4.50% | Oct 2031 | n/a | n/a | With the special servicer and 90+ days delinquent |
| CityLine Port Charlotte | Port Charlotte, FL | $3.2M | 3.86% | Jul 2026 | n/a | n/a | Past maturity and not performing |
Download every self storage loan as CSV (current month, CC BY 4.0; terms and history)
Self storage loan coming due?
Send it to Janover Capital to talk through a refinance or recapitalization.