Self storage · Miami, Florida
21st Century Storage - Miami, Fl
21st Century Storage - Miami, Fl is financed with a $4.4M CMBS loan at 4.70% that reaches maturity on January 6, 2028, in 14 months. As of the Sep 2026 servicer report, the latest filed for this loan, its status is current.
The loan
- Balance in tracked trusts
- $4,389,247
- Original balance (same notes)
- $5,200,000
- Interest rate
- 4.70% fixed
- Originated
- December 8, 2017
- Maturity
- January 6, 2028
- Payments
- Amortizing over 30 years
- Prepayment lockout ends
- October 5, 2027
- Master servicer
- Trimont LLC
- Originator
- Citi Real Estate Funding Inc.
Status
- Payment status
- Current (code 0)
- Special servicing
- No transfer reported
- Defeasance
- None reported
The property
- Address
- 200 Northwest 79th Street and 7750 Northwest 2nd Avenue, Miami, FL 33150
- Metro
- Miami-Fort Lauderdale-West Palm Beach, FL
- Units, rooms or beds
- 649
- Built
- 1955, renovated 2003
- Value at securitization
- $7.7M (Oct 2017)
Performance
| At securitization | Latest (Jun 2026) | |
|---|---|---|
| DSCR (NOI) | 1.40x | 1.51x |
| Occupancy | 91% | 79% |
| Net operating income (annualized from 6 months) | $453K | $493K |
| Debt yield | 11.2% |
Debt yield here is the latest NOI divided by the balance held in the trusts below. If part of the loan sits outside them, the true figure is lower.
Watch flags
Computed from the Benchmark 2018-B1 Mortgage Trust filing for the reporting period ending September 11, 2026, filed with the SEC October 1, 2026.
- Occupancy down 10 points or more from securitization
cmbs.news's own rule-based labels on the filed fields (definitions), not a credit rating, a prediction or a view of the borrower.
What the filing shows
- Occupancy has fallen from 91% when the loan was securitized to 79%.
- Net operating income is 9% above the underwritten figure ($493K a year against $453K; the latest statement covers 6 months, annualized).
- Debt service coverage moved from 1.40x at securitization to 1.51x on the latest statements.
The last 12 monthly reports
| Report month | Balance | Payment status | Special servicer | DSCR | Occupancy |
|---|---|---|---|---|---|
| September 2026 | $4.4M | Current | No | 1.51x | 79% |
| August 2026 | $4.4M | Current | No | 1.54x | 75% |
| July 2026 | $4.4M | Current | No | 1.54x | 75% |
| June 2026 | $4.4M | Current | No | 1.54x | 75% |
| May 2026 | $4.4M | Current | No | 1.54x | 75% |
| April 2026 | $4.4M | Current | No | 1.42x | 70% |
| March 2026 | $4.4M | Current | No | 1.42x | 70% |
| February 2026 | $4.5M | Current | No | 1.42x | 70% |
| January 2026 | $4.5M | Current | No | 1.46x | 71% |
| December 2025 | $4.5M | Current | No | 1.46x | 71% |
| November 2025 | $4.5M | Current | No | 1.46x | 71% |
| October 2025 | $4.5M | Current | No | 1.48x | 73% |
From each trust's ABS-EE filing for that month. Coverage and occupancy change only when the servicer reports new statements. If one trust holding a piece of the loan skipped a month, that month's balance reads low.
Where the loan sits
One trust holds this loan in the data.
| Trust | Loan no. | Balance | Report period | Source |
|---|---|---|---|---|
| Benchmark 2018-B1 Mortgage Trust | 44 | $4,389,247 | Sep 2026 | SEC filing, October 1, 2026 |
Other Miami-Fort Lauderdale-West Palm Beach loans due in 2028
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| Aventura Mall | Aventura, FL | Retail | $900.0M | 4.121% | Jul 2028 | n/a | n/a | Current |
| Town Center Aventura | Aventura, FL | Retail | $80.0M | 4.89% | Jul 2028 | 1.71x | 90% | Current |
| Miami Industrial Portfolio | Miami, FL | Industrial | $66.1M | 4.981% | Dec 2028 | 3.32x | 87% | Current |
| Promenade Shops at Aventura | Aventura, FL | Retail | $59.2M | 4.669% | Feb 2028 | 1.47x | 99% | Current |
| AutoNation | Fort Lauderdale, FL | Office | $55.0M | 8.25% | Dec 2028 | n/a | n/a | Current |
| Museum Tower | Miami, FL | Office | $47.0M | 6.546% | May 2028 | 1.66x | 91% | Current |
| Palm Glade Apartments | Belle Glade, FL | Multifamily | $45.0M | 6.685% | Jan 2028 | 1.84x | 98% | Current |
| Causeway Square | North Miami, FL | Mixed use | $43.2M | 5.265% | Nov 2028 | 1.66x | 95% | Current |
All loans maturing in 2028 · All Miami-Fort Lauderdale-West Palm Beach loans
Source: each trust's ABS-EE asset-data exhibit (Regulation AB Schedule AL) on SEC EDGAR, reporting period ending September 11, 2026. Servicers report these figures; cmbs.news does not audit them. How this page is built.