Self storage portfolio, 7 properties · Chandler, Arizona
2805 W Frye Rd
This portfolio is financed with a $40.0M CMBS loan at 7.072% that reaches maturity on October 6, 2033, in 6 years and 11 months. As of the Sep 2026 servicer report, the latest filed for this loan, its status is current.
The loan
- Balance in tracked trusts
- $40,000,000
- Original balance (same notes)
- $40,000,000
- Interest rate
- 7.072% fixed
- Originated
- September 28, 2023
- Maturity
- October 6, 2033
- Payments
- Interest only for the full term
- Prepayment lockout ended
- January 5, 2026
- Prepayment premium ends
- July 5, 2033 (yield maintenance)
- Master servicer
- Midland Loan Services
- Originator
- Goldman Sachs Bank USA
Status
- Payment status
- Current (code 0)
- Special servicing
- No transfer reported
- Defeasance
- Partly defeased
The property
- Address
- 2805 W Frye Rd, Chandler, AZ 85224
- Metro
- Phoenix-Mesa-Chandler, AZ
- Value at securitization
- $81.3M
Performance
| At securitization | Latest | |
|---|---|---|
| DSCR (NOI) | n/a | n/a |
| Occupancy | n/a | n/a |
| Net operating income | $4.2M | n/a |
Watch flags
Computed from the Benchmark 2023-B40 Mortgage Trust filing for the reporting period ending September 11, 2026, filed with the SEC September 28, 2026.
None this month. No flag in the cmbs.news screen applies to this loan.
cmbs.news's own rule-based labels on the filed fields (definitions), not a credit rating, a prediction or a view of the borrower.
Properties securing the loan
| Property | Location | Type | Occupancy | DSCR |
|---|---|---|---|---|
| 2805 W Frye Rd | Chandler, AZ | Self Storage | n/a | n/a |
| 5115 Englewood Road | Venice, FL | Self Storage | n/a | n/a |
| 745 Monument Drive | Highlands Ranch, CO | Self Storage | n/a | n/a |
| 18601 Longs Way | Parker, CO | Self Storage | n/a | n/a |
| 16650 East Alameda Parkway | Aurora, CO | Self Storage | n/a | n/a |
| Saban StorQuest | Parker, CO | Self Storage | n/a | n/a |
| 16400 E Colfax Ave | Aurora, CO | Self Storage | n/a | n/a |
The last 12 monthly reports
| Report month | Balance | Payment status | Special servicer | DSCR | Occupancy |
|---|---|---|---|---|---|
| September 2026 | $40.0M | Current | No | n/a | n/a |
| August 2026 | $40.0M | Current | No | n/a | n/a |
| July 2026 | $40.0M | Current | No | n/a | n/a |
| June 2026 | $40.0M | Current | No | n/a | n/a |
| May 2026 | $40.0M | Current | No | n/a | n/a |
| April 2026 | $40.0M | Current | No | 1.56x | 85% |
| March 2026 | $40.0M | Current | No | 1.56x | 85% |
| February 2026 | $40.0M | Current | No | 1.56x | 85% |
| January 2026 | $40.0M | Current | No | 1.56x | 85% |
| December 2025 | $40.0M | Current | No | 1.45x | 85% |
| November 2025 | $40.0M | Current | No | 1.45x | 85% |
| October 2025 | $40.0M | Current | No | 1.45x | 85% |
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 2023-B40 Mortgage Trust | 4 | $40,000,000 | Sep 2026 | SEC filing, September 28, 2026 |
Other Phoenix-Mesa-Chandler loans due in 2033
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| Conair Glendale | Glendale, AZ | Industrial | $100.0M | 6.745% | Jan 2033 | 1.79x | 100% | Current |
| 3 Palms Resort | Scottsdale,, AZ | Hotel | $14.9M | 8.57% | Nov 2033 | n/a | n/a | Current |
| Cambria Phoenix Chandler | Chandler, AZ | Hotel | $13.7M | 7.29% | Aug 2033 | 1.91x | 84% | Current |
| Towneplace Suites Glendale | Glendale, AZ | Hotel | $12.5M | 6.90% | Jan 2033 | 3.11x | 84% | Current |
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.