Self storage portfolio, 12 properties · Pembroke Pines, Florida
8321 Pines Boulevard
Public CMBS trusts hold $86.7M of the loan on this portfolio at 6.122% that reaches maturity on December 6, 2030, in 4 years and 1 month. As of the Sep 2026 servicer report, the latest filed for this loan, its status is current.
The loan
- Balance in tracked trusts
- $86,700,000
- Original balance (same notes)
- $86,700,000
- Interest rate
- 6.122% fixed
- Originated
- November 17, 2025
- Maturity
- December 6, 2030
- Payments
- Interest only for the full term
- Prepayment lockout ends
- December 5, 2027
- Prepayment premium ends
- June 5, 2030 (yield maintenance)
- Master servicer
- Midland
- Originator
- Goldman Sachs Bank USA
Status
- Payment status
- Current (code 0)
- Special servicing
- No transfer reported
- Defeasance
- Partly defeased
The property
- Address
- 8321 Pines Boulevard, Pembroke Pines, FL 33024
- Metro
- Miami-Fort Lauderdale-West Palm Beach, FL
- Value at securitization
- $127.5M
Performance
| At securitization | Latest | |
|---|---|---|
| DSCR (NOI) | n/a | n/a |
| Occupancy | n/a | n/a |
| Net operating income (annualized from 3 months) | $7.5M | $5.6M |
| Debt yield | 6.4% |
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 2026-V20 Mortgage Trust filing for the reporting period ending September 11, 2026, filed with the SEC October 1, 2026.
- NOI down 20% 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
- Net operating income is 26% below the underwritten figure ($5.6M a year against $7.5M; the latest statement covers 3 months, annualized).
Properties securing the loan
| Property | Location | Type | Occupancy | DSCR |
|---|---|---|---|---|
| 8321 Pines Boulevard | Pembroke Pines, FL | Self Storage | 71% | 1.26x |
| 820 N Delsea | Vineland, NJ | Self Storage | 86% | 0.92x |
| 6504 S Crescent Blvd | Pennsauken, NJ | Self Storage | 83% | 1.25x |
| 714 S Harding Hwy | Buena, NJ | Self Storage | 74% | 0.96x |
| 2010 S University Ave | Little Rock, AR | Self Storage | 90% | 0.10x |
| Etude Self Storage Portfolio | Little Rock, AR | Self Storage | 79% | 1.30x |
| 2240 Island Ave | Philadelphia, PA | Self Storage | 64% | 0.96x |
| 1849 SW South Macedo Blvd | Port Saint Lucie, FL | Self Storage | 80% | 1.62x |
| 2211 112th Street South | Tacoma, WA | Self Storage | 77% | 0.96x |
| 1851 S East Ave | Vineland, NJ | Self Storage | 89% | 0.65x |
| 8015 Geyer Springs Rd | Little Rock, AR | Self Storage | 81% | 1.28x |
| 6100 Leon Circle | Little Rock, AR | Self Storage | 43% | 0.74x |
The last 10 monthly reports
| Report month | Balance | Payment status | Special servicer | DSCR | Occupancy |
|---|---|---|---|---|---|
| September 2026 | $86.7M | Current | No | 1.26x | 71% |
| August 2026 | $86.7M | Current | No | 1.26x | 71% |
| July 2026 | $86.7M | Current | No | 1.26x | 71% |
| June 2026 | $86.7M | Current | No | n/a | n/a |
| May 2026 | $86.7M | Current | No | n/a | n/a |
| April 2026 | $86.7M | Current | No | n/a | n/a |
| March 2026 | $86.7M | Current | No | n/a | n/a |
| February 2026 | $86.7M | Current | No | n/a | n/a |
| January 2026 | $58.5M | Current | No | n/a | n/a |
| December 2025 | $58.5M | Payment not received but still in grace period or not yet due | No | n/a | n/a |
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
The loan is split into 2 notes held by different trusts. Each trust reports its own piece.
| Trust | Loan no. | Balance | Report period | Source |
|---|---|---|---|---|
| Benchmark 2025-V19 Mortgage Trust | 2 | $58,500,000 | Sep 2026 | SEC filing, September 30, 2026 |
| Benchmark 2026-V20 Mortgage Trust | 10 | $28,200,000 | Sep 2026 | SEC filing, October 1, 2026 |
Other Miami-Fort Lauderdale-West Palm Beach loans due in 2030
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| Miami Design District | Miami, FL | Retail | $400.0M | 4.133% | Mar 2030 | 4.43x | 94% | Current |
| Las Olas City Centre | Fort Lauderdale, FL | Office | $145.0M | 6.658% | Mar 2030 | n/a | n/a | Current |
| Marriott Boca Raton | Boca Raton, FL | Hotel | $55.0M | 7.083% | Feb 2030 | 2.20x | 72% | Current |
| Bayview Corporate Tower | Fort Lauderdale, FL | Office | $54.4M | 4.50% | Jul 2030 | 1.73x | 83% | Current |
| Waterfront Clematis | West Palm Beach, FL | Mixed use | $45.0M | 3.23% | Aug 2030 | 4.69x | 95% | Current |
| Oakbrook Center | Palm Beach Gardens, FL | Office | $43.0M | 6.847% | Aug 2030 | n/a | n/a | Current |
| 150 Palmetto | Boca Raton, FL | Office | $35.5M | 7.15% | Jun 2030 | 1.49x | 92% | Current |
| Advance Auto Parts - Fort Lauderdale | Fort Lauderdale, FL | Retail | $26.5M | 3.56% | Feb 2030 | n/a | n/a | Current |
All loans maturing in 2030 · 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.