Self storage portfolio, 10 properties · San Francisco, California
ActivSpace Portfolio
Public CMBS trusts hold $50.0M of the loan on this portfolio at 5.738% that reaches maturity on January 6, 2031, in 4 years and 2 months. As of the Sep 2026 servicer report, the latest filed for this loan, its status is current.
The loan
- Balance in tracked trusts
- $50,000,000
- Original balance (same notes)
- $50,000,000
- Interest rate
- 5.738% fixed
- Originated
- December 9, 2025
- Maturity
- January 6, 2031
- Payments
- Interest only for the full term
- Prepayment lockout ends
- October 5, 2030
- Master servicer
- Midland
- Originator
- German American Capital Corporation
Status
- Payment status
- Current (code 0)
- Special servicing
- No transfer reported
- Defeasance
- None reported
The property
- Address
- 3150 18th Street, San Francisco, CA 94110
- Metro
- San Francisco-Oakland-Fremont, CA
- Value at securitization
- $114.6M
Performance
| At securitization | Latest | |
|---|---|---|
| DSCR (NOI) | n/a | n/a |
| Occupancy | n/a | n/a |
| Net operating income (annualized from 3 months) | $8.4M | $8.7M |
| Debt yield | 17.4% |
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 BBCMS Mortgage Trust 2026-5C40 filing for the reporting period ending September 11, 2026, filed with the SEC September 29, 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 |
|---|---|---|---|---|
| ActivSpace Portfolio | San Francisco, CA | Self Storage | 94% | 2.08x |
| 2703 Seventh St. | Berkeley, CA | Self Storage | n/a | n/a |
| 3400 Harbor Avenue | Seattle, WA | Self Storage | n/a | n/a |
| 1500 NW 18th Ave | Portland, OR | Self Storage | n/a | n/a |
| 700 NW 42nd Street | Seattle, WA | Self Storage | n/a | n/a |
| 10015 Lake City Way NE | Seattle, WA | Self Storage | n/a | n/a |
| 833 SE Main St. | Portland, OR | Self Storage | n/a | n/a |
| 1720 NW Lovejoy St. | Portland, OR | Self Storage | n/a | n/a |
| 4817 Aurora Avenue North | Seattle, WA | Self Storage | n/a | n/a |
| 4020 Leary West Northwest | Seattle, WA | Self Storage | n/a | n/a |
The last 8 monthly reports
| Report month | Balance | Payment status | Special servicer | DSCR | Occupancy |
|---|---|---|---|---|---|
| September 2026 | $50.0M | Current | No | 2.08x | 94% |
| August 2026 | $50.0M | Current | No | 2.08x | n/a |
| July 2026 | $50.0M | Current | No | 2.08x | n/a |
| June 2026 | $50.0M | Current | No | n/a | n/a |
| May 2026 | $50.0M | Current | No | n/a | n/a |
| April 2026 | $50.0M | Current | No | n/a | n/a |
| March 2026 | $50.0M | Current | No | n/a | n/a |
| February 2026 | $50.0M | Current | 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
One trust holds this loan in the data.
| Trust | Loan no. | Balance | Report period | Source |
|---|---|---|---|---|
| BBCMS Mortgage Trust 2026-5C40 | 4 | $50,000,000 | Sep 2026 | SEC filing, September 29, 2026 |
Other San Francisco-Oakland-Fremont loans due in 2031
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| SOMA Teleco Office | San Francisco, CA | Office | $102.5M | 3.66% | Apr 2031 | 1.53x | 55% | Current |
| The Veranda | Concord, CA | Retail | $100.0M | 2.99% | Oct 2031 | 3.66x | 96% | Current |
| 360 Spear Street | San Francisco, CA | Office | $87.0M | 2.768% | Jan 2031 | 4.94x | 100% | Current |
| 499 Forbes | San Francisco, CA | Industrial | $75.0M | 7.17% | Jul 2031 | n/a | n/a | Current |
| Corporate Research Center | Hayward, CA | Mixed use | $44.5M | 2.54% | Oct 2031 | 4.51x | 90% | Current |
| One Trinity Center | San Francisco, CA | Office | $40.0M | 2.91% | Jul 2031 | 3.11x | 100% | Current |
| Storquest - Richmond, Ca | Richmond, CA | Self storage | $34.0M | 3.666% | Dec 2031 | 2.12x | 88% | Current |
| 1088 Sansome | San Francisco, CA | Office | $32.3M | 3.276% | Jan 2031 | 3.18x | 100% | Current |
All loans maturing in 2031 · All San Francisco-Oakland-Fremont 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.