Self storage portfolio, 6 properties · Rio Vista, California
Airport Road Self Storage
Public CMBS trusts hold $36.5M of the loan on this portfolio at 5.144% that reaches maturity on May 6, 2032, in 5 years and 6 months. As of the Sep 2026 servicer report, the latest filed for this loan, its status is current.
The loan
- Balance in tracked trusts
- $36,494,162
- Original balance (same notes)
- $39,000,000
- Interest rate
- 5.144% fixed
- Originated
- April 21, 2022
- Maturity
- May 6, 2032
- Payments
- Amortizing over 30 years
- Prepayment lockout ends
- January 5, 2032
- Master servicer
- Midland Loan Services
- Originator
- Starwood Mortgage Capital LLC
Status
- Payment status
- Current (code 0)
- Special servicing
- No transfer reported
- Defeasance
- None reported
The property
- Address
- 1604 Airport Road, Rio Vista, CA 94571
- Metro
- Vallejo, CA
- Value at securitization
- $79.3M
Performance
| At securitization | Latest | |
|---|---|---|
| DSCR (NOI) | n/a | n/a |
| Occupancy | n/a | n/a |
| Net operating income (annualized from 3 months) | $4.2M | $3.4M |
| Debt yield | 9.3% |
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 Citigroup Commercial Mortgage Trust 2022-GC48 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.
What the filing shows
- Net operating income is 19% below the underwritten figure ($3.4M a year against $4.2M; the latest statement covers 3 months, annualized).
Properties securing the loan
| Property | Location | Type | Occupancy | DSCR |
|---|---|---|---|---|
| Airport Road Self Storage | Rio Vista, CA | Self Storage | 60% | 1.00x |
| Morada Self Storage | Stockton, CA | Self Storage | 96% | 1.60x |
| Highway 88 Self Storage | Lockeford, CA | Self Storage | 89% | 1.49x |
| Beckman Road Industrial | Lodi, CA | Industrial | 100% | 1.70x |
| Highway 99 Self Storage | Galt, CA | Self Storage | 94% | 1.32x |
| Eight Mile Road Self Storage | Lodi, CA | Self Storage | 69% | 0.98x |
The last 12 monthly reports
| Report month | Balance | Payment status | Special servicer | DSCR | Occupancy |
|---|---|---|---|---|---|
| September 2026 | $36.5M | Current | No | 1.00x | 60% |
| August 2026 | $36.5M | Current | No | 1.00x | 60% |
| July 2026 | $36.6M | Current | No | n/a | n/a |
| June 2026 | $36.7M | Current | No | n/a | n/a |
| May 2026 | $36.7M | Current | No | n/a | n/a |
| April 2026 | $36.8M | Current | No | 0.97x | n/a |
| March 2026 | $36.8M | Current | No | 0.97x | n/a |
| February 2026 | $36.9M | Current | No | 0.99x | 56% |
| January 2026 | $36.9M | Current | No | 0.99x | 56% |
| December 2025 | $37.0M | Current | No | 1.04x | 56% |
| November 2025 | $37.0M | Current | No | 1.04x | 57% |
| October 2025 | $37.1M | 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
The loan is split into 2 notes held by different trusts. Each trust reports its own piece.
| Trust | Loan no. | Balance | Report period | Source |
|---|---|---|---|---|
| BBCMS Mortgage Trust 2022-C16 | 15 | $23,393,694 | Sep 2026 | SEC filing, September 29, 2026 |
| Citigroup Commercial Mortgage Trust 2022-GC48 | 15 | $13,100,468 | Sep 2026 | SEC filing, September 28, 2026 |
Other Vallejo loans due in 2032
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| Nut Tree Plaza | Vacaville, CA | Retail | $84.0M | 4.74% | May 2032 | 2.10x | 96% | 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.