Self storage · Virginia Beach, Virginia
American Classic Self Storage
American Classic Self Storage is financed with a $4.0M CMBS loan at 3.70% that reaches maturity on August 6, 2029, in 2 years and 9 months. As of the Oct 2026 servicer report its status is current.
The loan
- Balance in tracked trusts
- $4,000,000
- Original balance (same notes)
- $4,000,000
- Interest rate
- 3.70% fixed
- Originated
- July 15, 2019
- Maturity
- August 6, 2029
- Payments
- Interest only for the full term
- Prepayment lockout ends
- May 5, 2029
- 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
- 1608 Centerville Turnpike, Virginia Beach, VA 23464
- Metro
- Virginia Beach-Chesapeake-Norfolk, VA-NC
- Rentable area
- 91,650 sq ft
- Units, rooms or beds
- 698
- Built
- 1997
- Value at securitization
- $7.9M (Jun 2019)
Performance
| At securitization | Latest (Jun 2026) | |
|---|---|---|
| DSCR (NOI) | 3.14x | 3.94x |
| Occupancy | 79% | 85% |
| Net operating income (annualized from 6 months) | $471K | $1.2M |
| Debt yield | 29.8% |
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 GS Mortgage Securities Trust 2019-GSA1 filing for the reporting period ending October 6, 2026, filed with the SEC October 22, 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
- Occupancy has risen from 79% when the loan was securitized to 85%.
- Net operating income is 153% above the underwritten figure ($1.2M a year against $471K; the latest statement covers 6 months, annualized).
- Debt service coverage moved from 3.14x at securitization to 3.94x on the latest statements.
The last 12 monthly reports
| Report month | Balance | Payment status | Special servicer | DSCR | Occupancy |
|---|---|---|---|---|---|
| October 2026 | $4.0M | Current | No | 3.94x | 85% |
| September 2026 | $4.0M | Current | No | 3.94x | 85% |
| August 2026 | $4.0M | Current | No | n/a | n/a |
| July 2026 | $4.0M | Current | No | n/a | n/a |
| June 2026 | $4.0M | Current | No | n/a | n/a |
| May 2026 | $4.0M | Current | No | n/a | n/a |
| April 2026 | $4.0M | Current | No | 3.96x | 77% |
| March 2026 | $4.0M | Current | No | 3.96x | 77% |
| February 2026 | $4.0M | Current | No | 3.96x | 77% |
| January 2026 | $4.0M | Current | No | 4.08x | 76% |
| December 2025 | $4.0M | Current | No | 4.08x | 76% |
| November 2025 | $4.0M | Current | No | 4.08x | 76% |
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 |
|---|---|---|---|---|
| GS Mortgage Securities Trust 2019-GSA1 | 47 | $4,000,000 | Oct 2026 | SEC filing, October 22, 2026 |
Other Virginia Beach-Chesapeake-Norfolk loans due in 2029
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| Battlefield Tech I - Battlefield | Chesapeake, VA | Office | $108.2M | 5.30% | Apr 2029 | n/a | n/a | Current |
| Dominion Tower | Norfolk, VA | Office | $57.2M | 5.29% | Jan 2029 | 1.49x | 65% | With the special servicer |
| Christopher Crossing Apartments | Newport News, VA | Multifamily | $42.0M | 6.61% | Nov 2029 | 1.55x | 92% | Current |
| Town Point Center | Norfolk, VA | Office | $14.5M | 5.35% | Jan 2029 | n/a | n/a | With the special servicer and 90+ days delinquent |
| London Bridge Industrial | Virginia Beach, VA | Industrial | $14.0M | 6.56% | Aug 2029 | 1.48x | 100% | Current |
| Delta Hotels | Chesapeake, VA | Hotel | $13.8M | 4.65% | Oct 2029 | n/a | n/a | Current |
| Springhill Suites Chesapeake | Chesapeake, VA | Hotel | $10.5M | 4.90% | Jun 2029 | 1.83x | 80% | Current |
| Harbourview North | Suffolk, VA | Retail | $9.5M | 4.98% | Apr 2029 | n/a | n/a | Current |
All loans maturing in 2029 · All Virginia Beach-Chesapeake-Norfolk loans
Source: each trust's ABS-EE asset-data exhibit (Regulation AB Schedule AL) on SEC EDGAR, reporting period ending October 6, 2026. Servicers report these figures; cmbs.news does not audit them. How this page is built.