Self storage · Anchorage, Alaska
Best Storage-South
Best Storage-South is financed with a $3.5M CMBS loan at 3.69% that reaches maturity on October 6, 2029, in 2 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
- $3,500,000
- Original balance (same notes)
- $3,500,000
- Interest rate
- 3.69% fixed
- Originated
- October 2, 2019
- Maturity
- October 6, 2029
- Payments
- Interest only for the full term
- Prepayment lockout ends
- August 5, 2029
- Master servicer
- Midland Loan Services
- Originator
- Citi Real Estate Funding Inc.
Status
- Payment status
- Current (code 0)
- Special servicing
- No transfer reported
- Defeasance
- None reported
The property
- Address
- 8520 & 8611 Erin Drive, Anchorage, AK 99507
- Metro
- Anchorage, AK
- Rentable area
- 61,368 sq ft
- Units, rooms or beds
- 426
- Built
- 2002
- Value at securitization
- $7.8M (Aug 2019)
Performance
| At securitization | Latest (Jun 2026) | |
|---|---|---|
| DSCR (NOI) | 3.39x | 4.09x |
| Occupancy | 83% | 88% |
| Net operating income (annualized from 6 months) | $443K | $1.1M |
| Debt yield | 30.9% |
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 2019-B14 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.
What the filing shows
- Occupancy has risen from 83% when the loan was securitized to 88%.
- Net operating income is 144% above the underwritten figure ($1.1M a year against $443K; the latest statement covers 6 months, annualized).
- Debt service coverage moved from 3.39x at securitization to 4.09x on the latest statements.
The last 12 monthly reports
| Report month | Balance | Payment status | Special servicer | DSCR | Occupancy |
|---|---|---|---|---|---|
| September 2026 | $3.5M | Current | No | 4.09x | 88% |
| August 2026 | $3.5M | Current | No | n/a | n/a |
| July 2026 | $3.5M | Current | No | n/a | n/a |
| June 2026 | $3.5M | Current | No | n/a | n/a |
| May 2026 | $3.5M | Current | No | n/a | n/a |
| April 2026 | $3.5M | Current | No | 4.54x | 90% |
| March 2026 | $3.5M | Current | No | 4.54x | 90% |
| February 2026 | $3.5M | Current | No | 4.54x | 90% |
| January 2026 | $3.5M | Current | No | 4.54x | 90% |
| December 2025 | $3.5M | Current | No | 4.54x | 90% |
| November 2025 | $3.5M | Current | No | 4.63x | 90% |
| October 2025 | $3.5M | Current | No | 4.63x | 90% |
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 2019-B14 Mortgage Trust | 51 | $3,500,000 | Sep 2026 | SEC filing, September 28, 2026 |
Other Anchorage loans due in 2029
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| Crown Plaza Anchorage | Anchorage, AK | Hotel | $15.3M | 8.914% | Jan 2029 | 2.07x | 74% | 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.