Retail · Pensacola, Florida
BJ's Wholesale Club, Pensacola
BJ's Wholesale Club is financed with a $14.8M CMBS loan at 3.68% that reaches maturity on September 1, 2031, in 4 years and 10 months. As of the Sep 2026 servicer report, the latest filed for this loan, its status is current.
The loan
- Balance in tracked trusts
- $14,850,000
- Original balance (same notes)
- $14,850,000
- Interest rate
- 3.68% fixed
- Originated
- August 31, 2021
- Maturity
- September 1, 2031
- Payments
- Amortizing
- Master servicer
- KeyBank Real Estate Capital
- Originator
- KeyBank
Status
- Payment status
- Not reported
- Special servicing
- No transfer reported
- Defeasance
- Partly defeased
The property
- Address
- 7005 N Davis Hwy, Pensacola, FL 32504
- Metro
- Pensacola-Ferry Pass-Brent, FL
- Rentable area
- 98,883 sq ft
- Built
- 2020
- Largest tenants
- BJ's Wholesale Club
- Value at securitization
- $24.7M (Jul 2021)
Performance
| At securitization | Latest (Dec 2025) | |
|---|---|---|
| DSCR (NOI) | n/a | 2.43x |
| Occupancy | 100% | 100% |
| Net operating income | n/a | $1.3M |
| Debt yield | 9.1% |
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 Morgan Stanley Capital I Trust 2021-L7 filing for the reporting period ending September 11, 2026, filed with the SEC October 2, 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.
The last 12 monthly reports
| Report month | Balance | Payment status | Special servicer | DSCR | Occupancy |
|---|---|---|---|---|---|
| September 2026 | $14.8M | Not reported | No | 2.43x | 100% |
| August 2026 | $14.8M | Not reported | No | 2.43x | 100% |
| July 2026 | $14.8M | Not reported | No | 2.43x | 100% |
| June 2026 | $14.8M | Not reported | No | 2.43x | 100% |
| May 2026 | $14.8M | Not reported | No | 2.43x | 100% |
| April 2026 | $14.8M | Not reported | No | 2.43x | 100% |
| March 2026 | $14.8M | Not reported | No | 2.43x | 100% |
| February 2026 | $14.8M | Not reported | No | 2.43x | 100% |
| January 2026 | $14.8M | Not reported | No | 2.43x | 100% |
| December 2025 | $14.8M | Not reported | No | 2.50x | 100% |
| November 2025 | $14.8M | Not reported | No | 2.66x | 100% |
| October 2025 | $14.8M | Not reported | No | 2.50x | 100% |
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 |
|---|---|---|---|---|
| Morgan Stanley Capital I Trust 2021-L7 | 19 | $14,850,000 | Sep 2026 | SEC filing, October 2, 2026 |
Other Pensacola-Ferry Pass-Brent loans due in 2031
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| Publix - Gulf Breeze | Gulf Breeze, FL | Retail | $42.5M | 3.375% | May 2031 | n/a | n/a | Current |
| Tiger Point Pavilion | Gulf Breeze, FL | Retail | $9.6M | 3.271% | Oct 2031 | n/a | n/a | Current |
| Sunshine Self Storage Pensacola | Pensacola, FL | Self storage | $5.7M | 3.49% | Jan 2031 | 2.48x | 90% | Current |
| Bay Oaks Apartments | Pensacola, FL | Multifamily | $5.5M | 3.30% | Sep 2031 | 1.67x | n/a | Current |
All loans maturing in 2031 · All Pensacola-Ferry Pass-Brent 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.