Self storage portfolio, 2 properties · Tavares, Florida
Compass Self Storage - Tavares
This portfolio is financed with a $17.3M CMBS loan at 6.80% that reaches maturity on August 6, 2033, in 6 years and 9 months. As of the Sep 2026 servicer report, the latest filed for this loan, its status is current.
The loan
- Balance in tracked trusts
- $17,250,000
- Original balance (same notes)
- $17,250,000
- Interest rate
- 6.80% fixed
- Originated
- July 27, 2023
- Maturity
- August 6, 2033
- Payments
- Interest only for the full term
- Prepayment lockout ends
- May 5, 2033
- Originator
- Citi Real Estate Funding Inc.
Status
- Payment status
- Current (code 0)
- Special servicing
- No transfer reported
- Defeasance
- None reported
The property
- Address
- 2601 State Road 19, Tavares, FL 32778
- Metro
- Orlando-Kissimmee-Sanford, FL
- Value at securitization
- $31.6M
Performance
| At securitization | Latest | |
|---|---|---|
| DSCR (NOI) | n/a | n/a |
| Occupancy | n/a | n/a |
| Net operating income (annualized from 6 months) | $1.8M | $2.7M |
| Debt yield | 15.7% |
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 2023-C21 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.
What the filing shows
- Net operating income is 51% above the underwritten figure ($2.7M a year against $1.8M; the latest statement covers 6 months, annualized).
Properties securing the loan
| Property | Location | Type | Occupancy | DSCR |
|---|---|---|---|---|
| Compass Self Storage - Tavares | Tavares, FL | Self Storage | 71% | 1.04x |
| Compass Self Storage - Marietta | Marietta, GA | Self Storage | 77% | 1.26x |
The last 12 monthly reports
| Report month | Balance | Payment status | Special servicer | DSCR | Occupancy |
|---|---|---|---|---|---|
| September 2026 | $17.3M | Current | No | 1.04x | 71% |
| August 2026 | $17.3M | Current | No | 1.08x | 71% |
| July 2026 | $17.3M | Current | No | 1.08x | 63% |
| June 2026 | $17.3M | Current | No | 1.08x | 63% |
| May 2026 | $17.3M | Current | No | n/a | n/a |
| April 2026 | $17.3M | Current | No | 1.06x | 60% |
| March 2026 | $17.3M | Current | No | 1.06x | 60% |
| February 2026 | $17.3M | Current | No | 1.10x | 60% |
| January 2026 | $17.3M | Current | No | 1.10x | 60% |
| December 2025 | $17.3M | Current | No | 1.10x | 60% |
| November 2025 | $17.3M | Current | No | 1.18x | 61% |
| October 2025 | $17.3M | Current | No | 1.18x | 61% |
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 2023-C21 | 14 | $17,250,000 | Sep 2026 | SEC filing, September 29, 2026 |
Other Orlando-Kissimmee-Sanford loans due in 2033
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| Orlando International Business Center | Orlando, FL | Industrial | $42.2M | 6.21% | May 2033 | n/a | n/a | Current |
| Florida Hotel and Conference Center | Orlando, FL | Hotel | $35.0M | 6.70% | May 2033 | 2.38x | 72% | Current |
| Comfort Suites Kissimmee | Kissimmee, FL | Hotel | $14.0M | 7.99% | Apr 2033 | 0.35x | 67% | Current |
| Lee Vista Retail Center | Orlando, FL | Retail | $2.8M | 8.25% | Nov 2033 | 1.37x | 100% | 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.