Retail · Santa Maria, California
Enos Ranch Retail Center
Enos Ranch Retail Center is financed with a $23.2M CMBS loan at 5.12% that reaches maturity on June 1, 2028, in 19 months. As of the Sep 2026 servicer report, the latest filed for this loan, its status is current.
The loan
- Balance in tracked trusts
- $23,159,259
- Original balance (same notes)
- $26,838,000
- Interest rate
- 5.12% fixed
- Originated
- June 1, 2018
- Maturity
- June 1, 2028
- Payments
- Amortizing over 30 years
- Prepayment lockout ended
- July 31, 2020
- Prepayment premium ends
- February 29, 2028 (yield maintenance)
- Master servicer
- Trimont LLC
- Originator
- KeyBank
Status
- Payment status
- Current (code 0)
- Special servicing
- No transfer reported
- Defeasance
- Partly defeased
The property
- Address
- 615, 621, 625, 635, 645, 715, 725, 745, 755, 765 & 775 East Betteravia Road, Santa Maria, CA 93454
- Metro
- Santa Maria-Santa Barbara, CA
- Rentable area
- 119,760 sq ft
- Built
- 2018
- Largest tenants
- Dick's Sporting Goods; HomeGoods Inc.; Petco
- Value at securitization
- $37.8M (Mar 2018)
Performance
| At securitization | Latest (Dec 2025) | |
|---|---|---|
| DSCR (NOI) | 1.36x | 1.49x |
| Occupancy | 97% | 100% |
| Net operating income | $2.4M | $2.6M |
| Debt yield | 11.3% |
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 Morgan Stanley Capital I Trust 2018-H3 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.
What the filing shows
- Occupancy has risen from 97% when the loan was securitized to 100%.
- Net operating income is 10% above the underwritten figure ($2.6M a year against $2.4M).
- Debt service coverage moved from 1.36x at securitization to 1.49x on the latest statements.
The last 12 monthly reports
| Report month | Balance | Payment status | Special servicer | DSCR | Occupancy |
|---|---|---|---|---|---|
| September 2026 | $23.2M | Current | No | 1.49x | 100% |
| August 2026 | $23.2M | Current | No | 1.49x | 100% |
| July 2026 | $23.2M | Current | No | 1.49x | 100% |
| June 2026 | $23.3M | Current | No | 1.49x | 100% |
| May 2026 | $23.3M | Current | No | 1.49x | 100% |
| April 2026 | $23.4M | Current | No | 1.56x | 100% |
| March 2026 | $23.4M | Current | No | 1.56x | 100% |
| February 2026 | $23.5M | Current | No | 1.56x | 100% |
| January 2026 | $23.5M | Current | No | 1.56x | 100% |
| December 2025 | $23.6M | Current | No | 1.56x | 100% |
| November 2025 | $23.6M | Current | No | 1.63x | 100% |
| October 2025 | $23.6M | Current | No | 1.63x | 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 2018-H3 | 13 | $23,159,259 | Sep 2026 | SEC filing, October 2, 2026 |
Other Santa Maria-Santa Barbara loans due in 2028
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| Buellton Self Storage | Buellton, CA | Self storage | $7.5M | 4.995% | Nov 2028 | 3.09x | 98% | Current |
| Self Storage of Santa Maria | Santa Maria, CA | Self storage | $2.5M | 4.89% | Oct 2028 | 3.01x | 78% | Current |
All loans maturing in 2028 · All Santa Maria-Santa Barbara 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.