Self storage · Oxnard, California
Esplanade Mini Storage
Esplanade Mini Storage is financed with a $4.0M CMBS loan at 4.43% that reaches maturity on December 11, 2027, in 13 months. As of the Sep 2026 servicer report, the latest filed for this loan, its status is current.
The loan
- Balance in tracked trusts
- $4,000,000
- Original balance (same notes)
- $4,000,000
- Interest rate
- 4.43% fixed
- Originated
- November 30, 2017
- Maturity
- December 11, 2027
- Payments
- Interest only for the full term
- Prepayment lockout ends
- September 10, 2027
- Master servicer
- Trimont LLC
- Originator
- Wells Fargo Bank, National Association
Status
- Payment status
- Current (code 0)
- Special servicing
- No transfer reported
- Defeasance
- None reported
The property
- Address
- 2180 Craig Drive, Oxnard, CA 93036
- Metro
- Oxnard-Thousand Oaks-Ventura, CA
- Rentable area
- 73,635 sq ft
- Units, rooms or beds
- 614
- Built
- 1984
- Value at securitization
- $8.2M (Oct 2017)
Performance
| At securitization | Latest (Jun 2026) | |
|---|---|---|
| DSCR (NOI) | 2.55x | 4.13x |
| Occupancy | 90% | 79% |
| Net operating income (annualized from 6 months) | $458K | $747K |
| Debt yield | 18.7% |
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 BANK 2018-BNK10 filing for the reporting period ending September 11, 2026, filed with the SEC September 29, 2026.
- Occupancy down 10 points or more from securitization
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 fallen from 90% when the loan was securitized to 79%.
- Net operating income is 63% above the underwritten figure ($747K a year against $458K; the latest statement covers 6 months, annualized).
- Debt service coverage moved from 2.55x at securitization to 4.13x on the latest statements.
The last 11 monthly reports
| Report month | Balance | Payment status | Special servicer | DSCR | Occupancy |
|---|---|---|---|---|---|
| September 2026 | $4.0M | Current | No | 4.13x | 79% |
| August 2026 | $4.0M | Current | No | 4.13x | 79% |
| July 2026 | $4.0M | Current | No | 4.61x | 81% |
| June 2026 | $4.0M | Current | No | 4.61x | 81% |
| May 2026 | $4.0M | Current | No | 3.51x | 78% |
| April 2026 | $4.0M | Current | No | 3.51x | 78% |
| February 2026 | $4.0M | Current | No | 3.51x | 78% |
| January 2026 | $4.0M | Current | No | 3.51x | 78% |
| December 2025 | $4.0M | Current | No | 3.51x | 78% |
| November 2025 | $4.0M | Current | No | 3.51x | 78% |
| October 2025 | $4.0M | Current | No | 3.15x | 78% |
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 |
|---|---|---|---|---|
| BANK 2018-BNK10 | 52 | $4,000,000 | Sep 2026 | SEC filing, September 29, 2026 |
Other Oxnard-Thousand Oaks-Ventura loans due in 2027
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| The Landing, Westlake Village | Westlake Village, CA | Office | $23.9M | 4.841% | Jun 2027 | 1.37x | 95% | Current |
| Residence Inn Westlake | Westlake Village, CA | Hotel | $20.4M | 4.06% | Jun 2027 | 1.22x | 74% | Current |
| Lowes Ground Lease - Oxnard, Ca | Oxnard, CA | Other | $19.0M | 4.33% | Dec 2027 | 1.88x | 100% | Current |
| 696 Hampshire Road | Thousand Oaks, CA | Office | $17.9M | 4.45% | Apr 2027 | 1.13x | 80% | Current |
| Simi Valley Industrial Park | Simi Valley, CA | Industrial | $11.6M | 3.942% | Oct 2027 | 3.18x | 78% | Current |
| Conejo Business Center | Thousand Oaks, CA | Office | $8.9M | 4.50% | Nov 2027 | 1.71x | 86% | Current |
| Paradise Victoria Village | Ventura, CA | Retail | $6.4M | 4.813% | Apr 2027 | n/a | n/a | Current |
| Santa Cruz Plaza | Santa Paula, CA | Retail | $3.7M | 4.915% | Feb 2027 | 2.60x | 100% | Current |
All loans maturing in 2027 · All Oxnard-Thousand Oaks-Ventura 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.