Self storage portfolio, 36 properties · Multiple locations
Extra Space SS Portfolio
Public CMBS trusts hold $60.0M of the loan on this portfolio at 4.175% that reaches maturity on December 1, 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
- $60,000,000
- Original balance (same notes)
- $60,000,000
- Interest rate
- 4.175% fixed
- Originated
- November 30, 2017
- Maturity
- December 1, 2027
- Payments
- Interest only for the full term
- Prepayment lockout ends
- May 31, 2027
- Master servicer
- Trimont LLC
- Originator
- Morgan Stanley Bank, N.A.
Status
- Payment status
- Current (code 0)
- Special servicing
- No transfer reported
- Defeasance
- None reported
The property
- Value at securitization
- $299.3M (Nov 2017)
Performance
| At securitization | Latest (Dec 2025) | |
|---|---|---|
| DSCR (NOI) | 2.06x | 3.35x |
| Occupancy | 95% | 81% |
| Net operating income | $17.0M | $27.6M |
| Debt yield | 46.0% |
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 95% when the loan was securitized to 81%.
- Net operating income is 62% above the underwritten figure ($27.6M a year against $17.0M).
- Debt service coverage moved from 2.06x at securitization to 3.35x on the latest statements.
The last 11 monthly reports
| Report month | Balance | Payment status | Special servicer | DSCR | Occupancy |
|---|---|---|---|---|---|
| September 2026 | $60.0M | Current | No | 3.35x | 81% |
| August 2026 | $60.0M | Current | No | 3.35x | 81% |
| July 2026 | $60.0M | Current | No | 3.35x | 81% |
| June 2026 | $60.0M | Current | No | 3.35x | 81% |
| May 2026 | $60.0M | Current | No | 3.35x | 81% |
| April 2026 | $60.0M | Current | No | 3.35x | 81% |
| February 2026 | $60.0M | Current | No | 3.45x | 90% |
| January 2026 | $60.0M | Current | No | 3.45x | 90% |
| December 2025 | $60.0M | Current | No | 3.46x | 85% |
| November 2025 | $60.0M | Current | No | 3.46x | 85% |
| October 2025 | $60.0M | Current | No | 3.46x | 85% |
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 | 6 | $60,000,000 | Sep 2026 | SEC filing, September 29, 2026 |
Other self storage loans due in 2027
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| Mall of Louisiana | Baton Rouge, LA | Self storage | $287.5M | 3.984% | Aug 2027 | 1.41x | 86% | Current |
| Extra Space Self Storage Portfolio | Self storage | $92.0M | 4.175% | Dec 2027 | 3.35x | 81% | Current | |
| U-Haul of Medford | Somerville, MA | Self storage | $51.2M | 3.703% | Sep 2027 | n/a | n/a | Current |
| U-Haul SAC Portfolios 14, 15, 17 | Self storage | $44.7M | 3.703% | Sep 2027 | 1.54x | 83% | Current | |
| Henderson - Stephanie Pl | Henderson, NV | Self storage | $42.4M | 4.175% | Dec 2027 | n/a | n/a | Current |
| Storbox Self Storage | Pasadena, CA | Self storage | $41.5M | 4.808% | Feb 2027 | 3.07x | 99% | Current |
| Brookwood Self Storage LA-MS Portfolio | Self storage | $40.0M | 3.94% | Jul 2027 | 3.87x | 81% | Current | |
| U-Haul AREC 25 Portfolio | Self storage | $35.3M | 3.891% | Sep 2027 | 2.84x | 84% | 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.