Self storage · Spokane, Washington
Extra Space Storage Division
Extra Space Storage Division is financed with a $8.4M CMBS loan at 7.11% that reaches maturity on November 1, 2029, in 3 years. As of the Sep 2026 servicer report, the latest filed for this loan, its status is late, less than 30 days.
The loan
- Balance in tracked trusts
- $8,400,000
- Original balance (same notes)
- $8,400,000
- Interest rate
- 7.11% fixed
- Originated
- November 1, 2024
- Maturity
- November 1, 2029
- Payments
- Interest only for the full term
- Prepayment lockout ends
- December 31, 2026
- Prepayment premium ends
- May 31, 2029 (yield maintenance)
- Master servicer
- KeyBank National Association
- Originator
- KeyBank National Association
Status
- Payment status
- Late payment but less than 30 days delinquent (code B)
- Special servicing
- No transfer reported
- Defeasance
- Partly defeased
The property
- Address
- 7615 North Division Street, Spokane, WA 99208
- Metro
- Spokane-Spokane Valley, WA
- Built
- 1992, renovated 2020
- Value at securitization
- $12.9M (Aug 2024)
Performance
| At securitization | Latest | |
|---|---|---|
| DSCR (NOI) | 1.27x | n/a |
| Occupancy | 94% | n/a |
| Net operating income | $769K | n/a |
Watch flags
Computed from the BBCMS Mortgage Trust 2024-5C31 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.
The last 12 monthly reports
| Report month | Balance | Payment status | Special servicer | DSCR | Occupancy |
|---|---|---|---|---|---|
| September 2026 | $8.4M | Late payment but less than 30 days delinquent | No | n/a | n/a |
| August 2026 | $8.4M | Current | No | n/a | n/a |
| July 2026 | $8.4M | Current | No | n/a | n/a |
| June 2026 | $8.4M | Current | No | n/a | n/a |
| May 2026 | $8.4M | Current | No | n/a | n/a |
| April 2026 | $8.4M | Current | No | 1.33x | 95% |
| March 2026 | $8.4M | Current | No | 1.32x | 96% |
| February 2026 | $8.4M | Current | No | 1.32x | 96% |
| January 2026 | $8.4M | Current | No | 1.32x | 96% |
| December 2025 | $8.4M | Current | No | 1.29x | n/a |
| November 2025 | $8.4M | Current | No | 1.29x | n/a |
| October 2025 | $8.4M | Current | No | 1.29x | n/a |
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 2024-5C31 | 29 | $8,400,000 | Sep 2026 | SEC filing, September 29, 2026 |
Other Spokane-Spokane Valley loans due in 2029
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| Fairfield Inn - Spokane | Spokane, WA | Hotel | $7.0M | 4.276% | Dec 2029 | 2.70x | n/a | Current |
| Albertsons Millwood | Millwood, WA | Retail | $5.3M | 4.10% | Sep 2029 | 2.29x | 100% | Current |
All loans maturing in 2029 · All Spokane-Spokane Valley 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.