Self storage portfolio, 3 properties · Spencerport, New York
Greece Ridge Storage
This portfolio is financed with a $12.2M CMBS loan at 4.18% that reaches maturity on February 1, 2030, in 3 years and 3 months. As of the Sep 2026 servicer report, the latest filed for this loan, its status is current.
The loan
- Balance in tracked trusts
- $12,188,376
- Original balance (same notes)
- $13,000,000
- Interest rate
- 4.18% fixed
- Originated
- January 14, 2020
- Maturity
- February 1, 2030
- Payments
- Interest only for 36 months, then amortizing
- Prepayment lockout ends
- October 31, 2029
- Master servicer
- Midland
- Originator
- MSBNA
Status
- Payment status
- Current (code 0)
- Special servicing
- No transfer reported
- Defeasance
- None reported
The property
- Address
- 4665 & 4671 Ridge Road West, Spencerport, NY 14559
- Metro
- Rochester, NY
- Value at securitization
- $18.0M
Performance
| At securitization | Latest | |
|---|---|---|
| DSCR (NOI) | n/a | n/a |
| Occupancy | n/a | n/a |
| Net operating income (annualized from 3 months) | $1.1M | $799K |
| Debt yield | 6.6% |
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 2020-L4 filing for the reporting period ending September 11, 2026, filed with the SEC October 2, 2026.
- NOI down 20% 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
- Net operating income is 28% below the underwritten figure ($799K a year against $1.1M; the latest statement covers 3 months, annualized).
Properties securing the loan
| Property | Location | Type | Occupancy | DSCR |
|---|---|---|---|---|
| Greece Ridge Storage | Spencerport, NY | Self Storage | 81% | 1.32x |
| Greece Mini Storage | Rochester, NY | Self Storage | 89% | 1.13x |
| Brockport Mini Storage | Brockport, NY | Self Storage | 87% | 0.35x |
The last 12 monthly reports
| Report month | Balance | Payment status | Special servicer | DSCR | Occupancy |
|---|---|---|---|---|---|
| September 2026 | $12.2M | Current | No | 1.32x | 81% |
| August 2026 | $12.2M | Current | No | 1.32x | 81% |
| July 2026 | $12.2M | Current | No | 1.32x | n/a |
| June 2026 | $12.2M | Current | No | n/a | n/a |
| May 2026 | $12.3M | Current | No | n/a | n/a |
| April 2026 | $12.3M | Current | No | 1.40x | 82% |
| March 2026 | $12.3M | Current | No | 1.40x | 82% |
| February 2026 | $12.3M | Current | No | 1.40x | 82% |
| January 2026 | $12.3M | Current | No | n/a | n/a |
| December 2025 | $12.4M | Current | No | n/a | n/a |
| November 2025 | $12.4M | Current | No | n/a | n/a |
| October 2025 | $12.4M | Current | No | n/a | 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 |
|---|---|---|---|---|
| Morgan Stanley Capital I Trust 2020-L4 | 23 | $12,188,376 | Sep 2026 | SEC filing, October 2, 2026 |
Other Rochester loans due in 2030
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| 111 on East Apartments | Rochester, NY | Multifamily | $20.3M | 7.365% | May 2030 | 1.05x | 96% | Current |
| Marriott Rochester Airport | Rochester, NY | Hotel | $14.5M | 8.053% | Apr 2030 | n/a | n/a | With the special servicer and 90+ days delinquent |
| Shoppes at Westgate | Rochester, NY | Retail | $4.0M | 6.55% | Apr 2030 | 1.73x | 91% | Current |
| Walgreens Williamson | Williamson, NY | Retail | $3.3M | 4.187% | Oct 2030 | n/a | n/a | With the special servicer and 90+ days delinquent |
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.