Self storage · Denver, Colorado
Greenbox II Self Storage
Greenbox II Self Storage is financed with a $11.0M CMBS loan at 7.069% that reaches maturity on March 11, 2029, in 2 years and 4 months. As of the Sep 2026 servicer report, the latest filed for this loan, its status is current.
The loan
- Balance in tracked trusts
- $11,000,000
- Original balance (same notes)
- $11,000,000
- Interest rate
- 7.069% fixed
- Originated
- February 28, 2024
- Maturity
- March 11, 2029
- Payments
- Interest only for the full term
- Prepayment lockout ends
- December 10, 2028
- Master servicer
- Wells Fargo Bank, NA
- Originator
- Wells Fargo Bank, National Association
Status
- Payment status
- Current (code 0)
- Special servicing
- No transfer reported
- Defeasance
- None reported
The property
- Address
- 2424 Delgany Street, Denver, CO 80216
- Metro
- Denver-Aurora-Centennial, CO
- Rentable area
- 100,551 sq ft
- Units, rooms or beds
- 1,058
- Built
- 1979, renovated 2013
- Value at securitization
- $20.1M (Jan 2024)
Performance
| At securitization | Latest (Dec 2025) | |
|---|---|---|
| DSCR (NOI) | 1.35x | 0.92x |
| Occupancy | 79% | 69% |
| Net operating income | $1.1M | $727K |
| 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 BANK5 Trust 2024-5YR6 filing for the reporting period ending September 11, 2026, filed with the SEC September 28, 2026.
- Coverage below 1.00x
- Coverage down 0.25x or more from securitization
- Occupancy down 10 points or more from securitization
- NOI down 20% or more from securitization
On the cmbs.news watch list in every report since February 2026.
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 79% when the loan was securitized to 69%.
- Net operating income is 32% below the underwritten figure ($727K a year against $1.1M).
- Debt service coverage moved from 1.35x at securitization to 0.92x on the latest statements.
- At 0.92x, the property's reported NOI does not cover its debt service.
The last 12 monthly reports
| Report month | Balance | Payment status | Special servicer | DSCR | Occupancy |
|---|---|---|---|---|---|
| September 2026 | $11.0M | Current | No | 0.92x | 69% |
| August 2026 | $11.0M | Current | No | 0.92x | 69% |
| July 2026 | $11.0M | Late payment but less than 30 days delinquent | No | 0.92x | 69% |
| June 2026 | $11.0M | Current | No | 0.92x | 69% |
| May 2026 | $11.0M | Current | No | 0.84x | 69% |
| April 2026 | $11.0M | Current | No | 0.84x | 69% |
| March 2026 | $11.0M | Current | No | 0.84x | 69% |
| February 2026 | $11.0M | Current | No | 0.84x | 69% |
| January 2026 | $11.0M | Current | No | 1.13x | 74% |
| December 2025 | $11.0M | Current | No | 1.13x | 74% |
| November 2025 | $11.0M | Current | No | 1.13x | 74% |
| October 2025 | $11.0M | Current | No | 1.13x | 74% |
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 |
|---|---|---|---|---|
| BANK5 Trust 2024-5YR6 | 24 | $11,000,000 | Sep 2026 | SEC filing, September 28, 2026 |
Other Denver-Aurora-Centennial loans due in 2029
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| 1000 South Broadway Apartments | Denver, CO | Multifamily | $54.5M | 3.598% | Nov 2029 | 1.47x | 95% | Current |
| Lincoln Commons | Lone Tree, CO | Mixed use | $30.0M | 5.124% | Mar 2029 | 1.96x | 100% | Current |
| Flight | Denver, CO | Office | $29.0M | 4.89% | Mar 2029 | 1.67x | 97% | Current |
| Prairie Center | Brighton, CO | Retail | $28.5M | 3.522% | Aug 2029 | 2.87x | 92% | Current |
| Moxy Denver Cherry Creek | Denver, CO | Hotel | $25.0M | 5.06% | Jan 2029 | 2.61x | 74% | Current |
| Residence Inn & Fairfield Inn Broomfield, Co | Broomfield, CO | Hotel | $22.0M | 7.578% | Nov 2029 | 1.58x | 57% | Current |
| Sentral Union Station | Denver, CO | Multifamily | $20.0M | 5.18% | Nov 2029 | n/a | n/a | Current |
| Pecos North Industrial | Westminster, CO | Industrial | $18.0M | 4.62% | Jun 2029 | 2.18x | 100% | Current |
All loans maturing in 2029 · All Denver-Aurora-Centennial 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.