Self storage portfolio, 36 properties · Henderson, Nevada

Henderson - Stephanie Pl

Public CMBS trusts hold $42.4M 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
$42,400,000
Original balance (same notes)
$42,400,000
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
Wells Fargo
Originator
Morgan Stanley Bank, N.A.

Status

Payment status
Current (code 0)
Special servicing
No transfer reported
Defeasance
None reported

The property

Address
1051 Stephanie Place, Henderson, NV 89014
Metro
Las Vegas-Henderson-North Las Vegas, NV
Value at securitization
$282.6M

Performance

Underwritten figures against the most recent reported figures
At securitizationLatest
DSCR (NOI)n/an/a
Occupancyn/an/a
Net operating income$17.0M$27.2M
Debt yield64.2%

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 CITIGROUP COMMERCIAL MORTGAGE TRUST 2018-B2 filing for the reporting period ending September 8, 2026, filed with the SEC September 25, 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.

What the filing shows

  • Net operating income is 60% above the underwritten figure ($27.2M a year against $17.0M).

Properties securing the loan

PropertyLocationTypeOccupancyDSCR
Henderson - Stephanie PlHenderson, NVSelf Storage94%2.80x
Brookfield - Federal RdBrookfield, CTSelf Storage91%2.53x
Kingston - Sawkill RdKingston, NYSelf Storage96%3.06x
Lake Elsinore - Central AveLake Elsinore, CASelf Storage93%5.09x
Doylestown - N Broad StDoylestown, PASelf Storage95%2.34x
Pennsauken - S Crescent BlvdPennsauken, NJSelf Storage95%2.13x
New Paltz - South Putt Corners RdNew Paltz, NYSelf Storage93%2.94x
Tyngsboro - Industrial WayTyngsboro, MASelf Storage95%2.46x
Hemet - S SandersonHemet, CASelf Storage94%3.56x
Bensalem - 1525 Bristol PikeBensalem, PASelf Storage94%5.48x
Eastpoint - Lakewood AveAtlanta, GASelf Storage92%3.16x
Howell - Route 9 SouthHowell, NJSelf Storage94%5.29x
Lawrenceville - Hurricane Shoals RdLawrenceville, GASelf Storage92%5.49x
Lawnside - White Horse PikeLawnside, NJSelf Storage92%2.73x
Phoenix - West PeoriaPhoenix, AZSelf Storage94%2.14x
Mt Laurel - Ark RdMt Laurel, NJSelf Storage96%2.63x
Burlington - Cadillac RdBurlington, NJSelf Storagen/a8.72x
Cherry Hill - Marlton PikeCherry Hill, NJSelf Storage95%2.74x
Bensalem - Knights Rd.Bensalem, PASelf Storage97%5.51x
Albuquerque - Ellison Rd NWAlbuquerque, NMSelf Storage94%2.52x
Modesto - Crows LandingModesto, CASelf Storage96%6.62x
Auburndale - US Highway 92 WestAuburndale, FLSelf Storage94%4.00x
San Bernardino - W Club Center DrSan Bernardino, CASelf Storage96%3.63x
Memphis - Mt Moriah TerraceMemphis, TNSelf Storage96%2.16x
Hesperia - Mariposa RdHesperia, CASelf Storage95%7.98x
Memphis - Covington WayMemphis, TNSelf Storage90%2.62x
St Louis - Halls Ferry RdSt Louis, MOSelf Storage97%2.56x
Killeen - Jasper RdKilleen, TXSelf Storage92%9.52x
Albuquerque - Airport Dr NWAlbuquerque, NMSelf Storage93%2.79x
Memphis - Gateway DrMemphis, TNSelf Storage95%2.29x
Victorville - Yates RdVictorville, CASelf Storage93%10.07x
Las Vegas - N Lamont StLas Vegas, NVSelf Storage96%3.45x
Columbus - E Main StColumbus, OHSelf Storage93%2.66x
Memphis - Raleigh-LaGrangeMemphis, TNSelf Storage96%1.97x
Memphis - 5675 Summer AveMemphis, TNSelf Storage93%2.38x
Memphis - Madison AveMemphis, TNSelf Storage95%2.07x

The last 12 monthly reports

Report monthBalancePayment statusSpecial servicerDSCROccupancy
September 2026$42.4MCurrentNo2.80x94%
August 2026$42.4MCurrentNo2.80x94%
July 2026$42.4MCurrentNo2.80x95%
June 2026$42.4MCurrentNon/an/a
May 2026$42.4MCurrentNon/an/a
April 2026$42.4MCurrentNo2.88x94%
March 2026$42.4MCurrentNo2.88x94%
February 2026$42.4MCurrentNo2.88x95%
January 2026$42.4MCurrentNo2.88x95%
December 2025$42.4MCurrentNo2.92x95%
November 2025$42.4MCurrentNo2.92x95%
October 2025$42.4MCurrentNo2.92x95%

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.

TrustLoan no.BalanceReport periodSource
CITIGROUP COMMERCIAL MORTGAGE TRUST 2018-B25$42,400,000Sep 2026SEC filing, September 25, 2026

Alert me when this loan changes

One email after any monthly filing that changes this loan: a move to or from the special servicer, a payment status of 30+ days late or matured, a paydown of 1% or more, or coverage moving 0.15x or occupancy 5 points. Privacy

Other Las Vegas-Henderson-North Las Vegas loans due in 2027

Property Location Type Balance Rate Matures DSCR Occ. Status
Harmon Corner Las Vegas, NV Mixed use $143.0M 4.25% Dec 2027 3.96x 97% Current
The Gramercy Las Vegas, NV Mixed use $34.1M 4.167% May 2027 1.49x 69% Current
The Shops and Gym at Durango Arby Plaza Las Vegas, NV Retail $21.5M 4.40% Sep 2027 n/a n/a Current
Marnell Corporate Center V Las Vegas, NV Office $20.6M 5.875% Dec 2027 1.54x 89% Current
Corporate Center I & III Las Vegas, NV Office $17.5M 5.77% Nov 2027 1.42x 97% Current
Ocotillo Plaza, Las Vegas Las Vegas, NV Retail $17.3M 5.07% Feb 2027 n/a n/a Current
Foothills Plaza Henderson, NV Retail $14.5M 4.716% Dec 2027 1.90x 98% Current
Majestic Industrial Portfolio Las Vegas, NV Other $13.4M 5.03% Jun 2027 6.06x 100% Current

All loans maturing in 2027 · All Las Vegas-Henderson-North Las Vegas loans

Source: each trust's ABS-EE asset-data exhibit (Regulation AB Schedule AL) on SEC EDGAR, reporting period ending September 8, 2026. Servicers report these figures; cmbs.news does not audit them. How this page is built.