Self storage · Menifee, California
Menifee Storage
Menifee Storage is financed with a $2.9M CMBS loan at 4.50% that reaches maturity on October 1, 2029, in 2 years and 11 months. As of the Sep 2026 servicer report, the latest filed for this loan, its status is current.
The loan
- Balance in tracked trusts
- $2,850,848
- Original balance (same notes)
- $3,250,000
- Interest rate
- 4.50%
- Originated
- September 6, 2019
- Maturity
- October 1, 2029
- Payments
- Amortizing over 30 years
- Master servicer
- KeyBank Real Estate Capital
- Originator
- KeyBank
Status
- Payment status
- Not reported
- Special servicing
- No transfer reported
- Defeasance
- Partly defeased
The property
- Address
- 27437 Murrieta Rd, Menifee, CA 92585
- Metro
- Riverside-San Bernardino-Ontario, CA
- Units, rooms or beds
- 38,655
- Value at securitization
- $6.0M (Apr 2019)
Performance
| At securitization | Latest (Dec 2025) | |
|---|---|---|
| DSCR (NOI) | n/a | 2.65x |
| Occupancy | 94% | 87% |
| Net operating income | n/a | $524K |
| Debt yield | 18.4% |
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 CF 2019-CF2 Mortgage Trust filing for the reporting period ending September 11, 2026, filed with the SEC September 30, 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
- Occupancy has fallen from 94% when the loan was securitized to 87%.
The last 12 monthly reports
| Report month | Balance | Payment status | Special servicer | DSCR | Occupancy |
|---|---|---|---|---|---|
| September 2026 | $2.9M | Not reported | No | 2.65x | 87% |
| August 2026 | $2.9M | Not reported | No | 2.65x | 87% |
| July 2026 | $2.9M | Not reported | No | 2.65x | 87% |
| June 2026 | $2.9M | Not reported | No | 2.65x | 87% |
| May 2026 | $2.9M | Not reported | No | 2.65x | 87% |
| April 2026 | $2.9M | Not reported | No | 2.65x | 87% |
| March 2026 | $2.9M | Not reported | No | 2.65x | 87% |
| February 2026 | $2.9M | Not reported | No | 2.65x | 87% |
| January 2026 | $2.9M | Not reported | No | 2.57x | 90% |
| December 2025 | $2.9M | Not reported | No | 2.57x | 90% |
| November 2025 | $2.9M | Not reported | No | 2.57x | 90% |
| October 2025 | $2.9M | Not reported | No | 2.55x | 90% |
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 |
|---|---|---|---|---|
| CF 2019-CF2 Mortgage Trust | 46 | $2,850,848 | Sep 2026 | SEC filing, September 30, 2026 |
Other Riverside-San Bernardino-Ontario loans due in 2029
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| The Springs | Palm Springs, CA | Retail | $167.2M | 4.059% | May 2029 | n/a | n/a | Current |
| Galleria at Tyler | Riverside, CA | Retail | $120.0M | 7.919% | Jan 2029 | 1.81x | 85% | Current |
| Metro 3610 | Riverside, CA | Multifamily | $75.5M | 6.181% | Nov 2029 | 1.16x | 95% | Current |
| Jess Ranch Marketplace | Apple Valley, CA | Retail | $58.1M | 3.724% | Aug 2029 | 2.51x | 93% | Current |
| 67660 East Ramon Road | Cathedral City, CA | Self storage | $39.0M | 4.14% | Apr 2029 | n/a | n/a | Current |
| The Glen | San Bernardino, CA | Multifamily | $28.5M | 6.921% | Feb 2029 | 1.18x | 79% | Current |
| Menifee Town Center | Menifee, CA | Retail | $21.7M | 3.86% | Aug 2029 | n/a | n/a | Current |
| Tower Plaza | Temecula, CA | Retail | $19.3M | 4.12% | Jul 2029 | 2.66x | 97% | Current |
All loans maturing in 2029 · All Riverside-San Bernardino-Ontario 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.