Self storage · Noblesville, Indiana
Mill Creek Self Storage
Mill Creek Self Storage is financed with a $5.9M CMBS loan at 5.38% that reaches maturity on February 6, 2027, in 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
- $5,927,825
- Original balance (same notes)
- $7,050,000
- Interest rate
- 5.38% fixed
- Originated
- January 30, 2017
- Maturity
- February 6, 2027
- Payments
- Amortizing over 30 years
- Prepayment lockout ends
- November 5, 2026
- Master servicer
- Trimont LLC
- Originator
- Citigroup Global Markets Realty Corp.
Status
- Payment status
- Current (code 0)
- Special servicing
- No transfer reported
- Defeasance
- None reported
The property
- Address
- 120 North Mill Creek Road, Noblesville, IN 46062
- Metro
- Indianapolis-Carmel-Greenwood, IN
- Rentable area
- 89,035 sq ft
- Built
- 1996
- Value at securitization
- $9.8M (Nov 2016)
Performance
| At securitization | Latest (Mar 2026) | |
|---|---|---|
| DSCR (NOI) | 1.28x | 1.65x |
| Occupancy | 91% | 85% |
| Net operating income (annualized from 3 months) | $605K | $792K |
| Debt yield | 13.4% |
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 CITIGROUP COMMERCIAL MORTGAGE TRUST 2017-P7 filing for the reporting period ending September 10, 2026, filed with the SEC September 30, 2026.
- Matures within 12 months
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 91% when the loan was securitized to 85%.
- Net operating income is 31% above the underwritten figure ($792K a year against $605K; the latest statement covers 3 months, annualized).
- Debt service coverage moved from 1.28x at securitization to 1.65x on the latest statements.
The last 11 monthly reports
| Report month | Balance | Payment status | Special servicer | DSCR | Occupancy |
|---|---|---|---|---|---|
| September 2026 | $5.9M | Current | No | 1.65x | 85% |
| August 2026 | $5.9M | Current | No | 1.65x | 85% |
| July 2026 | $6.0M | Current | No | 1.65x | 85% |
| June 2026 | $6.0M | Current | No | 1.65x | 85% |
| May 2026 | $6.0M | Current | No | 1.56x | 85% |
| April 2026 | $6.0M | Current | No | 1.56x | 85% |
| March 2026 | $6.0M | Current | No | 1.49x | 87% |
| February 2026 | $6.0M | Current | No | 1.49x | 87% |
| January 2026 | $6.0M | Current | No | 1.49x | 87% |
| November 2025 | $6.1M | Current | No | 1.49x | 87% |
| October 2025 | $6.1M | Current | No | 1.46x | 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 |
|---|---|---|---|---|
| CITIGROUP COMMERCIAL MORTGAGE TRUST 2017-P7 | 39 | $5,927,825 | Sep 2026 | SEC filing, September 30, 2026 |
Other Indianapolis-Carmel-Greenwood loans due in 2027
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| Hamilton Crossing, Carmel | Carmel, IN | Office | $45.7M | 4.92% | Feb 2027 | 1.36x | 66% | With the special servicer |
| Lockefield Gardens | Indianapolis, IN | Multifamily | $30.4M | 4.618% | Nov 2027 | 1.35x | 88% | Current |
| Covance Business Center | Indianapolis, IN | Mixed use | $20.3M | 4.45% | Oct 2027 | 1.72x | 100% | Current |
| Meridian North | Indianapolis, IN | Mixed use | $15.4M | 4.82% | Nov 2027 | 1.90x | 98% | Current |
| Shiloh Crossing | Avon, IN | Retail | $10.4M | 4.774% | May 2027 | 1.67x | 100% | Current |
| 117 East Washington | Indianapolis, IN | Mixed use | $5.5M | 4.74% | Sep 2027 | 2.02x | 100% | Current |
| Cvs Retail Plaza | Indianapolis, IN | Retail | $5.3M | 4.36% | Aug 2027 | 3.50x | 100% | Current |
| Strawbridge Green Apartments | Indianapolis, IN | Multifamily | $4.9M | 4.26% | Aug 2027 | 2.07x | 93% | Current |
All loans maturing in 2027 · All Indianapolis-Carmel-Greenwood loans
Source: each trust's ABS-EE asset-data exhibit (Regulation AB Schedule AL) on SEC EDGAR, reporting period ending September 10, 2026. Servicers report these figures; cmbs.news does not audit them. How this page is built.