Self storage · Brick Township, New Jersey
Mini U Storage - Brick
Mini U Storage - Brick is financed with a $10.8M CMBS loan at 6.92% that reaches maturity on December 1, 2032, in 6 years and 1 month. As of the Sep 2026 servicer report, the latest filed for this loan, its status is current.
The loan
- Balance in tracked trusts
- $10,755,000
- Original balance (same notes)
- $10,755,000
- Interest rate
- 6.92% fixed
- Originated
- November 4, 2022
- Maturity
- December 1, 2032
- Payments
- Interest only for the full term
- Prepayment lockout ended
- January 31, 2025
- Prepayment premium ends
- September 30, 2032 (yield maintenance)
- Master servicer
- KeyBank National Association
- Originator
- KeyBank National Association
Status
- Payment status
- Current (code 0)
- Special servicing
- No transfer reported
- Defeasance
- Partly defeased
The property
- Address
- 1979 Hooper Ave, Brick Township, NJ 8723
- Metro
- New York-Newark-Jersey City, NY-NJ
- Rentable area
- 87,133 sq ft
- Units, rooms or beds
- 700
- Built
- 1998
- Value at securitization
- $22.7M (Oct 2022)
Performance
| At securitization | Latest (Mar 2026) | |
|---|---|---|
| DSCR (NOI) | 1.56x | 1.02x |
| Occupancy | 92% | 87% |
| Net operating income | $1.2M | $771K |
| Debt yield | 7.2% |
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 BBCMS Mortgage Trust 2022-C18 filing for the reporting period ending September 11, 2026, filed with the SEC September 29, 2026.
- Coverage down 0.25x or more from securitization
- 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
- Occupancy has fallen from 92% when the loan was securitized to 87%.
- Net operating income is 35% below the underwritten figure ($771K a year against $1.2M).
- Debt service coverage moved from 1.56x at securitization to 1.02x on the latest statements.
The last 12 monthly reports
| Report month | Balance | Payment status | Special servicer | DSCR | Occupancy |
|---|---|---|---|---|---|
| September 2026 | $10.8M | Current | No | 1.02x | 87% |
| August 2026 | $10.8M | Current | No | 1.02x | 87% |
| July 2026 | $10.8M | Current | No | n/a | n/a |
| June 2026 | $10.8M | Current | No | n/a | n/a |
| May 2026 | $10.8M | Current | No | n/a | n/a |
| April 2026 | $10.8M | Current | No | 1.14x | 89% |
| March 2026 | $10.8M | Current | No | 1.10x | 89% |
| February 2026 | $10.8M | Current | No | 1.10x | 89% |
| January 2026 | $10.8M | Current | No | 1.10x | 89% |
| December 2025 | $10.8M | Current | No | 1.13x | 93% |
| November 2025 | $10.8M | Current | No | 1.13x | 93% |
| October 2025 | $10.8M | Current | No | 1.13x | 93% |
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 |
|---|---|---|---|---|
| BBCMS Mortgage Trust 2022-C18 | 23 | $10,755,000 | Sep 2026 | SEC filing, September 29, 2026 |
Other New York-Newark-Jersey City loans due in 2032
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| 601 Lexington Avenue | New York, NY | Office | $573.3M | 2.792% | Jan 2032 | n/a | n/a | Current |
| 79 Fifth Avenue | New York, NY | Office | $240.0M | 4.92% | May 2032 | 0.93x | 99% | Current |
| Bell Works | Holmdel, NJ | Office | $210.0M | 5.11% | May 2032 | n/a | n/a | Current |
| 333 River Street | Hoboken, NJ | Multifamily | $125.0M | 2.315% | Jan 2032 | 7.49x | 98% | Current |
| 2 Riverfront Plaza | Newark, NJ | Office | $110.0M | 4.26% | Jan 2032 | 2.40x | 100% | Current |
| Rose Castle Apartments | Brooklyn, NY | Multifamily | $105.0M | 4.045% | Mar 2032 | 1.84x | 100% | Current |
| 330 West 34th Street Leased Fee | New York, NY | Mixed use | $100.0M | 4.55% | Sep 2032 | n/a | n/a | Current |
| 469 7th Avenue | New York, NY | Mixed use | $98.0M | 6.03% | Sep 2032 | 1.86x | 100% | Current |
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.