Industrial · Tomball, Texas
Mini U Storage - Tomball
Mini U Storage - Tomball is financed with a $4.0M CMBS loan at 7.28% that reaches maturity on June 1, 2028, in 19 months. As of the Sep 2026 servicer report, the latest filed for this loan, its status is current.
The loan
- Balance in tracked trusts
- $4,050,000
- Original balance (same notes)
- $4,050,000
- Interest rate
- 7.28% fixed
- Originated
- n/a
- Maturity
- June 1, 2028
- Payments
- Amortizing
- Master servicer
- KeyBank Real Estate Capital
- Originator
- KeyBank
Status
- Payment status
- Not reported
- Special servicing
- No transfer reported
- Defeasance
- Partly defeased
The property
- Address
- 11950 Spring Cypress Rd, Tomball, TX 77377
- Metro
- Houston-Pasadena-The Woodlands, TX
- Rentable area
- 81,809 sq ft
- Built
- 2007
- Value at securitization
- $10.7M (Mar 2023)
Performance
| At securitization | Latest (Dec 2025) | |
|---|---|---|
| DSCR (NOI) | n/a | 1.40x |
| Occupancy | 85% | 79% |
| Net operating income | n/a | $419K |
| Debt yield | 10.3% |
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 BMO 2023-5C1 Mortgage Trust filing for the reporting period ending September 11, 2026, filed with the SEC October 2, 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 85% when the loan was securitized to 79%.
The last 12 monthly reports
| Report month | Balance | Payment status | Special servicer | DSCR | Occupancy |
|---|---|---|---|---|---|
| September 2026 | $4.0M | Not reported | No | 1.40x | 79% |
| August 2026 | $4.0M | Not reported | No | 1.40x | 79% |
| July 2026 | $4.0M | Not reported | No | 1.40x | 84% |
| June 2026 | $4.0M | Not reported | No | 1.40x | 84% |
| May 2026 | $4.0M | Not reported | No | 1.40x | 84% |
| April 2026 | $4.0M | Not reported | No | 1.40x | 84% |
| March 2026 | $4.0M | Not reported | No | 1.18x | 84% |
| February 2026 | $4.0M | Not reported | No | 1.18x | 84% |
| January 2026 | $4.0M | Not reported | No | 1.18x | 84% |
| December 2025 | $4.0M | Not reported | No | 1.18x | 84% |
| November 2025 | $4.0M | Not reported | No | 1.18x | 84% |
| October 2025 | $4.0M | Not reported | No | 1.17x | 83% |
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 |
|---|---|---|---|---|
| BMO 2023-5C1 Mortgage Trust | 26 | $4,050,000 | Sep 2026 | SEC filing, October 2, 2026 |
Other Houston-Pasadena-The Woodlands loans due in 2028
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| Heritage Plaza, Houston | Houston, TX | Office | $172.0M | 7.63% | May 2028 | 2.13x | 78% | Current |
| Sugar Land Town Square | Sugar Land, TX | Mixed use | $105.0M | 7.966% | Nov 2028 | 1.19x | 69% | Current |
| Rockridge Apartments | Houston, TX | Multifamily | $54.0M | 8.00% | Nov 2028 | 0.44x | 25% | With the special servicer and 90+ days delinquent |
| Pin Oak North Medical Office | Bellaire, TX | Office | $53.6M | 4.647% | Feb 2028 | 0.85x | 66% | With the special servicer and 90+ days delinquent |
| 5444 & 5430 Westheimer | Houston, TX | Office | $51.0M | 4.72% | Nov 2028 | 0.68x | 43% | Current |
| 6330 West Loop South | Bellaire, TX | Office | $48.4M | 8.18% | May 2028 | 1.21x | 88% | Current |
| Victory Lakes | League City, TX | Retail | $39.0M | 5.01% | Oct 2028 | n/a | n/a | Current |
| Market Center at Aliana | Richmond, TX | Retail | $37.0M | 7.03% | Oct 2028 | 1.29x | 95% | Current |
All loans maturing in 2028 · All Houston-Pasadena-The Woodlands 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.