Self storage · New Albany, Ohio
New Albany Self Storage - Oh
New Albany Self Storage - Oh is financed with a $3.1M CMBS loan at 4.135% that reaches maturity on May 11, 2031, in 4 years and 6 months. As of the Sep 2026 servicer report, the latest filed for this loan, its status is current.
The loan
- Balance in tracked trusts
- $3,072,862
- Original balance (same notes)
- $3,200,000
- Interest rate
- 4.135% fixed
- Originated
- April 28, 2021
- Maturity
- May 11, 2031
- Payments
- Interest only for 36 months, then amortizing
- Prepayment lockout ends
- February 10, 2031
- Master servicer
- Trimont LLC
- Originator
- Wells Fargo Bank, National Association
Status
- Payment status
- Current (code 0)
- Special servicing
- No transfer reported
- Defeasance
- None reported
The property
- Address
- 11681 Johnstown Road, New Albany, OH 43054
- Metro
- Columbus, OH
- Rentable area
- 48,300 sq ft
- Units, rooms or beds
- 290
- Built
- 2009, renovated 2019
- Value at securitization
- $4.9M (Mar 2021)
Performance
| At securitization | Latest (Jun 2026) | |
|---|---|---|
| DSCR (NOI) | 1.59x | 3.27x |
| Occupancy | 97% | 89% |
| Net operating income (annualized from 6 months) | $297K | $615K |
| Debt yield | 20.0% |
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 BANK 2021-BNK34 filing for the reporting period ending September 11, 2026, filed with the SEC September 29, 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 97% when the loan was securitized to 89%.
- Net operating income is 107% above the underwritten figure ($615K a year against $297K; the latest statement covers 6 months, annualized).
- Debt service coverage moved from 1.59x at securitization to 3.27x on the latest statements.
The last 12 monthly reports
| Report month | Balance | Payment status | Special servicer | DSCR | Occupancy |
|---|---|---|---|---|---|
| September 2026 | $3.1M | Current | No | 3.27x | 89% |
| August 2026 | $3.1M | Current | No | 3.27x | 89% |
| July 2026 | $3.1M | Current | No | 3.01x | 81% |
| June 2026 | $3.1M | Current | No | 3.01x | 81% |
| May 2026 | $3.1M | Current | No | 3.01x | 81% |
| April 2026 | $3.1M | Current | No | 2.58x | 78% |
| March 2026 | $3.1M | Current | No | 2.58x | 78% |
| February 2026 | $3.1M | Current | No | 2.58x | 78% |
| January 2026 | $3.1M | Current | No | 2.56x | 78% |
| December 2025 | $3.1M | Current | No | 2.56x | 78% |
| November 2025 | $3.1M | Current | No | 2.43x | 76% |
| October 2025 | $3.1M | Current | No | 2.43x | 76% |
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 |
|---|---|---|---|---|
| BANK 2021-BNK34 | 39 | $3,072,862 | Sep 2026 | SEC filing, September 29, 2026 |
Other Columbus loans due in 2031
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| Fortune 7 Leased Campus | Columbus, OH | Office | $78.0M | 2.90% | May 2031 | 3.62x | 100% | Current |
| 9885 Innovation Campus | New Albany, OH | Industrial | $57.9M | 6.345% | Feb 2031 | n/a | 100% | Current |
| Tru & Home2 Suites Grove City | Grove City, OH | Hotel | $23.0M | 7.655% | Aug 2031 | n/a | n/a | Current |
| River Valley Plaza | Lancaster, OH | Retail | $12.3M | 6.775% | Mar 2031 | n/a | n/a | Current |
| Revi Columbus East | Columbus, OH | Multifamily | $6.5M | 6.701% | May 2031 | n/a | n/a | Current |
| Arlingate Plaza | Columbus, OH | Industrial | $6.0M | 3.485% | Jul 2031 | 3.23x | 77% | Current |
| Rome Hilliard Self Storage | Columbus, OH | Self storage | $5.0M | 3.84% | Feb 2031 | n/a | n/a | Current |
| Wildberry Village Apartments | Columbus, OH | Multifamily | $3.6M | 3.55% | Aug 2031 | 1.95x | 94% | 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.