Self storage portfolio, 2 properties · Pittsburgh, Pennsylvania
Rent A Space South Property
This portfolio is financed with a $9.9M CMBS loan at 3.61% that reaches maturity on January 6, 2031, in 4 years and 2 months. As of the Sep 2026 servicer report, the latest filed for this loan, its status is current.
The loan
- Balance in tracked trusts
- $9,911,102
- Original balance (same notes)
- $10,454,000
- Interest rate
- 3.61% fixed
- Originated
- December 29, 2020
- Maturity
- January 6, 2031
- Payments
- Interest only for 36 months, then amortizing
- Prepayment lockout ends
- October 5, 2030
- Master servicer
- Midland Loan Services
- Originator
- Citi Real Estate Funding Inc.
Status
- Payment status
- Current (code 0)
- Special servicing
- No transfer reported
- Defeasance
- None reported
The property
- Address
- 1100 Boyce Road, Pittsburgh, PA 15241
- Metro
- Pittsburgh, PA
- Value at securitization
- $14.9M
Performance
| At securitization | Latest | |
|---|---|---|
| DSCR (NOI) | n/a | n/a |
| Occupancy | n/a | n/a |
| Net operating income | $922K | $695K |
| Debt yield | 7.0% |
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 BENCHMARK 2021-B23 MORTGAGE TRUST filing for the reporting period ending September 11, 2026, filed with the SEC September 30, 2026.
- 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
- Net operating income is 25% below the underwritten figure ($695K a year against $922K).
Properties securing the loan
| Property | Location | Type | Occupancy | DSCR |
|---|---|---|---|---|
| Rent A Space South Property | Pittsburgh, PA | Self Storage | n/a | n/a |
| Rent a Space East Property | Monroeville, PA | Self Storage | 88% | 2.78x |
The last 12 monthly reports
| Report month | Balance | Payment status | Special servicer | DSCR | Occupancy |
|---|---|---|---|---|---|
| September 2026 | $9.9M | Current | No | n/a | n/a |
| August 2026 | $9.9M | Current | No | n/a | n/a |
| July 2026 | $9.9M | Current | No | n/a | n/a |
| June 2026 | $10.0M | Current | No | n/a | n/a |
| May 2026 | $10.0M | Current | No | n/a | n/a |
| April 2026 | $10.0M | Current | No | n/a | n/a |
| March 2026 | $10.0M | Current | No | n/a | n/a |
| February 2026 | $10.0M | Current | No | n/a | n/a |
| January 2026 | $10.0M | Current | No | n/a | n/a |
| December 2025 | $10.1M | Current | No | n/a | n/a |
| November 2025 | $10.1M | Current | No | n/a | n/a |
| October 2025 | $10.1M | Current | No | n/a | n/a |
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 |
|---|---|---|---|---|
| BENCHMARK 2021-B23 MORTGAGE TRUST | 37 | $9,911,102 | Sep 2026 | SEC filing, September 30, 2026 |
Other Pittsburgh loans due in 2031
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| Foster Plaza | Pittsburgh, PA | Office | $85.3M | 3.392% | Jan 2031 | n/a | n/a | Current |
| The Helm on the Allegheny | Pittsburgh, PA | Multifamily | $38.0M | 6.435% | Aug 2031 | n/a | n/a | Current |
| Koppers Building | Pittsburgh, PA | Office | $29.5M | 3.396% | Jul 2031 | 1.45x | 81% | Current |
| 150 Thornhill | Warrendale, PA | Industrial | $23.6M | 3.69% | Jun 2031 | 1.39x | 100% | Current |
| Butler Crossing | Butler, PA | Retail | $22.0M | 3.07% | Jul 2031 | 4.08x | 100% | Current |
| One Smithfield Street | Pittsburgh, PA | Office | $21.7M | 3.618% | Dec 2031 | 2.08x | 100% | Current |
| Chippewa Center | Beaver Falls, PA | Retail | $20.8M | 3.80% | Sep 2031 | n/a | n/a | Current |
| Guardian Storage Shadyside | Pittsburgh, PA | Self storage | $15.7M | 6.013% | Jan 2031 | 1.44x | 86% | 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.