Self storage portfolio, 2 properties · California
Stor-It Costa Mesa & Long Beach
This portfolio is financed with a $9.8M CMBS loan at 4.10% that reaches maturity on May 1, 2027, in 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
- $9,750,000
- Original balance (same notes)
- $9,750,000
- Interest rate
- 4.10% fixed
- Originated
- April 3, 2017
- Maturity
- May 1, 2027
- Payments
- Interest only for the full term
- Prepayment lockout ends
- January 31, 2027
- Master servicer
- Trimont LLC
- Originator
- WFB
Status
- Payment status
- Current (code 0)
- Special servicing
- No transfer reported
- Defeasance
- None reported
The property
- Value at securitization
- $32.9M
Performance
| At securitization | Latest (Dec 2025) | |
|---|---|---|
| DSCR (NOI) | 4.75x | 5.95x |
| Occupancy | 94% | 83% |
| Net operating income | $1.9M | $2.4M |
| Debt yield | 24.7% |
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 2017-BNK5 filing for the reporting period ending September 11, 2026, filed with the SEC October 1, 2026.
- Occupancy down 10 points or more from securitization
- 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 94% when the loan was securitized to 83%.
- Net operating income is 25% above the underwritten figure ($2.4M a year against $1.9M).
- Debt service coverage moved from 4.75x at securitization to 5.95x on the latest statements.
The last 12 monthly reports
| Report month | Balance | Payment status | Special servicer | DSCR | Occupancy |
|---|---|---|---|---|---|
| September 2026 | $9.8M | Current | No | 5.95x | 83% |
| August 2026 | $9.8M | Current | No | 5.95x | 83% |
| July 2026 | $9.8M | Current | No | 5.95x | 83% |
| June 2026 | $9.8M | Current | No | 5.95x | 83% |
| May 2026 | $9.8M | Current | No | 5.95x | 83% |
| April 2026 | $9.8M | Current | No | 5.95x | 83% |
| March 2026 | $9.8M | Current | No | 5.95x | 83% |
| February 2026 | $9.8M | Current | No | 5.95x | 83% |
| January 2026 | $9.8M | Current | No | 5.87x | 87% |
| December 2025 | $9.8M | Current | No | 5.87x | 87% |
| November 2025 | $9.8M | Current | No | 5.87x | 87% |
| October 2025 | $9.8M | Current | No | 5.87x | 87% |
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 2017-BNK5 | 36 | $9,750,000 | Sep 2026 | SEC filing, October 1, 2026 |
Other California loans due in 2027
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| Del Amo Fashion Center | Torrance, CA | Retail | $400.0M | 3.658% | Jun 2027 | 4.52x | 75% | Current |
| 222 Second Street | San Francisco, CA | Office | $291.5M | 3.926% | Sep 2027 | 1.25x | 100% | Current |
| 1999 Avenue of the Stars | Los Angeles, CA | Office | $232.8M | 4.137% | May 2027 | 4.62x | 92% | Current |
| Moffett Gateway | Sunnyvale, CA | Office | $173.4M | 3.319% | Apr 2027 | 2.42x | 98% | Current |
| Moffett Place Google | Sunnyvale, CA | Office | $171.3M | 4.55% | Jan 2027 | 1.40x | 100% | Current |
| Colorado Center | Santa Monica, CA | Office | $160.0M | 3.562% | Aug 2027 | 3.00x | 90% | Current |
| Moffett Towers II - Building 2 | Sunnyvale, CA | Office | $153.1M | 3.619% | Dec 2027 | 2.76x | 100% | Current |
| JW Marriott Desert Springs | Palm Desert, CA | Healthcare | $128.0M | 4.995% | Jan 2027 | 6.52x | 61% | 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.