Self storage · Beaumont, Texas
Storage Depot Beaumont
Storage Depot Beaumont is financed with a $5.3M CMBS loan at 3.915% that reaches maturity on September 1, 2030, in 3 years and 10 months. As of the Sep 2026 servicer report, the latest filed for this loan, its status is current.
The loan
- Balance in tracked trusts
- $5,255,934
- Original balance (same notes)
- $5,800,000
- Interest rate
- 3.915% fixed
- Originated
- September 1, 2020
- Maturity
- September 1, 2030
- Payments
- Interest only for 12 months, then amortizing
- Prepayment lockout ends
- April 30, 2030
- Master servicer
- Trimont LLC
- Originator
- Morgan Stanley Bank, N.A.
Status
- Payment status
- Current (code 0)
- Special servicing
- No transfer reported
- Defeasance
- None reported
The property
- Address
- 6320 College Street, Beaumont, TX 77707
- Rentable area
- 59,120 sq ft
- Units, rooms or beds
- 506
- Built
- 2002
- Value at securitization
- $8.2M (Jul 2020)
Performance
| At securitization | Latest (Dec 2025) | |
|---|---|---|
| DSCR (NOI) | 1.56x | 0.53x |
| Occupancy | 91% | 84% |
| Net operating income | $514K | $173K |
| Debt yield | 3.3% |
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 BANK 2020-BNK28 filing for the reporting period ending September 11, 2026, filed with the SEC September 29, 2026.
- Coverage below 1.00x
- Coverage down 0.25x or more from securitization
- NOI down 20% or more from securitization
On the cmbs.news watch list in all 12 monthly reports we hold (October 2025 to September 2026).
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 91% when the loan was securitized to 84%.
- Net operating income is 66% below the underwritten figure ($173K a year against $514K).
- Debt service coverage moved from 1.56x at securitization to 0.53x on the latest statements.
- At 0.53x, the property's reported NOI does not cover its debt service.
The last 12 monthly reports
| Report month | Balance | Payment status | Special servicer | DSCR | Occupancy |
|---|---|---|---|---|---|
| September 2026 | $5.3M | Current | No | 0.53x | 84% |
| August 2026 | $5.3M | Current | No | 0.53x | 84% |
| July 2026 | $5.3M | Current | No | 0.53x | 84% |
| June 2026 | $5.3M | Current | No | 0.53x | 84% |
| May 2026 | $5.3M | Current | No | 0.53x | 84% |
| April 2026 | $5.3M | Current | No | 0.58x | 79% |
| March 2026 | $5.3M | Current | No | 0.58x | 79% |
| February 2026 | $5.3M | Current | No | 0.58x | 79% |
| January 2026 | $5.3M | Current | No | 0.58x | 79% |
| December 2025 | $5.3M | Current | No | 0.62x | 79% |
| November 2025 | $5.4M | Current | No | 0.62x | 79% |
| October 2025 | $5.4M | Current | No | 0.62x | 79% |
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 2020-BNK28 | 27 | $5,255,934 | Sep 2026 | SEC filing, September 29, 2026 |
Other Texas loans due in 2030
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| Port Arthur Property | Port Arthur, TX | Office | $13.4M | 4.008% | Nov 2030 | n/a | n/a | Current |
| Life Storage | Port Arthur, TX | Self storage | $11.0M | 6.55% | Feb 2030 | n/a | n/a | Current |
| Huntington Park | Beaumont, TX | Multifamily | $6.5M | 6.46% | Nov 2030 | n/a | n/a | 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.