Self storage · Park City, Utah
Storage Elevated
Storage Elevated is financed with a $6.3M CMBS loan at 5.125% that reaches maturity on February 6, 2028, in 15 months. As of the Sep 2026 servicer report, the latest filed for this loan, its status is current.
The loan
- Balance in tracked trusts
- $6,307,953
- Original balance (same notes)
- $7,200,000
- Interest rate
- 5.125% fixed
- Originated
- January 19, 2018
- Maturity
- February 6, 2028
- Payments
- Interest only for 12 months, then amortizing
- Prepayment lockout ends
- November 5, 2027
- Master servicer
- Midland Loan Services
- Originator
- Deutsche Bank AG, New York Branch
Status
- Payment status
- Current (code 0)
- Special servicing
- No transfer reported
- Defeasance
- None reported
The property
- Address
- 4006 North Forestdale Drive, Park City, UT 84098
- Rentable area
- 69,667 sq ft
- Units, rooms or beds
- 661
- Built
- 2015
- Value at securitization
- $10.5M (Nov 2017)
Performance
| At securitization | Latest (Jun 2026) | |
|---|---|---|
| DSCR (NOI) | 1.72x | 2.78x |
| Occupancy | 89% | 91% |
| Net operating income | $643K | $1.3M |
| Debt yield | 20.7% |
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 BENCHMARK 2018-B3 COMMERCIAL MORTGAGE TRUST filing for the reporting period ending September 8, 2026, filed with the SEC September 25, 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
- Net operating income is 103% above the underwritten figure ($1.3M a year against $643K).
- Debt service coverage moved from 1.72x at securitization to 2.78x on the latest statements.
The last 12 monthly reports
| Report month | Balance | Payment status | Special servicer | DSCR | Occupancy |
|---|---|---|---|---|---|
| September 2026 | $6.3M | Current | No | 2.78x | 91% |
| August 2026 | $6.3M | Current | No | 2.78x | 91% |
| July 2026 | $6.3M | Current | No | n/a | n/a |
| June 2026 | $6.3M | Current | No | n/a | n/a |
| May 2026 | $6.4M | Current | No | n/a | n/a |
| April 2026 | $6.4M | Current | No | 2.69x | 100% |
| March 2026 | $6.4M | Current | No | 2.69x | 100% |
| February 2026 | $6.4M | Current | No | 2.64x | 92% |
| January 2026 | $6.4M | Current | No | 2.64x | 92% |
| December 2025 | $6.4M | Current | No | 2.64x | 92% |
| November 2025 | $6.4M | Current | No | 2.64x | 92% |
| October 2025 | $6.4M | Current | No | 2.65x | 89% |
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 2018-B3 COMMERCIAL MORTGAGE TRUST | 35 | $6,307,953 | Sep 2026 | SEC filing, September 25, 2026 |
Other Utah loans due in 2028
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| Vista Station 8 | Draper, UT | Office | $26.9M | 4.948% | Jun 2028 | 1.99x | 100% | Current |
| Commons at Southtowne I | Sandy, UT | Retail | $25.5M | 4.622% | Jun 2028 | 2.30x | 100% | Current |
| Home2 Suites Salt Lake City East | Salt Lake City, UT | Hotel | $9.7M | 4.823% | May 2028 | 1.90x | 74% | Current |
| Cabelas Farmington | Farmington, UT | Retail | $9.2M | 4.787% | Jun 2028 | 2.71x | 100% | Current |
| 1076 Riverdale | Riverdale, UT | Retail | $8.9M | 5.024% | Dec 2028 | 2.27x | 99% | Current |
| Otg Woods Crossing | Woods Cross, UT | Retail | $7.2M | 5.015% | Oct 2028 | 1.60x | 100% | Current |
| Hampton Inn - Provo | Provo, UT | Hotel | $6.9M | 6.008% | Jul 2028 | n/a | n/a | Current |
| Rossignol Building | Park City, UT | Office | $6.5M | 4.78% | May 2028 | 2.50x | 100% | Current |
Source: each trust's ABS-EE asset-data exhibit (Regulation AB Schedule AL) on SEC EDGAR, reporting period ending September 8, 2026. Servicers report these figures; cmbs.news does not audit them. How this page is built.