Self storage · Villa Rica, Georgia
Storage Xxtra Highway 61
Storage Xxtra Highway 61 is financed with a $7.3M CMBS loan at 3.56% that reaches maturity on January 6, 2032, in 5 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
- $7,261,834
- Original balance (same notes)
- $8,000,000
- Interest rate
- 3.56% fixed
- Originated
- December 22, 2021
- Maturity
- January 6, 2032
- Payments
- Amortizing over 30 years
- Prepayment lockout ends
- October 5, 2031
- Master servicer
- Midland
- Originator
- SMC
Status
- Payment status
- Current (code 0)
- Special servicing
- No transfer reported
- Defeasance
- None reported
The property
- Address
- 1836 Carrollton Villa Rica Hwy, Villa Rica, GA 30180
- Metro
- Atlanta-Sandy Springs-Roswell, GA
- Rentable area
- 108,476 sq ft
- Units, rooms or beds
- 599
- Built
- 2007, renovated 2019
- Value at securitization
- $13.2M (Dec 2021)
Performance
| At securitization | Latest (Jun 2026) | |
|---|---|---|
| DSCR (NOI) | 1.85x | 1.67x |
| Occupancy | 98% | 83% |
| Net operating income (annualized from 6 months) | $804K | $1.5M |
| Debt yield | 20.1% |
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 Morgan Stanley Capital I Trust 2022-L8 filing for the reporting period ending September 11, 2026, filed with the SEC October 2, 2026.
- Occupancy down 10 points 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
- Occupancy has fallen from 98% when the loan was securitized to 83%.
- Net operating income is 82% above the underwritten figure ($1.5M a year against $804K; the latest statement covers 6 months, annualized).
- Debt service coverage moved from 1.85x at securitization to 1.67x on the latest statements.
The last 12 monthly reports
| Report month | Balance | Payment status | Special servicer | DSCR | Occupancy |
|---|---|---|---|---|---|
| September 2026 | $7.3M | Current | No | 1.67x | 83% |
| August 2026 | $7.3M | Current | No | n/a | n/a |
| July 2026 | $7.3M | Current | No | n/a | n/a |
| June 2026 | $7.3M | Current | No | n/a | n/a |
| May 2026 | $7.3M | Current | No | n/a | n/a |
| April 2026 | $7.3M | Current | No | 1.61x | 82% |
| March 2026 | $7.3M | Current | No | 1.61x | 82% |
| February 2026 | $7.4M | Current | No | 1.57x | 83% |
| January 2026 | $7.4M | Current | No | 1.57x | 83% |
| December 2025 | $7.4M | Current | No | 1.57x | 83% |
| November 2025 | $7.4M | Current | No | 1.57x | 83% |
| October 2025 | $7.4M | Current | No | 1.56x | 85% |
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 |
|---|---|---|---|---|
| Morgan Stanley Capital I Trust 2022-L8 | 23 | $7,261,834 | Sep 2026 | SEC filing, October 2, 2026 |
Other Atlanta-Sandy Springs-Roswell loans due in 2032
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| Hudson Bridge Crossing | Stockbridge, GA | Retail | $84.0M | 6.88% | Nov 2032 | n/a | n/a | Current |
| Stor-All Vinings | Atlanta, GA | Self storage | $14.3M | 4.097% | Feb 2032 | 2.38x | 95% | Current |
| Buford Plaza | Doraville, GA | Retail | $10.8M | 3.24% | Jan 2032 | 1.84x | 100% | Current |
| Turner Hill Marketplace | Stonecrest, GA | Retail | $10.5M | 3.565% | Feb 2032 | 2.10x | 100% | Current |
| Town & Country Apartments | Doraville, GA | Multifamily | $10.0M | 4.65% | Apr 2032 | 1.69x | 81% | Current |
| HIE Douglasville | Douglasville, GA | Hotel | $7.1M | 5.90% | Jun 2032 | 2.11x | 86% | Current |
| Orchard West Georgia Student Housing | Carrollton, GA | Multifamily | $6.0M | 4.61% | Mar 2032 | 2.08x | 93% | Current |
| Sandy Springs Wellness Center | Sandy Springs, GA | Office | $3.2M | 4.461% | Mar 2032 | 2.34x | 93% | 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.