Self storage · Lakeland, Florida
Storeright Self Storage - Lakeland, Fl
Storeright Self Storage - Lakeland, Fl is financed with a $5.6M CMBS loan at 3.899% that reaches maturity on May 1, 2031, in 4 years and 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
- $5,600,000
- Original balance (same notes)
- $5,600,000
- Interest rate
- 3.899% fixed
- Originated
- April 8, 2021
- Maturity
- May 1, 2031
- Payments
- Interest only for the full term
- Prepayment lockout ends
- January 31, 2031
- Master servicer
- Trimont LLC
- Originator
- Bank of America, National Association
Status
- Payment status
- Current (code 0)
- Special servicing
- No transfer reported
- Defeasance
- None reported
The property
- Address
- 1120 Kathleen Road, Lakeland, FL 33805
- Metro
- Lakeland-Winter Haven, FL
- Rentable area
- 58,886 sq ft
- Units, rooms or beds
- 579
- Built
- 2017
- Value at securitization
- $10.5M (Feb 2021)
Performance
| At securitization | Latest (Jun 2026) | |
|---|---|---|
| DSCR (NOI) | 2.27x | 2.00x |
| Occupancy | 97% | 89% |
| Net operating income (annualized from 6 months) | $503K | $444K |
| Debt yield | 7.9% |
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 2021-BNK33 filing for the reporting period ending September 11, 2026, filed with the SEC September 29, 2026.
- Coverage down 0.25x 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 97% when the loan was securitized to 89%.
- Net operating income is 12% below the underwritten figure ($444K a year against $503K; the latest statement covers 6 months, annualized).
- Debt service coverage moved from 2.27x at securitization to 2.00x on the latest statements.
The last 12 monthly reports
| Report month | Balance | Payment status | Special servicer | DSCR | Occupancy |
|---|---|---|---|---|---|
| September 2026 | $5.6M | Current | No | 2.00x | 89% |
| August 2026 | $5.6M | Current | No | 2.07x | 88% |
| July 2026 | $5.6M | Current | No | 2.07x | 88% |
| June 2026 | $5.6M | Current | No | 2.03x | 85% |
| May 2026 | $5.6M | Current | No | 2.09x | 85% |
| April 2026 | $5.6M | Current | No | 2.09x | 85% |
| March 2026 | $5.6M | Current | No | 2.09x | 85% |
| February 2026 | $5.6M | Current | No | 2.09x | 85% |
| January 2026 | $5.6M | Current | No | 2.09x | 85% |
| December 2025 | $5.6M | Current | No | 2.09x | 85% |
| November 2025 | $5.6M | Current | No | 2.06x | 87% |
| October 2025 | $5.6M | Current | No | 2.06x | 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 2021-BNK33 | 32 | $5,600,000 | Sep 2026 | SEC filing, September 29, 2026 |
Other Lakeland-Winter Haven loans due in 2031
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| Ridgeview | Davenport, FL | Self storage | $19.8M | 3.245% | May 2031 | n/a | n/a | Current |
| Sleepy Hill | Lakeland, FL | Self storage | $15.1M | 3.245% | May 2031 | n/a | n/a | Current |
| Fort Meade Estates Mhc | Fort Meade, FL | Manufactured housing | $9.1M | 6.01% | Apr 2031 | n/a | n/a | Current |
| Century Storage Davenport | Davenport, FL | Self storage | $5.5M | 3.62% | Jul 2031 | 3.30x | 90% | Current |
| Peace River Village Mhc | Bartow, FL | Manufactured housing | $2.2M | 4.26% | Feb 2031 | 2.78x | 80% | Current |
All loans maturing in 2031 · All Lakeland-Winter Haven loans
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.