Self storage · Las Vegas, Nevada
Sunstone Mini Storage
Sunstone Mini Storage is financed with a $3.5M CMBS loan at 4.92% that reaches maturity on February 11, 2029, in 2 years and 3 months. As of the Sep 2026 servicer report, the latest filed for this loan, its status is current.
The loan
- Balance in tracked trusts
- $3,461,840
- Original balance (same notes)
- $3,600,000
- Interest rate
- 4.92% fixed
- Originated
- January 17, 2019
- Maturity
- February 11, 2029
- Payments
- Interest only for 60 months, then amortizing
- Prepayment lockout ends
- November 10, 2028
- Master servicer
- Trimont LLC
- Originator
- Wells Fargo Bank, National Association
Status
- Payment status
- Current (code 0)
- Special servicing
- No transfer reported
- Defeasance
- None reported
The property
- Address
- 233 North Mojave Road, Las Vegas, NV 89101
- Metro
- Las Vegas-Henderson-North Las Vegas, NV
- Rentable area
- 67,900 sq ft
- Units, rooms or beds
- 862
- Built
- 1984, renovated 2018
- Value at securitization
- $6.3M (Dec 2018)
Performance
| At securitization | Latest (Jun 2026) | |
|---|---|---|
| DSCR (NOI) | 1.71x | 2.59x |
| Occupancy | 83% | 70% |
| Net operating income (annualized from 6 months) | $393K | $601K |
| Debt yield | 17.4% |
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 2019-BNK17 filing for the reporting period ending September 11, 2026, filed with the SEC October 1, 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 83% when the loan was securitized to 70%.
- Net operating income is 53% above the underwritten figure ($601K a year against $393K; the latest statement covers 6 months, annualized).
- Debt service coverage moved from 1.71x at securitization to 2.59x on the latest statements.
The last 12 monthly reports
| Report month | Balance | Payment status | Special servicer | DSCR | Occupancy |
|---|---|---|---|---|---|
| September 2026 | $3.5M | Current | No | 2.59x | 70% |
| August 2026 | $3.5M | Current | No | 2.59x | 70% |
| July 2026 | $3.5M | Current | No | 2.60x | 72% |
| June 2026 | $3.5M | Current | No | 2.60x | 72% |
| May 2026 | $3.5M | Current | No | 2.60x | 72% |
| April 2026 | $3.5M | Current | No | 2.85x | 75% |
| March 2026 | $3.5M | Current | No | 2.85x | 75% |
| February 2026 | $3.5M | Current | No | 2.85x | 75% |
| January 2026 | $3.5M | Current | No | 3.01x | 74% |
| December 2025 | $3.5M | Current | No | 3.01x | 74% |
| November 2025 | $3.5M | Current | No | 3.01x | 74% |
| October 2025 | $3.5M | Current | No | 2.93x | 75% |
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 2019-BNK17 | 45 | $3,461,840 | Sep 2026 | SEC filing, October 1, 2026 |
Other Las Vegas-Henderson-North Las Vegas loans due in 2029
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| Grand Canal Shoppes | Las Vegas, NV | Retail | $710.0M | 3.741% | Jul 2029 | 2.98x | 85% | Current |
| Bellagio Hotel and Casino | Las Vegas, NV | Hotel | $600.0M | 3.17% | Dec 2029 | 6.51x | 97% | Current |
| Showcase I | Las Vegas, NV | Retail | $169.5M | 6.36% | Jul 2029 | 1.18x | 99% | Current |
| Galleria At Sunset | Henderson, NV | Retail | $47.6M | 8.46% | Mar 2029 | 2.05x | 100% | Current |
| Hilton Dual Brand Las Vegas | Las Vegas, NV | Hotel | $46.0M | 7.93% | Apr 2029 | n/a | n/a | Current |
| Shadow Mountain Marketplace | Las Vegas, NV | Retail | $46.0M | 5.14% | Feb 2029 | 1.39x | 94% | Current |
| Oasis Plaza | Las Vegas, NV | Mixed use | $45.0M | 6.70% | Aug 2029 | 1.33x | 93% | Current |
| Rainbow Sunset Pavilion | Las Vegas, NV | Office | $39.4M | 5.145% | Jan 2029 | 1.83x | 87% | Current |
All loans maturing in 2029 · All Las Vegas-Henderson-North Las Vegas 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.