Self storage · Santa Maria, California
Super Storage
Super Storage is financed with a $3.5M CMBS loan at 3.848% that reaches maturity on November 11, 2029, in 3 years. As of the Sep 2026 servicer report, the latest filed for this loan, its status is current.
The loan
- Balance in tracked trusts
- $3,531,000
- Original balance (same notes)
- $3,531,000
- Interest rate
- 3.848% fixed
- Originated
- October 18, 2019
- Maturity
- November 11, 2029
- Payments
- Interest only for the full term
- Prepayment lockout ends
- August 10, 2029
- Master servicer
- Trimont LLC
- Originator
- WFB
Status
- Payment status
- Current (code 0)
- Special servicing
- No transfer reported
- Defeasance
- None reported
The property
- Address
- 2600 Santa Maria Way, Santa Maria, CA 93455
- Metro
- Santa Maria-Santa Barbara, CA
- Rentable area
- 40,355 sq ft
- Units, rooms or beds
- 321
- Built
- 2000
- Value at securitization
- $5.9M (Aug 2019)
Performance
| At securitization | Latest (Dec 2025) | |
|---|---|---|
| DSCR (NOI) | 2.19x | 1.66x |
| Occupancy | 92% | 86% |
| Net operating income | $303K | $229K |
| Debt yield | 6.5% |
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-BNK23 filing for the reporting period ending September 11, 2026, filed with the SEC October 1, 2026.
- Coverage down 0.25x or more from securitization
- NOI down 20% 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 92% when the loan was securitized to 86%.
- Net operating income is 24% below the underwritten figure ($229K a year against $303K).
- Debt service coverage moved from 2.19x at securitization to 1.66x on the latest statements.
The last 12 monthly reports
| Report month | Balance | Payment status | Special servicer | DSCR | Occupancy |
|---|---|---|---|---|---|
| September 2026 | $3.5M | Current | No | 1.66x | 86% |
| August 2026 | $3.5M | Current | No | 1.66x | 86% |
| July 2026 | $3.5M | Current | No | 1.66x | 86% |
| June 2026 | $3.5M | Current | No | 1.66x | 86% |
| May 2026 | $3.5M | Late payment but less than 30 days delinquent | No | 1.66x | 86% |
| April 2026 | $3.5M | Late payment but less than 30 days delinquent | No | 1.66x | 86% |
| March 2026 | $3.5M | Current | No | 1.66x | 86% |
| February 2026 | $3.5M | Current | No | 1.82x | 89% |
| January 2026 | $3.5M | Current | No | 1.82x | 89% |
| December 2025 | $3.5M | Late payment but less than 30 days delinquent | No | 1.82x | 89% |
| November 2025 | $3.5M | Current | No | 1.75x | 90% |
| October 2025 | $3.5M | Current | No | 1.75x | 90% |
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-BNK23 | 44 | $3,531,000 | Sep 2026 | SEC filing, October 1, 2026 |
Other Santa Maria-Santa Barbara loans due in 2029
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| Hampton Inn Santa Barbara - Goleta | Goleta, CA | Hotel | $18.0M | 8.04% | Jun 2029 | 2.32x | 87% | Current |
| Santa Maria Commerce Center | Santa Maria, CA | Retail | $8.8M | 6.70% | Feb 2029 | 1.64x | n/a | Current |
All loans maturing in 2029 · All Santa Maria-Santa Barbara 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.