Photo: Google Maps
Investment highlights
The portfolio consists of three, Class A self-storage facilities that include several amenities such as individual unit locks, keypad entry, on-site management, oversized interior/enclosed loading area (equipped with commercial loading docks, spacious access ramps, cargo lifts, and two automatic freight elevators).
- The portfolio includes 173,206 square feet of storage spread across 3,344 traditional storage units.
The properties are located a short distance from downtown San Antonio and Atlanta, respectively, with strong population and income
Each property provides easy access to nearby major thoroughfares and retail destinations in their respective submarkets across the state
of New York.
Investment details1
Total loan size
$53,155,000
Purpose
Refinancing
LTV
60%
Year built
2019
Square feet
173,209
Portfolio weight
0.7%
Description
Refinancing of a Class A self-storage portfolio comprised of three properties across New York state