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Acquisition financing for a two-property self-storage portfolio, totaling 1,970 self storage units, situated just outside San Antonio and Atlanta
Investment highlights
- The San Antonio unit is a three-story property situated on two acres with 92,727 square feet across 1,115 units.
- The Atlanta unit is a five-building property situated on five acres with 94,487 square feet across 855 units.
- The properties are located a short distance from downtown San Antonio and Atlanta, respectively, with strong population and income demographics.
Locations
Investment details1
Total loan size
$19,700,000
Purpose
Acquisition financing
LTV
78.5%
Date of loan
02/27/20
Year built
2019
Square feet
187,214