|
4/06/18
|
Chicago Capital Funds, a privately held investment firm, has obtained $13.6 mil in financing on U-Stor-It Logan, a recently developed self-storage facility in San Diego. The four-story, 98k sf property has 1,145 storage units, three elevators servicing three dedicated loading areas to provide tenant access into the building, and 16 parking spaces on a 1.9-acre, sloped site.
U-Stor-It Logan is located at 930 S. 47th St, near to retail and numerous residential complexes. The property offers visibility from I-805, a major north-south interstate in Southern California.
The non-recourse, 10-year fixed rate, interest-only permanent loan was arranged by Jim Davies, Kim Leslie, Tom Sherlock, and Terra Hendrich with Talonvest Capital Inc. It was provided by a large national bank that funded the cash-out securitized loan utilizing an aggressive debt yield and short underwriting period.
|
|
Return to the Archive page
|
|
|
|
|