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5/04/26
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Signal Ventures has obtained $15.534 mil in construction financing for Badger Road, Bend Self Storage, a ground-up self-storage facility located at 20130 Badger Rd in Bend, OR. The shovel-ready development will deliver 118.8k sf encompassing 92.6k sf across 877 climate-controlled units on a strategically positioned 1.87-acre site.
The property enjoys prime visibility along US Route 97, Bend's primary north-south thoroughfare and the busiest road in the city with an average daily traffic count of 24,826 vehicles. The site is fully entitled for self-storage with all necessary permits secured, positioning it as a turnkey development opportunity within a densely populated and affluent residential corridor.
Approximately 60,000 residents live within three miles of the property, with an average household income of $124,000. Additionally, the location benefits from immediate adjacency to major national retailers, including a Walmart that generates more than 2.4 mil annual visitors and ranks among the highest-performing locations in Oregon.
The Bend market has experienced remarkable population growth of 91% since 2000, establishing itself as one of the fastest-growing cities in the United States and a premier destination for remote workers and lifestyle migrants. The self-storage sector in Central Oregon has demonstrated consistent strength with occupancy rates ranging from 91 to 95 percent.
A JLL Capital Markets team led by Directors Jonah Aelyon, Taylor Gimian and John Williamson arranged the loan through Live Oak Bank.JLL’s Senior Managing Director Brian Somoza and Vice President Adam Roosien were involved in brokering the sale.
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