$13,800,000 | Catalyst Self Storage

Property: 3736 Rainier Avenue South
Location: Seattle, WA
Description: The facility was developed by Catalyst in 2014 and features 851 climate-controlled units and 64,689 net rentable square feet. The property is conveniently located approximately 3.5 miles southeast of Downtown Seattle and benefits from its location on a major arterial road with high traffic counts, as well as its proximity to multiple retailers including Walgreen’s, Safeway and Lowe’s Home Improvement.
Loan Type: Permanent Loan
Lender: CMBS Lender

Client Benefits:

  • Interest only payments for 10 years
  • Non-recourse permanent financing
  • Long term fixed rate eliminated interest rate risk
  • Rate locked in the mid 3% range