$17,250,000 | Cubes Self Storage

Property: 6743 South 1300 East and 1053 East 3300 South
Location: Cottonwood Heights and Millcreek, UT
Description: Two property portfolio built in 2009-2010, featuring 148,071 combined net rentable square feet in 1,342 climate and non-climate-controlled storage units. These Class-A facilities benefit from frontage on major arterials and have excellent visibility and accessibility in comparison to competitive properties.
Loan Type: Perm Loan
Capital Provider: Life Insurance Company

Client Benefits:

  • Locked into an attractive interest rate at loan application
  • Enhanced cash yield via full term IO structure
  • Met the requested 5-year loan term and maintained pre-payment flexibility
  • Non-recourse