$14,700,000 | William Warren Group

Property: StorQuest Van Nuys (15640 Roscoe Blvd.)
Location: Van Nuys, CA
Description: The subject site is in the Van Nuys submarket of Los Angeles. Upon completion, the project will consist of a 7 story, fully climate-controlled, Class A, self-storage property with excellent signage and visibility. The facility will offer approximately 88,301 SF of rentable space, configured into approximately 1,091 rental units.
Loan Type: Construction Loan
Capital Provider: Southern California Community Bank

Client Benefits:

  • Eliminated interest rate risk via a 5-year fixed rate construction loan
  • Enhanced ownership’s cash flow with 4 years IO
  • Further minimized refi risk with a 5-year extension option
  • Increased financing flexibility with no prepayment penalty