Raintree & Pima Self Storage Partners Secures $20M Loan For Self Storage Property
15023 North Pima Road, Scottsdale, Arizona 85260, United States
$20,000,000
$245/SF
Building Size
81,435 SF
Asset Type
—
Closing
Jun 8, 2022
About this deal
AI
The self storage property located at 15023 North Pima Road in Scottsdale, AZ has been involved in a recent loan transaction. The property spans approximately 81,435 square feet and sits on 2.2 acres of land. The loan amount for this transaction is $20,000,000.
Summary of Transation Details
- Property Type: Self Storage
- Transaction Amount: $20,000,000
- Address: 15023 North Pima Road, Scottsdale, AZ
- Market: Scottsdale, AZ
- Square Footage: 81,435
- Acres: 2.2
Raintree & Pima Self Storage Partners, the landlord of the property, was involved in this loan transaction.
Players
Scottsdale CRE Market Snapshot
Boundary boundary · CRE · Loan transactions
Loading comparables…
Deal FAQ
Browse Arizona loans on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.79%
Cash-on-Cash
-0.23%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93