Gantry Secures $18.3M Loan For StorEz Self Storage In Scottsdale
3030 North 73rd Street
$18,300,000
$257/SF
Building Size
71,000 SF
Asset Type
Self Storage
Closing
Dec 11, 2023
AI
Gantry has secured an $18.3 million loan for StorEz Self Storage, located at 3030 N. 73rd St. in Scottsdale. The property is a self storage facility with a total square footage of 71,000 and 797 units. The loan terms are set for a five-year permanent loan.
Summary of transaction details:
- Property Type: Self Storage
- Transaction Amount: $18,300,000
- Address: 3030 N. 73rd St., Scottsdale, AZ
- Market: Scottsdale, AZ
- Square Footage: 71,000
- Number of Units: 797
The loan was secured by Andy Bratt & Sean Kuang from Gantry. They represented StorEz Self Storage in the transaction.
Scottsdale Self Storage Market Snapshot
Boundary boundary · Self Storage · Loan transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.87%
Cash-on-Cash
-0.25%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93