The asset involved in this transaction is a development site located at 2270 McKinnon Avenue, San Francisco. The project is set to become an Extra Space self-storage facility, comprising 1,600 units within a 175,000-square-foot structure. This construction includes a five-story layout, with light industrial space on the ground floor and storage facilities occupying the four upper levels.

Summary of transaction details:

• Property Type: Development Site
• Transaction Amount: $45,200,000
• Lender: Tyler Figley - Affinius Capital
• Lender: Tyler Kimball - Axonic Capital
• Landlord: Stanley Zheng - Deca Companies
• Broker: Kim Bishop - Talonvest Capital
• Loan Type: Construction

This financing deal was facilitated by Talonvest Capital, representing Deca Companies. The arrangement addresses a 20-year supply gap in San Francisco's self-storage market and positions the project under the well-recognized Extra Space brand.