Gantry Arranges $31.76M Refinance For Three Self Storage Facilities In California

Three fully stabilized self-storage facilities located in California were refinanced with a total loan amount of $31,760,000. The facilities are situated at 224 North A Street, 4700 Main Street, and 655 3rd Street, covering units totaling 2,607 across the sites. The primary markets for these assets include Lompoc, Oakley, and Oakland.

Summary of transation details:

• Property Type: Self Storage
• Transaction Amount: $31,760,000
• Loan Type: Refinance
• Units: 2,607
• Address: 224 North A Street, 4700 Main Street & 655 3rd Street
• Market: Lompoc, Oakley & Oakland
• Brokers: Erinn Cooke & Tom Dao - Gantry

Gantry arranged the refinancing, which included specific amounts of $9.76 million for an ExtraSpace site in Lompoc, $10 million for StoreLocal in Oakley, and $12 million for SAF Keep in Oakland. The financing was sourced from life companies and institutional lenders, indicating a diverse funding approach for the transaction.