Adrian Edery & Josh Eliassian Secure $18.97 Million Refinance Loan For Self Storage In Norwalk
4 Willard Road
$18,969,000
Building Size
—
Asset Type
Self Storage
Closing
Apr 5, 2026
AI
The asset involved in the transaction is a self-storage facility located at 4 Willard Road in Norwalk, CT. The transaction is a refinance loan amounting to $18,969,000, structured with a 5-year fixed interest rate and full-term interest-only payments with a 150 basis points spread.
Summary of transaction details:
- Property Type: Self Storage
- Transaction Amount: $18,969,000
- Loan Type: Refinance
- Loan Terms: 5yr Fixed, Full term IO, 150bp spread
- Date: 4/6/2026
- Brokers: Adrian Edery & Josh Eliassian - Two50 Capital Group
Adrian Edery and Josh Eliassian served as the brokers representing the transaction through their affiliation with Two50 Capital Group. Their involvement highlights the professional expertise provided in facilitating this refinance deal.
Players
Norwalk Self Storage Market Snapshot
Boundary boundary · Self Storage · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.84%
Cash-on-Cash
-0.24%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93