Dino Tomassetti Jr. Secures $11.075 Million Construction Loan For Self Storage In Monroe CT
205 Monroe Turnpike
$11,075,000
$110/SF
Building Size
100,580 SF
Asset Type
Self Storage
Closing
Sep 16, 2025
AI
The property involved in the transaction is a self-storage facility located at 205 Monroe Turnpike, Monroe, CT, encompassing a total square footage of 100,580. The loan amount secured for this property is $11,075,000, classified as a construction loan with terms spanning 54 months and an interest rate of 3.10 over SOFR.
Summary of transaction details:
- Property Type: Self Storage
- Transaction Amount: $11,075,000
- Address: 205 Monroe Turnpike
- Market: Monroe, CT
- Loan Type: Construction
- Loan Terms: 54 Months I/O | 3.10 over SOFR
- Landlord: Dino Tomassetti Jr.
- Landlord's Representative: Kathy Anderson & Caillin Boles - Cushman & Wakefield
The deal was primarily facilitated by landlord Dino Tomassetti Jr., with representation provided by Kathy Anderson and Caillin Boles from Cushman & Wakefield, highlighting the involvement of experienced professionals in the execution of the transaction.
Players
Monroe 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
1.43%
Cash-on-Cash
-0.41%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93