Talonvest Capital Arranges $21.4M Loan For SpareSpace Storage In Miami

The self storage property located at 650 Northwest 30th Street in Miami has been involved in a closed transaction. Spanning an area of 106,940 square feet, this self storage facility is owned by SpareSpace Storage.

Summary of transaction details

• Property Type: Self Storage
• Transaction Date: 02/25/2022
• Address: 650 Northwest 30th Street, Miami
• Market: Miami
• Square Footage: 106,940

In the deal facilitated by Talonvest Capital, the loan amount of $21,400,000 was secured for this self storage property. The loan terms include interest-only payments throughout the loan's duration with the option to extend for two additional 12-month periods.

The transaction was arranged by the following brokers: David DiRienzo, John Chase, Jim Davies, Ivan Viramontes, and Thalia Tovar, all representing Talonvest Capital.