Updated May 12, 2025
TIAA Provides $4M Refinance Loan For Self-Storage Property In Riverview
7201 Us Route 301
$4,000,000
$63/SF
Building Size
63,112 SF
Asset Type
Industrial
Closing
Feb 16, 2023
About this deal
AI
The asset involved in this transaction is a self-storage facility located at 7201 Us Route 301 in the Riverview market. It spans a square footage of 63,112 and is part of a refinancing deal valued at $4,000,000.
Summary of transaction details:
- Property Type: Self-Storage
- Transaction Amount: $4,000,000
- Lender: TIAA
- Landlord: Timberline Capital
- Representative: Travis Winston
- Loan Type: Refinance
This refinancing transaction showcases the role of Travis Winston, representing Timberline Capital in this deal, facilitating the interaction between the lender, TIAA, and the landlord to secure the refinancing needed for the property.
Players
Market Industrial Market Snapshot
Boundary boundary · Industrial · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
3.97%
Cash-on-Cash
-1.13%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93