Citizens Bank Provides $5.5M Loan For Festus Self Storage Property Acquisition

The self storage property located at 2100 U.S. Highway 67 in Festus, MO has been involved in a recent closed transaction. The property spans a total of 69,425 square feet and consists of 529 units. The transaction took place on 11/10/2022 and the lender involved in the deal was Citizens Bank. The loan amount for the transaction was $5,500,000. The brokers representing the parties involved in the transaction were Anne Williams and Marla Čolić from Marcus & Millichap.

Summary of transaction details

• Property Type: Self Storage
• Transaction Amount: $5,500,000
• Address: 2100 U.S. Highway 67, Festus, MO
• Market: Festus, MO
• Asset Type: Self Storage
• Square Footage: 69,425
• Units: 529
• Lender: Citizens Bank
• Brokers: Anne Williams & Marla Čolić - Marcus & Millichap

Anne Williams and Marla Čolić from Marcus & Millichap played crucial roles as brokers in assisting the parties involved in the transaction. Their expertise and representation contributed to the successful completion of the deal. The transaction showcases the strong demand and interest in the self storage market in Festus, MO.