Lakeland Bank Provides $12M Loan For Self Storage Property On Van Buren Avenue, Westwood

The self storage property located at 10 Van Buren Avenue in Westwood has been involved in a recent transaction. The property comprises 830 units and is owned by Maxim Realty Trust, with Gerry A. Puccio acting as the landlord. The deal was facilitated by Gregory Nalbandian from JLL.

Summary of transaction details:

• Property Type: Self Storage
• Transaction Amount: $12,000,000
• Date: 09/29/2022
• Address: 10 Van Buren Avenue
• Market: Westwood
• Units: 830

The 10-year, fixed-rate loan for this transaction was provided by Lakeland Bank. The loan amount was $12,000,000.