Basis Industrial Secures $12.1M Construction Loan For Voorhees Township Self-Storage With WSFS Bank

Basis Industrial has obtained a $12.1 million construction loan from WSFS Bank for a self-storage facility located at 111 Centennial Boulevard in Voorhees Township, New Jersey. The facility has a total square footage of 113,000 and is part of Basis Industrial's nationwide self-storage portfolio expansion.

Summary of transation details

• Property Type: Self Storage
• Transaction Amount: $12,100,000
• Address: 111 Centennial Boulevard, Voorhees Township, New Jersey
• Market: Voorhees Township

The lender for this transaction is Rodger Levenson from WSFS Bank. Daniel Weinstein, Jay Massirman, and Stephen Garchik from Basis Industrial act as the landlords, and Justin Wheeler from Berkadia serves as the broker. Construction for the facility is scheduled to begin in September 2023, with an expected completion date in the fall of 2024. Public Storage will manage the self-storage facility.