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1760 Front Street, 280 Broadway, 1000 Axinn Avenue & 50 Carnation Avenue
FINANCED

JLL Arranges $53M Loan For Self Storage Portfolio In Long Island And Westchester

1760 Front Street, 280 Broadway, 1000 Axinn Avenue & 50 Carnation Avenue

Other
clock iconFinanced 1 year ago
Griffin Guthneck
Stephen Van Leer
Brian Somoza
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Summary

Loan
NEW YORK
Other

A self-storage portfolio comprising three properties located at 1760 Front Street, 280 Broadway, 1000 Axinn Avenue, and 50 Carnation Avenue has been involved in a closed transaction in Long Island and Westchester markets. The portfolio consists of a total of 3,836 units.

Summary of transaction details:

The deal was facilitated by Griffin Guthneck, Stephen Van Leer, Steve Mellon, and Brian Somoza of JLL. The lender for this transaction was PGIM Real Estate, and the landlord involved was Harrison Street. The terms of the deal include an interest-only loan with a three-year term and two one-year extension options.

Players

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    6

  • Agents

    4

  • Agencies

    1

  • Lenders

    1

Griffin Guthneck's profile picture
Griffin Guthneck
JLL-image
Senior Director
Brian Somoza's profile picture
$174.5M Sold
Steve Mellon's profile picture

Details

Deal Summary
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FINANCED
IMAGE: Griffin Guthneck, Stephen Van Leer, Steve Mellon & Brian Somoza DATE: 02/05/2021 ADDRESS: 1760 Front Street, 280 Broadway, 1000 Axinn Avenue & 50 Carnation Avenue MARKET: Long Island, Westchester ASSET TYPE: Self Storage Portfolio ~ UNITS: 3,836 LENDER: PGIM Real Estate LANDLORD: Harrison Street BROKERS: Griffin Guthneck, Stephen Van Leer (@SVanLeer), Steve Mellon & Brian Somoza @JLL AMOUNT: $53,000,000 TERMS: Interest-only, three-year with two-one year extension options.

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Address1760 Front Street, 280 Broadway, 1000 Axinn Avenue & 50 Carnation Avenue

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