Progress Capital Arranges $19.7M Construction Loan For Rockaway Beach Self Storage

The self-storage property located at 106-02 Rockaway Beach Boulevard in Rockaway Beach, Queens has been involved in a recent loan transaction. The property spans a total area of 135,719 square feet and is owned by Dino Tomassetti, Jr. of Asset Realty & Construction Group.

Summary of transaction details:

• Property Type: Self Storage
• Transaction Amount: $19,725,000
• Address: 106-02 Rockaway Beach Boulevard, Rockaway Beach, Queens
• Market: Rockaway Beach, Queens
• Lender: Columbia Bank
• Landlord: Dino Tomassetti, Jr. - Asset Realty & Construction Group
• Brokers: Kathy Anderson & Caillin Boles - Progress Capital
• Loan Type: Construction

The loan amount for this transaction was $19,725,000 and it was provided by Columbia Bank. Kathy Anderson and Caillin Boles from Progress Capital represented the parties involved in this deal.