Updated Oct 12, 2026
Summerland Storage Partners Secures $45M Acquisition Loan From Affinius Capital For Self Storage Properties
14 Merrick Road, 225 Sheep Pasture Road & 71 Bishop Street
$45,000,000
Building Size
—
Asset Type
Self Storage
Closing
Dec 30, 2025
About this deal
AI
Three self-storage properties located at 14 Merrick Road, 225 Sheep Pasture Road, and 71 Bishop Street in Lynbrook & East Setauket, New York, and Framingham, Massachusetts were involved in a transaction. The acquisition financing for these properties amounted to $45,000,000.
Summary of transation details:
- Property Type: Self Storage
- Transaction Amount: $45,000,000
- Lender: Len O'Donnell - Affinius Capital
- Landlord: David Dodman - Summerland Storage Partners
- Loan Type: Acquisition
Summerland Storage Partners, represented by David Dodman, secured the acquisition financing from Affinius Capital, represented by Len O'Donnell, to purchase the properties from Mequity Companies.
On the Map
$45,000,000
Self Storage
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Players
Lynbrook Self Storage Market Snapshot
Boundary boundary · Self Storage · Loan transactions
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Deal FAQ
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.35%
Cash-on-Cash
-0.10%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93