Updated Nov 3, 2025
Jared Cassidy Of Marcus & Millichap Secures $9.25M Loan For Whiteville Self Storage Portfolio
410 East Main Street
$9,250,000
$74/SF
Building Size
125,000 SF
Asset Type
Self Storage
Closing
Oct 30, 2025
About this deal
AI
A refinancing transaction was arranged for a self-storage portfolio located at 410 East Main Street in Whiteville, NC. The asset, comprising 996 units and totaling 125,000 square feet, secured a loan amount of $9,250,000.
Summary of transaction details:
- Property Type: Self Storage
- Transaction Amount: $9,250,000
- Address: 410 East Main Street
- Market: Whiteville, NC
- Asset Size: 125,000 SF
- Broker: Jared Cassidy - Marcus & Millichap
The refinancing deal involved a five-year, non-recourse loan with full-term interest-only payments and cash-out proceeds. The loan was secured on behalf of a family-owned real estate firm by Jared Cassidy.
Players
Whiteville Self Storage Market Snapshot
Boundary boundary · Self Storage · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.71%
Cash-on-Cash
-0.49%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93