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Jared Cassidy Of Marcus & Millichap Secures $9.25M Loan For Whiteville Self Storage Portfolio
FINANCED
$9,250,000
North Carolina
See Similar DealsSelf Storage125,000 SF
Financed 10/30/2025
FINANCED
Jared Cassidy Of Marcus & Millichap Secures $9.25M Loan For Whiteville Self Storage Portfolio
410 East Main Street
See Similar DealsSelf Storage125,000 SF
Financed 10/30/2025
Summary
NORTH CAROLINA
Asset Type:Self Storage
Price Per Square Foot:$74
Total Square Footage:125,000 SF
Transaction Type:Loan
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.
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$9,250,000.00
Monthly NOI$61,666.67
Monthly Debt Service$58,466.29
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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