Empire Lockers Acquires Self Storage Property On Nansen Drive In Medford, OR For $7.2M
FINANCED
$7,200,000
Oregon
See Similar Deals48,130 SF
Financed 06/19/2022
FINANCED
Empire Lockers Acquires Self Storage Property On Nansen Drive In Medford, OR For $7.2M
2878 Nansen Street, Medford, Oregon 97504, United States
See Similar Deals48,130 SF
Financed 06/19/2022
Summary
OREGON
Price Per Square Foot:$149
Total Square Footage:48,130 SF
Transaction Type:Loan
Empire Lockers has secured a $7,200,000 loan for a self-storage property located at 2878 Nansen Drive in Medford, OR. The loan terms are set at a 10-year fixed rate, providing stability for the investment.
Summary of Transaction Details
- Property Type: Self Storage
- Transaction Amount: $7,200,000
- Address: 2878 Nansen Drive, Medford, OR
- Market: Medford, OR
The financing was facilitated by Phillip Gause of Marcus & Millichap Capital Corporation, serving as the broker for Empire Lockers. This loan enables Empire Lockers to acquire or expand their existing self-storage facility, further solidifying their presence in the Medford market.
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$7,200,000.00
Monthly NOI$48,000.00
Monthly Debt Service$45,508.90
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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