Empire Lockers Acquires Self Storage Property On Nansen Drive In Medford, OR For $7.2M
2878 Nansen Street, Medford, Oregon 97504, United States
$7,200,000
$149/SF
Building Size
48,130 SF
Asset Type
—
Closing
Jun 18, 2022
AI
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.
Medford CRE Market Snapshot
Boundary boundary · CRE · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.20%
Cash-on-Cash
-0.63%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93