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824 East 12th Street

Travis Winston & Alex Meshechok Of York RE Capital Secures $13.4M Refinance For Self Storage In TN & NC
FINANCEDSelf Storage

Travis Winston & Alex Meshechok Of York RE Capital Secures $13.4M Refinance For Self Storage In TN & NC

824 East 12th Street, 321 Flower House Loop & 4305 Benton Drive

$13,400,000

Building Size

Asset Type

Self Storage

Closing

Jun 10, 2026

AI

The asset involved in this transaction is a self-storage property located at 824 East 12th Street, 321 Flower House Loop, and 4305 Benton Drive. The property encompasses a total square footage of 152,150 and is situated within the markets of Chattanooga, TN, and Troutman, NC. The transaction includes a loan amount of $13,400,000 for refinance purposes.

Summary of transaction details:

  • Property Type: Self Storage
  • Transaction Amount: $13,400,000
  • Address: 824 East 12th Street, 321 Flower House Loop & 4305 Benton Drive
  • Market: Chattanooga, TN & Troutman, NC
  • Square Footage: 152,150
  • Landlord: Travis Winston & Alex Meshechok - York RE Capital
  • Brokers: Tom Sherlock, Kim Bishop, Lauren Maehler & Ivan Viramontes - Talonvest Capital
  • Loan Type: Refinance

The deal involves key individuals such as Travis Winston and Alex Meshechok representing the landlord through their company York RE Capital. Additionally, the brokerage team from Talonvest Capital, which includes Tom Sherlock, Kim Bishop, Lauren Maehler, and Ivan Viramontes, facilitated the transaction, playing a significant role in the loan refinance arrangement.

Players

Ivan Viramontes

Broker

$174.5M

vol

9 deals

Broker

Chattanooga 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

1.18%

Cash-on-Cash

-0.34%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93