FINANCED
Gramor Development Washington Secures $8.8M Loan For Cubes Self Storage In Covington
27115 164th Avenue Southeast
Self Storage
65,902 SF
65,902 SF
Financed 240 days ago
Summary
Loan
WASHINGTON
Self Storage
65,902 sqft
Gramor Development Washington has secured an $8.8 million permanent loan for Cubes Self Storage, a 65,902-rentable-square-foot facility located at 27115 164th Avenue Southeast in Covington, WA. The loan was provided by Transamerica Life Insurance Co.
Summary of transaction details
- Property Type: Self Storage
- Transaction Amount: $8,800,000
- Address: 27115 164th Avenue Southeast, Covington, WA
- Market: Covington, WA
- Asset Type: Self Storage
- Size: 65,902 square feet
The loan terms for this transaction consist of a seven-year, fixed-rate loan with interest-only payments for the initial two years. The loan was facilitated by brokers David DiRienzo, Kim Bishop, Ivan Viramontes, and Lauren Maehler of Talonvest Capital. The landlord for Cubes Self Storage is Barry Cain of Gramor Development Washington.
Players
Details
FINANCED
IMAGE: Barry Cain, David DiRienzo, Kim Bishop, Ivan Viramontes & Lauren Maehler
DATE: 09/13/2023
ADDRESS: 27115 164th Avenue Southeast
MARKET: Covington, WA
ASSET TYPE: Self Storage ~ SF: 65,902
LENDER: Transamerica Life Insurance Co
LANDLORD: Barry Cain - Gramor Development Washington
BROKERS: David DiRienzo, Kim Bishop, Ivan Viramontes & Lauren Maehler - Talonvest Capital
LOAN AMOUNT: $8,800,000
LOAN TERMS: seven-year, fixed-rate loan with interest-only payments for the initial two years
NOTE: Gramor Development Washington has secured an $8.8 million permanent loan for Cubes Self Storage, a 65,902-rentable-square-foot facility in Covington, Washington.View on map
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Address27115 164th Avenue Southeast
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