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Hugh D. Cohen Acquires Self Storage In Virginia Beach For $58.1M Loan From Prime Finance

2424 Castleton Commerce Way
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This property located in VA received a loan of $58,150,000 over 2 years ago. The broker of the deal was David Merkin

Hugh D. Cohen and David Merkin were involved in a recent closed transaction for a self storage property located at 2424 Castleton Commerce Way in Virginia Beach, VA. The property spans approximately 390,380 square feet.

Summary of transaction details

  • Property Type: Self Storage
  • Transaction Amount: $58,150,000
  • Date: 12/08/2021
  • Market: Virginia Beach, VA

In this transaction, the lender was Prime Finance. The landlord of the property is Cohen Investment Group, represented by Hugh D. Cohen. David Merkin from Eastern Union served as the broker.

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Deals
  • Location
    2424 Castleton Commerce Way, Virginia Beach, VA 234562424 Castleton Commerce Way, Virginia Beach, VA 23456
  • Loan Value
    $58,150,000$58,150,000
  • Parties
    1 Broker, 1 Lender1 Broker, 1 Lender

Agent

David Merkin

David Merkin

Deals4
Financed$207.3M

Prime Finance

Prime Finance

Lender
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Volume$ 122.5B

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Deal Summary

LOAN IMAGE: Hugh D. Cohen & David Merkin DATE: 12/08/2021 ADDRESS: 2424 Castleton Commerce Way MARKET: Virginia Beach, VA ASSET TYPE: Self Storage ~ SF: 390,380 LENDER: Prime Finance LANDLORD: Cohen Investment Group - Hugh D. Cohen BROKER: David Merkin - Eastern Union LOAN AMOUNT: $58,150,000 LOAN TYPE: Bridge

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2424 Castleton Commerce Way

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