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Empire Lockers Acquires Self Storage Property On Nansen Drive In Medford, OR For $7.2M

2878 Nansen Drive
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This property located in OR received a loan of $7,200,000 almost 2 years ago. The broker of the deal was Phillip Gause

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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Deals
  • Location
    2878 Nansen Street, Medford, Oregon 97504, United States2878 Nansen Street, Medford, Oregon 97504, United States
  • Loan Value
    $7,200,000$7,200,000
  • Parties
    1 Broker, 1 Agency1 Broker, 1 Agency

Agent

Phillip Gause

Phillip Gause

Deals5
Financed$91.4M

Agency

Marcus & Millichap

Marcus & Millichap

Agency
Deals6999
Volume$66B

Deal Summary

LOAN IMAGE: Phillip Gause DATE: 06/19/2022 ADDRESS: 2878 Nansen Drive MARKET: Medford, OR ASSET TYPE: Self Storage LANDLORD: Empire Lockers BROKERS: Phillip Gause - Marcus & Millichap Capital Corporation LOAN AMOUNT: $7,200,000 LOAN TERMS: 10-year fixed-rate loan

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2878 Nansen Drive

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