FINANCED
JLL Arranges $53M Loan For Self Storage Portfolio In Long Island And Westchester
1760 Front Street, 280 Broadway, 1000 Axinn Avenue & 50 Carnation Avenue
Other
Financed 1 year ago
Summary
Loan
NEW YORK
Other
A self-storage portfolio comprising three properties located at 1760 Front Street, 280 Broadway, 1000 Axinn Avenue, and 50 Carnation Avenue has been involved in a closed transaction in Long Island and Westchester markets. The portfolio consists of a total of 3,836 units.
Summary of transaction details:
- Property Type: Self Storage Portfolio
- Transaction Amount: $53,000,000
- Market: Long Island, Westchester
- Lender: PGIM Real Estate
- Landlord: Harrison Street
- Brokers: Griffin Guthneck, Stephen Van Leer, Steve Mellon, and Brian Somoza of JLL
- Terms: Interest-only, three-year with two-one year extension options
The deal was facilitated by Griffin Guthneck, Stephen Van Leer, Steve Mellon, and Brian Somoza of JLL. The lender for this transaction was PGIM Real Estate, and the landlord involved was Harrison Street. The terms of the deal include an interest-only loan with a three-year term and two one-year extension options.
Players
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5
Agents
4
Agencies
1
Details
FINANCED
IMAGE: Griffin Guthneck, Stephen Van Leer, Steve Mellon & Brian Somoza
DATE: 02/05/2021
ADDRESS: 1760 Front Street, 280 Broadway, 1000 Axinn Avenue & 50 Carnation Avenue
MARKET: Long Island, Westchester
ASSET TYPE: Self Storage Portfolio ~ UNITS: 3,836
LENDER: PGIM Real Estate
LANDLORD: Harrison Street
BROKERS: Griffin Guthneck, Stephen Van Leer (@SVanLeer), Steve Mellon & Brian Somoza @JLL
AMOUNT: $53,000,000
TERMS: Interest-only, three-year with two-one year extension options.View on map
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Address1760 Front Street, 280 Broadway, 1000 Axinn Avenue & 50 Carnation Avenue
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