Hugh D. Cohen Acquires Self Storage In Virginia Beach For $58.1M Loan From Prime Finance | 2424 Castleton Commerce Way | Prime Finance | David Merkin | Loan

Summary

Loan

VIRGINIA

390,380 sqft

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.

Players

All
2

Agents
1
Lenders
1

David Merkin

Managing Director

Prime Finance

Details

Deal Summary

FINANCED

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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Address2424 Castleton Commerce Way

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