Encino Self Storage

$6,570,000 Self Storage Loan from Life Insurance Company

City: Encino, CA
Loan amount: $6,570,000
Lender type: Life Insurance Company
Property type: Self Storage
Size: 668 Unit

Transaction description

PSRS arranged a 15-year, 30 amortization non-recourse loan, with one of their correspondent life companies, for this 668-unit in-fill self-storage on Ventura Blvd. It is a single-building with three stories and 49,470 square feet of rentable space. Originally built in 2004, the property includes both interior and drive up units and offers electronically gated access, an elevator to the upper floors, property-wide video security, individually alarmed units, heat sensors, and is fully-sprinklered.

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