Alton Self Storage

Overview

Deal Type CMBS
Size $21 Million
Self Storage
Irvine, CA
Client & Transactional Partners Alton Self Storage
Our Role Lender

Summary

The transaction includes a $21,000,000 ($135/unit) non-recourse, first mortgage loan secured by a 159,196 square foot, self-storage facility, known as Alton Self Storage, located in Irvine, CA, which is part of the greater Anaheim-Santa Ana-Irvine metro, located within the Irvine Business Complex. Built in 1992 and renovated in 2016, the property comprises of one, three-story building spread on 2.70 acres of land. The first floor of the Subject consists of 344 traditional units (21.5%) while the second and third floor contain 1,220 climate-controlled units (78.5%). The sponsor will be using the proceeds to refinance the existing debt. The loan is structured with a 10-year full interest only term.

Recent Deals

March 2025

integer

$1 Billion

Convertible Senior Notes due 2030

Co-Manager

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March 2025

sandbrook capital

acquired

intellirent

Senior Secured Credit Facilities

Sole Lead Arranger
Administrative Agent

intellirent
March 2025

imagefirst

a portfolio company of

caleracapital

$625 Million

Senior Secured Credit Facilities

Joint Lead Arranger
Joint Bookrunner

imagefirst
March 2025

terra vet

has received an entity-level preferred equity investment from

sculptor

Sole Placement Agent

terravet-reit-inc

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