Fantini & Gorga has arranged $9,300,000 in financing for a self-storage facility in Auburn, MA. The subject is operated by one of New England's leading independent storage brands, which has 13 properties in four New England states and has earned an excellent reputation for providing convenient, safe, and secure storage spaces and superior service for commercial and residential clients. The portfolio offers more than 720,000 square feet of rentable area.
The subject property consists of 6.4 acres of land on State Route 20, located midway between Exits 10 and 10A of the Massachusetts Turnpike. The site is improved with twelve buildings with 104,449 square feet of rentable area. The 739 units offer a mix of climate- and standard units. The property performs at a consistently high level of occupancy.
The transaction was completed with a New England-based financial institution.
FHA Insured Loan
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