Marcus & Millichap Capital Corporation (MMCC) arranged $7,380,000 in financing for Beaumont RV and Self Storage, a 49,958-square-foot self-storage property located at 251 W. 1st St. in Beaumont.
Chad O’Connor, executive managing director in MMCC’s San Diego office, secured the 10-year financing with a national federal credit union on behalf of a private client. The loan carries a 5.75% interest rate and a 30-year amortization period.
“Demand for self-storage remains supported by the sector’s durable operating fundamentals and the need for flexible space serving both household and recreational uses,” said O’Connor. “We were pleased to secure long-term financing with competitive terms that align with our client’s investment objectives.”…