YourStorageUnits Capital Partners has secured a $75 million construction loan for the development of six purpose-built, class-A, self-storage properties totaling 4,082 units in markets primarily serving the Orlando and Tampa, Fla., MSAs.
JLL worked with the developer/borrower to secure the four-year construction loan.
The six Florida properties are in Vero Beach, Sebring, Ocoee, Cocoa, Ft. Myers and Ft. Pierce. All of the assets are along major thoroughfares in densely populated regions near multiple retailers.
The YourStorageUnits facilities will offer an array of modern features, including climate-controlled units, interior drive-through unloading zones, covered canopy boat/RV parking, drive-up storage and some retail office space.
