Phoenix & Southwest CRE News In Your Inbox.

Sign up for Connect emails to stay informed with CRE stories that are 150 words or less.

hbspt.forms.create({ portalId: "6064756", formId: "c2d57cef-868c-4be5-bb20-b5876b17e9d1" });

Sub Markets

Property Sectors

Topics

Phoenix & Southwest  + Arizona  + Industrial  | 
Newly Formed Storage REIT Makes Maiden Acquisitions

Self-Storage Project Lands Completion Loan at $17M

Self storage properties can generate market heat – and not just because they’re in Arizona. Life Storage North Scottsdale is a 70,535 square foot, 804-unit climate-controlled self-storage facility located on a 1.44-acre site – and the project has secured a $17 million loan from Thorofare Capital for construction/completion.

TLW Construction is the general contractor on the project, which was approximately 65 percent complete at the time of closing. RKAA Architects, Inc., a national full-service architectural and design firm, with offices in Newport Beach and Phoenix, serves as the project’s architect, according to a news release.

Location and amenities? The class A, newly built facility will feature 20 parking stalls with dedicated handicap parking, and centrally located elevators will provide convenient unit access. The property will have two access points, one off Monogram Drive, and another off Scottsdale Road.

Connect

Inside The Story

Thorofare Capital

About Jason Middleton

  • ◦Financing