Friday, October 5, 2012

HFF secures $2.35 million refinancing for self storage facility in Sacramento, CA

21st Century Storage, Sacramento, CA
LOS ANGELES, CA – HFF announced today that it has secured a $2.35 million refinancing for 21st Century Storage, a 457-unit self storage facility in Sacramento, California.

                Working on behalf of 21st Century Storage, HFF placed the fixed-to-floating rate loan with Kinecta Federal Credit Union.  The loan has a five-year term with a five-year extension option.  The borrower was refinancing to take advantage of lower rates in the market.

                21st Century Storage is located at 4161 Pell Drive close to Interstate 80 about five miles north of downtown Sacramento.  The property was completed in 2004 and totals 55,780 square feet.

Christopher Vittetoe
 The HFF team representing the borrower was led by director Christopher Vittetoe.

                21st Century Self Storage is a privately-held company based in Aspen, Colorado.  The company operates eight facilities in the United States with more under development.


Kristen M. Murphy
Associate Director
HFF | 9 Greenway Plaza, Suite 700 | Houston, TX 77046
tel 713.852.3500 | cel 617.543.4873 | fax 713.527.8725 |

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