HOUSTON, TX – HFF announced today that it has arranged a $4.55 million refinancing for Austin Highway Self Storage (top left photo), a 90,000-square-foot storage facility in San Antonio, Texas. HFF worked exclusively on behalf of Austin Highway Self Storage, LTD to secure the 10-year, non- recourse, 4.55 percent fixed-rate loan through RiverSource Investments, LLC. The loan will also be serviced by HFF.
Austin Highway Self Storage is located west of the intersection of North Vandiver Road and Austin Highway (Loop 368) adjacent to the Alamo Heights and Terrell Hills residential neighborhoods.
The 560-unit, three-story property was built in 2005 and features climate-controlled, as well as conventional storage units, and professional office space. Amenities include 24-hour gated access, individual door alarms, security cameras, industrial-size elevators and on-site management Monday through Friday.
The HFF team representing Austin Highway Self Storage, LTD was led by director Colby Mueck (middle right photo) and senior managing director Aaron Swerdlin (lower left photo).
Robert Loeb and Brian Cisarik are co-developers of Austin Highway Self Storage.
The Loeb and Cisarik partnership also developed Castle Hills Self Storage and acquired majority ownership of 3009 Self Storage in August of 2010. Castle Hills is a state of the art 90,000-square-foot, three story self-storage facility in San Antonio, Texas.
3009 Self Storage is located in Schertz, Texas and offers over 400 units, 32 office suites and the latest in security and client amenities.
Mr. Cisarik has been active in self-storage since 1997 and is currently the day-to-day operations manager of Castle Hills, Austin Highway Self Storage and 3009 Self Storage.
Contacts:
M. COLBY MUECK
HFF Director
(713) 852-3500
AARON A. SWERDLIN
HFF Senior Managing Director
(713) 852-3500
KRISTEN M. MURPHY
HFF Associate Director, Marketing
(713) 852-3500
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