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| 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.
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| 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.
Contact:
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 | www.hfflp.com
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