Tuesday, September 3, 2013

HFF secures $5.635 million financing for two-property self storage portfolio in northern California


Tracy Self-Storage, Tracy, CA

Rossi Self-Storage, Salinas, CA
LOS ANGELES, CA – HFF announced today that it has secured $5.635 million in financing for a 1,046-unit, two-property self storage portfolio totaling 104,075 square feet in northern California.

               HFF worked on behalf of Crist Property Company to arrange the 10-year, interest-only loan through Bank of America.  The loan was used to refinance maturing debt and will be serviced by HFF.


Christopher Vittetoe

The portfolio consists of Rossi Self Storage, a 408-unit property built in 2001and located in Salinas, California, and Tracy Self Storage, a 638-unit property built in 1999 located in Tracy, California.

               The HFF team representing the borrower was led by director Christopher Vittetoe and associate director John Simerlein.

John Simerlein
 Crist Property Company owns and manages six properties located in Monterey, Stanislaus, San Luis Obispo and San Joaquin County through StorageWorks/Biz Works.
  
 For a complete copy of the company’s news release, please contact:

Kristen M. Murphy
Associate Director
HFF | One Post Office Square, Suite 3500 | Boston, MA 02109
Main: 617-338-0990 | Direct: 617-848-1572 | Cell: 617-543-4873 | www.hfflp.com

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