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| Tracy Self-Storage, Tracy, CA |
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| 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.
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| 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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