Factoria Security Self Storage

Location: Bellvue, WA
Type: Self Storage
Price: $7,500,000

SMC provided a $7,500,000, ten-year fixed rate loan on a 98,000 nrsf, three (3) story self-storage building located in Bellevue, WA. The Subject is comprised of 1,103 climate controlled units and 29 open boat/RV parking spaces. The storage units are all heated and elevator served with a modern security system. The Property was constructed in 1977 and reconfigured in the 1990s. The subject has averaged 93.9% occupancy since 2016.