Self-Storage of America

Location: Indianapolis, IN
Type: Self Storage
Price: $ 4,850,000

SMC’s $4,850,000 first mortgage loan refinanced the existing bank debt on an 88% occupied, 1,107 unit, 144,566 sf self storage property located in Indianapolis, IN. The property was originally constructed as a big box retail center in 1993 and was converted by the Sponsor to a self-storage facility in 2004. The subject is located approximately 5 miles east of Indianapolis Downtown CBD and has good access to State Highway 100 and Interstate 465.