Springfield Storage

Location: Springfield, OH
Type: Self Storage
Price: $2,350,000

SMC provided a $2,350,000 loan to facilitate the acquisition of Springfield Storage, a 509-unit / 69,275 SF self-storage property located in Springfield, OH, approximately 45 miles west of Columbus, OH. The loan has a 10-year term with 36 months’ of interest-only payments followed by 30-year amortization. The Property, which was built in multiple phases between 2002 and 2007, consists of 13 one-story buildings on a 6.38-acre site.