Stockton Self Storage Portfolio

Location: Galt, Lockeford, Lodi, Rio Vista, and Stockton, CA
Type: Self Storage
Price: $39,000,000

SMC provided a $39,000,000, ten-year fixed rate loan on a self-storage/industrial portfolio located throughout Sacramento, CA. The collateral consists of five (5) self-storage facilities and one (1) industrial building totaling 2,262 units and 464,535 SF built between 1980 and 2002. At closing, the Portfolio had an overall occupancy of 98.0%