Self-storage builder secures $75M loan for project that includes SWFL

YourStorageUnits Capital Partners has obtained a four-year $75 million loan to build six self-storage facilities, including one in Fort Myers. JLL Capital Markets led the financing efforts, according to a statement. 

The six buildings, the release states, will be purpose-built, Class A self-storage properties. There will be a total of 4,082 units. 

In addition to the Fort Myers project, the other properties are in Vero Beach, Sebring, Ocoee, Cocoa and Fort Pierce. “All of the assets are strategically positioned along major thoroughfares and in densely populated regions,” the release states, “and benefit from close proximity to multiple retailers and surrounding neighborhoods in each respective location.”

The YourStorageUnits facilities, the release adds, will offer an array of modern features, including climate-controlled units, interior drive-thru unloading zones, covered canopy boat/RV parking, drive-up storage and some retail/office space.

JLL’s Capital Markets Debt Advisory team representing the borrower was led by Senior Managing Director Sher Hafeez, Managing Director Griffin Guthneck and Director John Williamson.

YourStorageUnits Capital Partners develops and operates Class A self-storage assets, primarily across the Southeast. In the last 24 months YSU has successfully delivered 15 self-storage assets.