Florida self-storage portfolio gets $75 million construction loan
By Henry Queen
Tampa Bay Business Journal
Published: Jul 25, 2024

JLL Capital Markets has arranged a $75 million construction loan for Your Storage Units for the buildout of six self-storage projects across Central Florida.

The six facilities are located in Vero Beach, Sebring, Ocoee, Cocoa, Fort Myers and Fort Pierce. The Ocoee location opened in January, and the other locations are in the works.

"All of the assets are strategically positioned along major thoroughfares and in densely populated regions, and benefit from close proximity to multiple retailers and surrounding neighborhoods in each respective location," JLL said in a release.

The six properties will have 4,082 climate-controlled storage units. These units will have interior drive-thru unloading zones, covered canopy boat/RV parking, drive-up storage, and some retail/office space.

JLL Senior Managing Director Sher Hafeez, Managing Director Griffin Guthneck and Director John Williamson represented Your Storage Units.

The loan will mature in four years.