Marcus & Millichap Capital Corporation arranged $7.9 million in financing for a 928-unit, 122,620-square-foot self-storage property at 1861 Dixie Highway in Hamilton, Ohio.
Doug Brooks, managing director in MMCC’s Columbus office, secured the financing with a national bank on behalf of a private client.
Terms of the 5-year, non-recourse loan include a 6.63% interest rate with a 30-year amortization period and a 65% loan-to-value.
The property is tenanted by Secure EZ Storage and offers both self-storage units as well as RV storage units. It is located less than 30 miles from Cincinnatti via Interstate 75.
