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UTEX Storage Partners Receives $23.4M in Construction Financing for Self-Storage Project in Chula Vista, California
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UTEX Storage Partners Receives $23.4M in Construction Financing for Self-Storage Project in Chula Vista, California
CHULA VISTA, CALIF. — UTEX Storage Partners has obtained $23.4 million in nonrecourse construction financing for Chula Vista Storage, a to-be-built self-storage facility in Chula Vista. Brian Somoza led the JLL team in arranging the four-year, floating-rate loan through a life insurance company. Upon delivery in 2016, Chula Vista Storage will offer 123,582 square feet of storage space within two three-story buildings. The facility will feature a…
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