Boston-based Fantini & Gorga arranged $6.385 million in acquisition financing for two self-storage properties in Falmouth and Fairhaven, Mass., on behalf of Storage Opportunities Partners LLC (StorageOp).
The Falmouth property consists of five buildings on 4.88 acres, with 79,495 square feet of rentable area and 749 units. It was originally developed in 1997 and expanded in 2001.
The six-building Fairhaven property contains 41,583 rentable square feet in 337 units. The facility sits on 4 acres and includes 24 outdoor storage spaces as well as a separate leasing office building.
StorageOp owns 13 facilities throughout Massachusetts, Michigan and Rhode Island.
Source: Banker & Tradesman, F&G Arranges Acquisition Financing For Self Storage Facilities