Clear Sky Capital Obtains Construction Financing in Scottsdale, AZ

Posted by Modern Storage Media on Mar 5, 2024, 8:30:00 AM

Clear Sky Capital has obtained $17.5 million in construction financing for a self-storage facility in Scottsdale, Ariz. The four-story, Class-A facility, which is slated for completion in the third quarter of 2025, will include 1,051 climate-controlled units and 15 luxury vehicle storage spaces. It will also feature a state-of-the-art security system with exterior surveillance.

 

Kevin Mackenzie and Jason Carlos of JLL Capital Markets’ debt advisory team secured the loan for the borrower through Enterprise Bank and Trust.