JLL Secures $75M Loan For Six Facility Portfolio In Florida

JLL Capital Markets, a full-service global provider of capital solutions for real estate investors and occupiers, announced today that it has arranged a $75 million construction loan for the development of six, purpose-built, Class A self-storage properties totaling 4,082 units in markets primarily serving the Orlando and Tampa, Florida MSAs.

JLL worked with the developer/borrower, Your Storage Units Capital Partners, to secure the four-year construction loan. The six Florida properties are located in:

• Vero Beach
• Sebring
• Ocoee
• Cocoa
• Ft. Myers
• Ft. Pierce

According to a press release, 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.

The Your Storage Units facilities is expected to offer an array of modern features, including climate-controlled units, interior drive through unloading zones, covered canopy boat/RV parking, drive-up storage and some retail/office space.

JLL’s Capital Markets Debt Advisory team representing the borrower was led by Senior Managing Director Sher Hafeez, Managing Director Griffin Guthneck and Director John Williamson.