JLL Capital Markets has successfully secured a $17.5 million construction loan for the development of a state-of-the-art, Class A self-storage facility in Scottsdale. The borrower, Clear Sky Capital, enlisted the expertise of JLL’s Kevin Mackie and Jason Carlos to secure financing through Enterprise Bank and Trust.
Located at 16136 N. Pima Road, this project is unique as there are currently no other self-storage developments within a five-mile radius. Anticipated for completion in Q3 of 2025, the four-story facility will feature 1,051 climate-controlled storage units and 15 luxury collector car/recreational vehicle spaces with top-of-the-line security measures including an exterior surveillance system.
According to Carlos: “Securing financing for self-storage construction has become increasingly challenging in today’s real estate market landscape. Success relies on strong partnerships between capable developers armed with industry knowledge and connections and experienced lending partners who possess comprehensive market understanding.” This rare Scottsdale project serves as another example of Connect CRE’s commitment to providing valuable insights into commercial real estate news without explicitly mentioning specific companies or organizations involved.
