Marcus & Millichap Capital Corporation has arranged long-term financing for Beaumont RV and Self Storage, a self-storage facility serving Beaumont and the wider Riverside County area. The property totals 49,958 square feet and is located at 251 W. 1st St., offering visibility and access for customers in the surrounding community.
The financing assignment was handled by Chad O’Connor, executive managing director in MMCC’s San Diego office. Working on behalf of a private client, O’Connor secured a $7,380,000 loan through a national federal credit union. The nonrecourse financing features a 10-year term, a 5.75% interest rate and a 30-year amortization schedule, providing the borrower with a predictable, long-duration capital structure.
O’Connor noted that self-storage fundamentals continue to support lender and investor interest in the sector. He pointed to the combination of household storage needs and recreational vehicle usage as drivers of ongoing demand for flexible storage space. Within that context, MMCC worked to match the private client with a lender and terms that align with the property’s operating profile and the sponsor’s investment objectives.
Beaumont RV and Self Storage includes conventional self-storage units alongside dedicated storage for recreational vehicles and boats. The facility’s location near Interstate 10 positions it to draw from customers across Beaumont as well as from other parts of Riverside County who require both everyday and seasonal storage solutions. Proximity to a major transportation corridor also enhances accessibility for RV and boat owners traveling through the region.
The transaction underscores the availability of fixed-rate, amortizing debt for stabilized self-storage assets, even as borrowers navigate a higher interest rate environment. By locking in a 10-year loan with a national credit union lender, the private owner has secured a financing package that supports long-term hold strategies and predictable cash flow management for the property.
