{"id":1004138737,"date":"2016-03-08T09:45:34","date_gmt":"2016-03-08T17:45:34","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004138737"},"modified":"2020-05-18T12:05:16","modified_gmt":"2020-05-18T20:05:16","slug":"walker-dunlop-refinances-self-storage-property-in-broward-county","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/walker-dunlop-refinances-self-storage-property-in-broward-county\/","title":{"rendered":"Walker & Dunlop Refinances Self-Storage Property in Broward County"},"content":{"rendered":"

By Adriana Pop, Associate Editor <\/em><\/p>\n

Pompano Beach, Fla<\/strong>.\u2013Walker & Dunlop<\/a> has closed on a $3.5 million refinancing loan for Fort Knox Self Storage<\/a>, a single-story, 833-unit, Class B, self-storage facility in Pompano Beach, Fla.<\/p>\n

\"Fort<\/a>

Fort Knox Self Storage, Pompano Beach, Fla.<\/p><\/div>\n

The loan was structured as a five-year term followed by a 30-year amortization schedule. The property is strategically located in Broward County, just north of McNabb Road, with easy access to the Florida Turnpike and Interstate 95.<\/p>\n

Built in 1975, Fort Knox Self Storage offers a net rentable area of 65,893 square feet and includes state of the art security, onsite U-Haul truck rental, electronic gate access with entry code, and moving and packing supplies. The borrower has owned the facility since 2002, and most recently in 2012 went through a management change, which has since brought the property to a current occupancy of 87 percent.<\/p>\n

Over the past three years, Walker & Dunlop has financed more than $100 million in self-storage transactions, enabling borrowers to customize their deals with creative financing solutions.<\/p>\n

\u201cCurrent industry trends show that self-storage has proven to be a stable and desirable asset class. Self-storage properties have seen an increase in demand and occupancy as the housing market and economy have recovered. Challenges within this property space include basic structures, location and the ability to vacate at any time,\u201d stated Paul Ahmed<\/a>, senior vice president, who led the Walker & Dunlop team. \u201cWhile the typical investor is a small business owner, they are using this as entry point into commercial real estate, and the demand for this property class is steadily increasing.\u201d<\/p>\n

Image courtesy of Fort Knox Self Storage<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

Fort Knox Self Storage, an 833-unit self-storage facility in Pompano Beach has been refinanced through a $3.5 million loan arranged by Walker & Dunlop. <\/p>\n","protected":false},"author":260,"featured_media":1004138739,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21743,1492,21742],"tags":[],"class_list":["post-1004138737","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-deals","category-miami","category-latest"],"acf":[],"yoast_head":"\nWalker & Dunlop Refinances Self-Storage Property in Broward County - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/walker-dunlop-refinances-self-storage-property-in-broward-county\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Walker & Dunlop Refinances Self-Storage Property in Broward County\" \/>\n<meta property=\"og:description\" content=\"Fort Knox Self Storage, an 833-unit self-storage facility in Pompano Beach has been refinanced through a $3.5 million loan arranged by Walker & Dunlop.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/walker-dunlop-refinances-self-storage-property-in-broward-county\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2016-03-08T17:45:34+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2020-05-18T20:05:16+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/03\/Fort-Knox-Self-Storage-Pompano-Beach-Fla..jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1050\" \/>\n\t<meta property=\"og:image:height\" content=\"476\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Adriana Pop\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/walker-dunlop-refinances-self-storage-property-in-broward-county\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/walker-dunlop-refinances-self-storage-property-in-broward-county\\\/\"},\"author\":{\"name\":\"Adriana Pop\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#\\\/schema\\\/person\\\/c6fbe4a6cd09e6097b39e787ae96d7ad\"},\"headline\":\"Walker & Dunlop Refinances Self-Storage Property in Broward County\",\"datePublished\":\"2016-03-08T17:45:34+00:00\",\"dateModified\":\"2020-05-18T20:05:16+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/walker-dunlop-refinances-self-storage-property-in-broward-county\\\/\"},\"wordCount\":283,\"commentCount\":0,\"image\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/walker-dunlop-refinances-self-storage-property-in-broward-county\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2016\\\/03\\\/Fort-Knox-Self-Storage-Pompano-Beach-Fla..jpg\",\"articleSection\":[\"Deals\",\"Miami\",\"News\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/walker-dunlop-refinances-self-storage-property-in-broward-county\\\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/walker-dunlop-refinances-self-storage-property-in-broward-county\\\/\",\"url\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/walker-dunlop-refinances-self-storage-property-in-broward-county\\\/\",\"name\":\"Walker & Dunlop Refinances Self-Storage Property in Broward County - 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