{"id":1004374346,"date":"2019-12-09T06:36:58","date_gmt":"2019-12-09T14:36:58","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004374346"},"modified":"2025-02-28T00:22:49","modified_gmt":"2025-02-28T08:22:49","slug":"virginia-storage-facility-receives-12m-financing","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/virginia-storage-facility-receives-12m-financing\/","title":{"rendered":"Virginia Storage Facility Receives $12M Financing"},"content":{"rendered":"<div id=\"attachment_1004374349\" style=\"width: 310px\" class=\"wp-caption alignright\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/12\/Extra-Space-Storage-McLean.jpg\" target=\"_blank\" rel=\"noopener\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-1004374349\" data-attachment-id=\"1004374349\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/virginia-storage-facility-receives-12m-financing\/extra-space-storage-mclean\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/12\/Extra-Space-Storage-McLean.jpg\" data-orig-size=\"800,620\" data-comments-opened=\"0\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;1&quot;}\" data-image-title=\"Extra Space Storage McLean\" data-image-description=\"\" data-image-caption=\"&lt;p&gt;Extra Space Storage . Image courtesy of Talonvest Capital &lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/12\/Extra-Space-Storage-McLean.jpg?w=800\" class=\"wp-image-1004374349 size-medium\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/12\/Extra-Space-Storage-McLean.jpg\" alt=\"\" width=\"300\" height=\"233\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/12\/Extra-Space-Storage-McLean.jpg 800w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/12\/Extra-Space-Storage-McLean.jpg?resize=300,233 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/12\/Extra-Space-Storage-McLean.jpg?resize=768,595 768w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a><p id=\"caption-attachment-1004374349\" class=\"wp-caption-text\">Extra Space Storage. <em>Image courtesy of Talonvest Capital<\/em><\/p><\/div>\n<p>Compson Development has received $12 million in refinancing for a 54,305-net-rentable-square-foot Extra Space Storage facility in McLean, Va. Talonvest Capital Inc. arranged the non-recourse, 10-year, fixed-rate, interest-only CMBS loan on behalf of the borrower.<\/p>\n<p>The Class A asset occupies less than 1 acre at 1315 Beverly Road, near the intersection of freeways 123 and 309, around 10 miles from downtown Washington, D.C. The property is within a densely populated area; approximately 74,900 people live within a 3-mile radius, with less than 3 net rentable square feet storage space available per capita, according to Yardi Matrix.&nbsp;<\/p>\n<p>Completed in 2012, the four-story facility encompasses 599 climate-controlled units ranging from 25 to 350 square feet. The facility is gated and features security cameras, alarmed units, drive-up access, covered loading bay and parking spaces.<\/p>\n<p>Talonvest\u2019s team included Kim Bishop, Eric Snyder, Jim Davies, David DiRienzo, and Lauren Maehler. In September, the company arranged <a href=\"https:\/\/www.commercialsearch.com\/news\/metro-self-storage-refinances-22-properties-in-3-states-for-123m\/\">$123 million in refinancing<\/a> on behalf of Metro Self Storage for 22 properties across three states.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Working on behalf of Compson Development, Talonvest Capital arranged the loan to refinance a 599-unit storage property. <\/p>\n","protected":false},"author":871,"featured_media":1004374349,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21825,11,21742,10,1615],"tags":[35826,48101,33855,35738,33581],"class_list":["post-1004374346","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-finance","category-midatlantic","category-latest","category-northeast","category-washington-dc","tag-cmbs","tag-compson-development","tag-eric-snyder","tag-extra-space-storage","tag-talonvest-capital-inc"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.4 (Yoast SEO v24.6) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Virginia Storage Facility Receives $12M Financing - 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\/virginia-storage-facility-receives-12m-financing\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Virginia Storage Facility Receives $12M Financing\" \/>\n<meta property=\"og:description\" content=\"Working on behalf of Compson Development, Talonvest Capital arranged the loan to refinance a 599-unit storage property.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/virginia-storage-facility-receives-12m-financing\/\" \/>\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=\"2019-12-09T14:36:58+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2025-02-28T08:22:49+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/12\/Extra-Space-Storage-McLean.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"800\" \/>\n\t<meta property=\"og:image:height\" content=\"620\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Evelyn Jozsa\" \/>\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\":\"WebPage\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/virginia-storage-facility-receives-12m-financing\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/virginia-storage-facility-receives-12m-financing\/\",\"name\":\"Virginia Storage Facility Receives $12M Financing - Commercial Property Executive\",\"isPartOf\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/virginia-storage-facility-receives-12m-financing\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/virginia-storage-facility-receives-12m-financing\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/12\/Extra-Space-Storage-McLean.jpg\",\"datePublished\":\"2019-12-09T14:36:58+00:00\",\"dateModified\":\"2025-02-28T08:22:49+00:00\",\"author\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/7a1fad8f1e02fa4d8f81f7e9ad21736a\"},\"breadcrumb\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/virginia-storage-facility-receives-12m-financing\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.commercialsearch.com\/news\/virginia-storage-facility-receives-12m-financing\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/virginia-storage-facility-receives-12m-financing\/#primaryimage\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/12\/Extra-Space-Storage-McLean.jpg\",\"contentUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/12\/Extra-Space-Storage-McLean.jpg\",\"width\":800,\"height\":620,\"caption\":\"Extra Space Storage . 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