{"id":1004494531,"date":"2020-11-20T03:38:55","date_gmt":"2020-11-20T11:38:55","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004494531"},"modified":"2025-02-26T06:18:11","modified_gmt":"2025-02-26T14:18:11","slug":"nitneil-partners-acquires-denver-storage-property","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/nitneil-partners-acquires-denver-storage-property\/","title":{"rendered":"NitNeil Partners Acquires Denver Storage Property"},"content":{"rendered":"<div id=\"attachment_1004494540\" style=\"width: 310px\" class=\"wp-caption alignright\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/11\/850-Baseline-Road.jpg\" target=\"_blank\" rel=\"noopener\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-1004494540\" data-attachment-id=\"1004494540\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/nitneil-partners-acquires-denver-storage-property\/850-baseline-road\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/11\/850-Baseline-Road.jpg\" data-orig-size=\"1000,800\" 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;0&quot;}\" data-image-title=\"850 Baseline Road\" data-image-description=\"\" data-image-caption=\"&lt;p&gt;850 Baseline Road&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/11\/850-Baseline-Road.jpg?w=1000\" class=\"wp-image-1004494540 size-medium\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/11\/850-Baseline-Road.jpg\" alt=\"\" width=\"300\" height=\"240\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/11\/850-Baseline-Road.jpg 1000w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/11\/850-Baseline-Road.jpg?resize=300,240 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/11\/850-Baseline-Road.jpg?resize=768,614 768w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a><p id=\"caption-attachment-1004494540\" class=\"wp-caption-text\">850 Baseline Road<\/p><\/div>\n<p>NitNeil Partners has finalized the $4.6 million purchase of its first self storage facility in the larger Denver metro area. Alpine Bank provided the company with a $3.3 million financing package for the acquisition of County Line Security Storage, a 64,850-net-rentable-square-foot property in Brighton, Colo. A private investor sold the asset, according to Yardi Matrix data.<\/p>\n<p>Located on 4 acres at 850 Baseline Road, the facility encompasses 13 single-story buildings completed in two phases between 1998 and 2001. The buyer rebranded the store as CubeSmart Self Storage of Brighton. The property provides 450 drive-up access units ranging between 50 and 300 square feet. The facility has an on-site manager, security cameras and moving supplies for sale.<\/p>\n<p>CubeSmart will oversee property management for the asset. Situated a short distance from State Route 85, the site is 22 miles northeast of downtown Denver. There are at least four other self storage facilities totaling some 230,000 net rentable square feet within a 3-mile radius, the same data provider shows.<\/p>\n<p>Earlier this month, NitNeil Partners <a href=\"https:\/\/www.commercialsearch.com\/news\/alliant-credit-union-provides-30m-in-loans-for-storage-portfolios\/\">received a $6.2 million mortgage<\/a> for an 87,543-square-foot self storage property in Mount Pleasant, S.C. Alliant Credit Union originated the seven-year note.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The company financed its first acquisition in the metro with a $3.3 million loan from Alpine Bank.<\/p>\n","protected":false},"author":867,"featured_media":1004494540,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21743,1587,21825,21783,21742,15],"tags":[35721],"class_list":["post-1004494531","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-deals","category-denver","category-finance","category-investment","category-latest","category-west","tag-cubesmart"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.0 (Yoast SEO v28.0) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>NitNeil Partners Acquires Denver Storage Property - 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\/nitneil-partners-acquires-denver-storage-property\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"NitNeil Partners Acquires Denver Storage Property\" \/>\n<meta property=\"og:description\" content=\"The company financed its first acquisition in the metro with a $3.3 million loan from Alpine Bank.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/nitneil-partners-acquires-denver-storage-property\/\" \/>\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=\"2020-11-20T11:38:55+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2025-02-26T14:18:11+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/11\/850-Baseline-Road.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1000\" \/>\n\t<meta property=\"og:image:height\" content=\"800\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Pavel Cazacu\" \/>\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\\\/nitneil-partners-acquires-denver-storage-property\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/nitneil-partners-acquires-denver-storage-property\\\/\"},\"author\":{\"name\":\"Pavel Cazacu\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#\\\/schema\\\/person\\\/caac04e9f88552f7c898ba456c2498d8\"},\"headline\":\"NitNeil Partners Acquires Denver Storage Property\",\"datePublished\":\"2020-11-20T11:38:55+00:00\",\"dateModified\":\"2025-02-26T14:18:11+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/nitneil-partners-acquires-denver-storage-property\\\/\"},\"wordCount\":195,\"image\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/nitneil-partners-acquires-denver-storage-property\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2020\\\/11\\\/850-Baseline-Road.jpg\",\"keywords\":[\"CubeSmart\"],\"articleSection\":[\"Deals\",\"Denver\",\"Finance\",\"Investment\",\"News\",\"West\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/nitneil-partners-acquires-denver-storage-property\\\/\",\"url\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/nitneil-partners-acquires-denver-storage-property\\\/\",\"name\":\"NitNeil Partners Acquires Denver Storage Property - 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