MMCC Arranges Financing for Riverside County Self-Storage Property

Marcus & Millichap Capital Corporation (MMCC) arranged $7,380,000 in financing for Beaumont RV and Self Storage, a 49,958-square-foot self-storage property located at 251 W. 1st St. in Beaumont.

Chad O’Connor, executive managing director in MMCC’s San Diego office, secured the 10-year financing with a national federal credit union on behalf of a private client. The loan carries a 5.75% interest rate and a 30-year amortization period.

“Demand for self-storage remains supported by the sector’s durable operating fundamentals and the need for flexible space serving both household and recreational uses,” said O’Connor. “We were pleased to secure long-term financing with competitive terms that align with our client’s investment objectives.”

Beaumont RV and Self Storage offers traditional self-storage units as well as dedicated RV and boat storage. The property is located near Interstate 10 and provides convenient access for customers throughout Beaumont and the surrounding Riverside County area.

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MMCC's O'Connor

About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 16-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 7-10 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).

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