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California  + Los Angeles  + Industrial  | 

Magellan is Underway with a Self-Storage Facility in Azusa

Magellan Value Partners purchased the 106,582 net rentable square-foot class-A facility in Azusa, CA in 2019 and completed a rigorous entitlement process to obtain permitting for storage use. The three-story plus basement facility will include climate and non-climate-controlled options in the 1,150 units.

Talonvest Capital Inc. recently represented Magellan Value Partners in structuring a $14.4 million self-storage construction loan for the development of the facility. The construction loan featured a five-year fixed interest rate, four years of interest-only payments, limited recourse and a five-year extension option.

Eric Snyder, Kim Bishop, David DiRienzo, Lauren Maehler and Jim Davies were the Talonvest team members responsible for this assignment.

This development is positioned on a major arterial road near the heavily trafficked I-210, a major east-west Los Angeles freeway, and has access via a signalized intersection and high visibility.


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Magellan Value Partners

About Lisa Brown

Lisa Brown has decades of experience in corporate communications and marketing management with organizations including Coldwell Banker Residential, Grubb & Ellis, Marcus & Millichap, NAIOP, SIOR and ALM. In those positions, she worked in conjunction with chief executive officers and chief marketing officers to create corporate messaging, cohesive branding standards, strategic marketing plans and thought pieces. Brown is a frequent speaker at industry events and an editing adjunct professor for an online course. She has a master’s degree in mass communications from San Jose State University.