Rare Scottsdale Self-Storage Project Obtains Financing

JLL Capital Markets arranged the $17.5 million construction financing for a to-be-built, Class A, self-storage facility located in Scottsdale. A JLL team of Kevin Mackie and Jason Carlos worked on behalf of the borrower, Clear Sky Capital, to secure a loan through Enterprise Bank and Trust.

To be situated at 16136 N. Pima Road, there are zero self-storage projects in the development pipeline within a five-mile radius. 

With an anticipated completion of Q3 of 2025, the four-story, facility will include 1,051 climate-controlled self-storage units and 15 luxury collector car/recreational vehicle storage spaces. It will also offer a state-of-the-art security system, including an exterior surveillance system. 

“Financing self-storage construction has become increasingly challenging as a real estate alternative in recent years. In today’s ever-changing landscape, success hinges on the partnership between a capable developer armed with the right tools and connections and an experienced lending partner who possesses comprehensive market knowledge and understanding,” said Carlos.