Scottsdale storage searches usually mean a facility in north Scottsdale, along Shea, or in the Airpark employment area. Unit mix, street rates, and how long the doors have been renting matter more than the ZIP code. A climate-controlled infill facility and a newer drive-up property at the edge of the city do not share an operating history. Capital Market Funds originates life company, bank, CMBS, or bridge from the office at Suite 255. Fannie Mae is not a storage program.
The published Scottsdale industrial loan is three flex buildings in Scottsdale Airpark, $6,850,000, life company, permanent refinance, 2019. Those are warehouses with office finish, not storage units. The Block at Pima Center is retail. Arizona self-storage already says industrial cards are not facilities. This page is only a facility inside Scottsdale.
Scottsdale self-storage: Self-storage is not an apartment loan
The Loop 101 runs through Scottsdale, and Shea Boulevard is the east-west road sponsors use for north Scottsdale medical and office. Mayo Clinic has an Arizona campus on Shea in Scottsdale. That is tenancy context for a medical building. It is not a claim that the clinic is a borrower. Source: Mayo Clinic Arizona.
Occupancy and street rates
The facility's own rent roll matters. A nearby apartment cap rate does not price it.
Life company or bridge
Stabilized storage can be a life-company or bank hold. Lease-up after a new building delivers is bridge until the occupancy is real.
Occupancy history, not the Airpark label
Calling a property Airpark does not make it the flex refinance. If the collateral is storage, bring trailing occupancy and street rates. If it is flex industrial, it belongs on the Scottsdale city page with the industrial cards, not here.
A facility that opened recently, or a conversion that is still leasing up, is bridge until the trailing numbers support permanent debt. We will not quote a life-company coupon on a building that has not traded a full year.
What we will not call this loan
We are not a Fannie Mae DUS lender. Storage is not multifamily, so the agency denial is also an asset denial: we will not place a Scottsdale facility into Fannie Mae or Freddie Mac.
Phoenix storage, if that is the address, is a different city. We do not publish a facility count or a Scottsdale storage cap rate.
Capital for Scottsdale storage
| Source | When it fits |
|---|---|
| Life company | A Scottsdale facility with trailing occupancy an insurer will read. |
| Bank and credit union | A portfolio hold on a Scottsdale storage property. |
| CMBS | When proceeds or structure need the conduit. |
| Bridge | Lease-up or a conversion that is not stabilized. |