Locktight Portfolio
$6,000,000
Wallingford and Waterbury, CT - Fantini & Gorga announced that it recently assisted a regional bank in arranging $6.0 million in acquisition financing for two self storage facilities in Connecticut, on behalf of Tarco Properties. The subject properties are located in Wallingford and Waterbury, in central Connecticut. Both communities are part of the New Haven SMSA. The Wallingford facility, which was built in 2002 and 2004, contains 54,075 rentable square feet and 490 units in two buildings. There are also several outdoor parking spaces. The Waterbury property, developed on 4.97 acres, has 54,875 square feet and 546 rental units, also in two buildings. Both facilities have both climate controlled, and regular, units. Tarco plans to convert the facilities from the Lock Tight brand to its flag, Value Store-It.