{"id":8985,"date":"2025-05-09T12:36:26","date_gmt":"2025-05-09T12:36:26","guid":{"rendered":"https:\/\/listselfstorage.com\/us\/industry-insights\/?p=8985"},"modified":"2026-02-13T10:35:17","modified_gmt":"2026-02-13T10:35:17","slug":"north-palisade-partners-lands-55-million-for-self-storage-facility-in-los-angeles-ca","status":"publish","type":"post","link":"https:\/\/listselfstorage.com\/us\/industry-insights\/north-palisade-partners-lands-55-million-for-self-storage-facility-in-los-angeles-ca\/","title":{"rendered":"North Palisade Partners Lands $55 Million for Self-Storage Facility in Los Angeles, CA"},"content":{"rendered":"


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The storage facility on Randolph Street is one of the largest of its kind in Los Angeles. Image courtesy of North Palisade Partners<\/figcaption><\/figure><\/p>\n

North Palisade Partners has obtained $55 million for the refinancing of its 3,039-unit self storage facility at 1920 Randolph St. in Los Angeles.<\/span><\/span><\/span><\/p>\n

By issuing the five-year bridge loan, Goldman Sachs Alternatives originated one of the largest financing packages for a single-asset self-storage property in Southern California. CBRE arranged the transaction. <\/span><\/span><\/span><\/p>\n

Proceeds retire existing debt. In 2022, Buchanan Street Partners provided two separate construction loans for North Palisade\u2019s facility totaling $55.2 million, according to Yardi Matrix information.<\/span><\/span><\/span><\/p>\n

Completed in the first quarter of this year, the three-story, 214,000-net-rentable square-foot facility currently operates under the Extra Space Storage brand. One of the largest of its kind in the Los Angeles region, the property features climate-controlled units, elevators and indoor vehicle storage, among others.<\/span><\/span><\/span><\/p>\n

The gated facility is near interstates 110, 710, 10 and 5, as well as 5 miles south of downtown Los Angeles. There are 16 other self-storage facilities within a 3-mile radius, offering residents some 3.6 rentable square feet per capita, the same data provider shows. <\/span><\/span><\/span><\/p>\n

CBRE Vice Chairmen Tom Rugg and Tom Traynor, together with Director Mark Finan and Senior Associate Arman Samouk, arranged the loan.<\/span><\/span><\/span><\/p>\n

In the last 12 months, the number of self-storage properties delivered in Los Angeles accounted for 2.9 per cent of the existing stock, in line with the national figure as per reports. Advertised rents for medium, climate-controlled units rose 1.9 per cent year-over-year, significantly above the 0.4 per cent national average.<\/span><\/span><\/span><\/p>\n

Source<\/span><\/span><\/span><\/strong><\/span><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

North Palisade Partners has obtained $55 million for the refinancing of its 3,039-unit self storage facility at 1920 Randolph St. in Los Angeles. By issuing the five-year bridge loan, Goldman Sachs Alternatives originated one of the largest financing packages for a single-asset self-storage property in Southern California. CBRE arranged the transaction. Proceeds retire existing debt. In 2022, Buchanan Street Partners provided two separate construction loans for North Palisade\u2019s facility totaling $55.2 million, according to Yardi Matrix information. Completed in the first quarter of this year, the three-story, 214,000-net-rentable square-foot facility…<\/p>\n","protected":false},"author":13,"featured_media":8986,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[23,4],"tags":[],"gutentor_comment":0,"_links":{"self":[{"href":"https:\/\/listselfstorage.com\/us\/industry-insights\/wp-json\/wp\/v2\/posts\/8985"}],"collection":[{"href":"https:\/\/listselfstorage.com\/us\/industry-insights\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/listselfstorage.com\/us\/industry-insights\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/listselfstorage.com\/us\/industry-insights\/wp-json\/wp\/v2\/users\/13"}],"replies":[{"embeddable":true,"href":"https:\/\/listselfstorage.com\/us\/industry-insights\/wp-json\/wp\/v2\/comments?post=8985"}],"version-history":[{"count":1,"href":"https:\/\/listselfstorage.com\/us\/industry-insights\/wp-json\/wp\/v2\/posts\/8985\/revisions"}],"predecessor-version":[{"id":8987,"href":"https:\/\/listselfstorage.com\/us\/industry-insights\/wp-json\/wp\/v2\/posts\/8985\/revisions\/8987"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/listselfstorage.com\/us\/industry-insights\/wp-json\/wp\/v2\/media\/8986"}],"wp:attachment":[{"href":"https:\/\/listselfstorage.com\/us\/industry-insights\/wp-json\/wp\/v2\/media?parent=8985"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/listselfstorage.com\/us\/industry-insights\/wp-json\/wp\/v2\/categories?post=8985"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/listselfstorage.com\/us\/industry-insights\/wp-json\/wp\/v2\/tags?post=8985"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}