City Storage Systems borrows $6M from Goldman Sachs to acquire storage property in Tremont

Travis Kalanick’s City Storage Systems through the entity 2368 Hoffman Street Brx LLC as borrower signed a loan agreement with lender Goldman Sachs Bank Usa valued at $5.9 million for 1 parcel, including the tax class heavy manufacturing, fireproof building (F1) at 2368 Hoffman Street in Tremont. The deal closed on April 30, 2020 and was recorded on May 5, 2020.
The property contains a total of 11,900 square feet of built space. The property has 14,461 square feet of available development rights.
The average loan per buildable square foot is $410.
Former Uber CEO Travis Kalanick’s City Storage Systems The last time the property sold was November 15, 2018, for $1,827,643.

Direct link to Acris document. link
Direct link to the city’s interactive property map, ZOLA. link

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