The property asset involved in this transaction is a development site located at 14301 Northwest 27th Avenue in Opa Locka. The site encompasses approximately 2.22 acres and is designated for a self-storage facility managed by CubeSmart, totaling 149,889 square feet. The construction loan secured for the project amounts to $17.6 million.

Summary of transaction details:

• Property Type: Development Site
• Transaction Amount: $17,600,000
• Asset Size: 149,889 SF
• Address: 14301 Northwest 27th Avenue
• Market: Opa Locka
• Lender: Brian Cohen - Andover Properties
• Landlord: Alex Hernandez - Hernandez Development
• Broker: Jeff Dybas - Cushman & Wakefield
• Loan Type: Construction

The deal features Brian Cohen representing Andover Properties as the lender, while Alex Hernandez represents Hernandez Development as the landlord. Jeff Dybas of Cushman & Wakefield acts as the broker for the transaction. This project is anticipated to be completed by June 2026, as a response to rising storage demand in the region.