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1501 Dixie Highway

Scott Maslin's Woodglen Investments Secures $23M Loan For Kirksey Commons In West Palm Beach
FINANCEDDevelopment Site

Scott Maslin's Woodglen Investments Secures $23M Loan For Kirksey Commons In West Palm Beach

1501 Dixie Highway

$23,000,000

Building Size

Asset Type

Development Site

Closing

Aug 25, 2025

AI

The property asset involved in the transaction is a development site located at 1501 North Dixie Highway in West Palm Beach. The site is designated for the construction of a self-storage project known as Kirksey Commons, which will comprise 788 units. The loan provided for this development is $23,000,000, which is categorized as a construction loan.

Summary of transaction details:

This deal involves multiple key individuals and companies playing significant roles in the transaction. Trisha Connolly Horowitz from Catal Group serves as the lender facilitating the construction financing. Scott Maslin represents the landlord Woodglen Investments, while the financing arrangement was coordinated by brokers Dylan Kane and Zach Redding from Colliers.

Players

Dylan Kane

Colliers

Broker

$2.9B

vol

58 deals

Broker
Catal Group
Catal GroupLender
Scott Maslin

Scott Maslin

Woodglen Investments

Landlord

$43.1M

vol

4 deals

Landlord

West Palm Beach Development Site Market Snapshot

Boundary boundary · Development Site · Loan transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.69%

Cash-on-Cash

-0.20%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93