SOLDLand
Public Storage Acquires Land In Miami Lakes From John Coscuella For $5.1 Million
14180 Northwest 77th Court
$5,100,000
$63/SF
Building Size
80,150 SF
Asset Type
Land
Closing
Aug 7, 2026
AI
The asset involved in this transaction is a development site located at 14180 Northwest 77th Court in Miami Lakes. The sale price was $5,100,000, encompassing a total square footage of approximately 80,150, translating to a price per square foot of $63.
Summary of transaction details:
- Property Type: Land
- Transaction Amount: $5,100,000
- Buyer: Public Storage
- Seller: John Coscuella
- Brokers: Adam H. Klein & Elon Gerberg -Vision Real Estate Advisors
- Market: Miami Lakes
- Sale Date: 08/07/2026
Adam H. Klein and Elon Gerberg from Vision Real Estate Advisors facilitated this transaction, successfully navigating a competitive bidding environment. The site is noted to be one of the last remaining parcels available for development in the submarket, which reflects the high demand for such properties. The buyer plans to develop a flagship 180,000 SF self-storage facility at this location.
Players
Hialeah Gardens Land Market Snapshot
Boundary boundary · Land · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
3.11%
Cash-on-Cash
-0.89%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93