Mitchell Feldman And Jordan Feldman Of The Feldman Companies Acquire Land From New Life Chapel For $19.2M
$19,200,000
Building Size
—
Asset Type
Land
Closing
Feb 2, 2026
About this deal
AI
The transaction involved the sale of 1.03 acres of vacant land located at Southwest 216th Street and Southwest 112th Avenue in the Miami market. The sale price was $19,200,000, associated with a planned self-storage development by The Feldman Companies. The buyer, TFC Southland Development, acquired the land from New Life Chapel, with separate residential parcel acquisition excluded from this summary.
Summary of transaction details:
- Property Type: Land
- Transaction Amount: $19,200,000
- Buyer: Mitchell Feldman & Jordan Feldman - The Feldman Companies
- Seller: New Life Chapel
- Lender: New Wave Loans Residential
- Acres: 1.03
Mitchell Feldman, representing TFC Southland Development, played a key role in the acquisition of this land, as part of a larger strategy to develop self-storage facilities in the Goulds area of south Miami-Dade. New Life Chapel was the selling entity in this transaction.
Players
Market 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
0.83%
Cash-on-Cash
-0.24%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93