Updated Oct 23, 2025
Doug Brooks Of Marcus & Millichap Capital Corp Secures $14M Refinance For Island Estate Group Self Storage In Cape Coral
1111 Southwest Pine Island Road
$14,000,000
$101/SF
Building Size
137,900 SF
Asset Type
Self Storage
Closing
Oct 23, 2025
About this deal
AI
A refinance transaction was executed for a self-storage facility located at 1111 Southwest Pine Island Road in Cape Coral, Florida. The facility comprises 1,016 units and has a total square footage of 137,900. The loan amount involved in the transaction was $14,000,000.
Summary of transaction details:
- Property Type: Self Storage
- Transaction Amount: $14,000,000
- Loan Type: Refinance
- Loan Terms: 25-year amortization, 18 months of interest-only payments
- Landlord: Island Estate Group
- Broker: Doug Brooks - Marcus & Millichap Capital Corp
- Loan-to-Value (LTV): 60%
- Loan Duration: Five years
Doug Brooks represented Island Estate Group in securing the five-year loan from a local bank. The transaction was facilitated by Marcus & Millichap Capital Corp, emphasizing their capability in arranging financing for significant commercial assets.
On the Map
$14,000,000
$101/SF
Self Storage
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Cape Coral Self Storage Market Snapshot
Boundary boundary · Self Storage · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.13%
Cash-on-Cash
-0.32%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93