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Alex Hernandez Secures $17.6M Construction Loan For Self Storage In Opa Locka With Lender Brian Cohen

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FINANCED
$17,600,000

Florida

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Self Storage149,889 SF
Financed 07/08/2025
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Property Image
FINANCED

Alex Hernandez Secures $17.6M Construction Loan For Self Storage In Opa Locka With Lender Brian Cohen

14301 Northwest 27th Avenue

See Similar Deals
Self Storage149,889 SF
Financed 07/08/2025
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Summary

FLORIDA
Asset Type:Self Storage
Price Per Square Foot:$117
Total Square Footage:149,889 SF
Transaction Type:Loan

The property asset involved is a self storage facility located at 14301 Northwest 27th Avenue in Opa Locka. The asset encompasses a total square footage of 149,889 and is associated with a construction loan amounting to $17,600,000.

Summary of transation details:

  • Property Type: Self Storage
  • Transaction Amount: $17,600,000
  • Lender: Brian Cohen - Andover Properties
  • Landlord: Alex Hernandez
  • Broker: Jeff Dybas - Cushman & Wakefield
  • Loan Type: Construction
  • Date of Transaction: 07/08/2025

The key individuals involved in the transaction include Alex Hernandez, serving as the landlord, and Jeff Dybas, representing Cushman & Wakefield as the broker for the deal. Brian Cohen represents Andover Properties in the financing aspect of the transaction.

Players

Jeff Dybas
3 deals$58.9M volume
BROKER

Cushman & Wakefield
BROKERAGE



Details

FINANCED
IMAGE: Alex Hernandez & Jeff Dybas DATE: 07/08/2025 ADDRESS: 14301 Northwest 27th Avenue MARKET: Opa Locka ASSET TYPE: Self Storage ~ SF: 149,889 LENDER: Brian Cohen - Andover Properties LANDLORD: Alex Hernandez BROKER: Jeff Dybas - Cushman & Wakefield (@CushWake) LOAN AMOUNT: $17,600,000 LOAN TYPE: Construction

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Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$17,600,000.00

Monthly NOI$117,333.33
Monthly Debt Service$111,243.97
Change in Cash Flow$0.00
Refinance Proceeds$0.00