Alex Hernandez Secures $17.6M Construction Loan For Self Storage In Opa Locka With Lender Brian Cohen
14301 Northwest 27th Avenue
$17,600,000
$117/SF
Building Size
149,889 SF
Asset Type
Self Storage
Closing
Jul 7, 2025
AI
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
Opa Locka 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
0.90%
Cash-on-Cash
-0.26%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93