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14301 Northwest 27th Avenue

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

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

Jeff Dybas

Cushman & Wakefield

Broker

$58.9M

vol

3 deals

Broker
Cushman & Wakefield
Cushman & WakefieldBrokerage
Andover Properties
Andover PropertiesLender

Alex Hernandez

Landlord

$81.7M

vol

4 deals

Landlord

Opa Locka Self Storage Market Snapshot

Boundary boundary · Self Storage · Loan transactions

Loading comparables…

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