Mann Capital Advisors Secures $15 Million Construction Loan For Self Storage In Orlando
1851 W Landstreet Rd Orlando, FL 32809, USA
$15,000,000
$115/SF
Building Size
130,000 SF
Asset Type
Self Storage
Closing
Jul 14, 2023
AI
A self-storage property located at 1851 W Landstreet Rd in Orlando, FL has been involved in a recent loan transaction. The property has a size of approximately 130,000 square feet.
Summary of transaction details
- Property Type: Self Storage
- Transaction Amount: $15,000,000
- Address: 1851 W Landstreet Rd, Orlando, FL
- Market: Orlando, FL
The landlord of the property is Michael Simcha and the broker representing this deal is Abe Mann from Mann Capital Advisors. The loan, amounting to $15,000,000, is a construction loan with the following terms: 3 years fixed, interest-only, and a 10-year term.
If you have any financing needs related to this property or other transactions, you can contact Abe Mann at 917-574-3810 or via email at [email protected]. For self-storage development opportunities in Central Florida, reach out to Mike Simcha at 646-591-6114.
Miami 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
1.06%
Cash-on-Cash
-0.30%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93