Updated Oct 9, 2026
Alan Hooper And Tim Petrillo Secure $20 Million Construction Loan For Self Storage In Fort Lauderdale
201 Southwest 14th Street
$20,000,000
$144/SF
Building Size
138,470 SF
Asset Type
Self Storage
Closing
Sep 25, 2026
About this deal
AI
The property involved in this transaction is a self-storage facility located at 201 Southwest 14th Street in Fort Lauderdale. The asset encompasses a total square footage of 138,470 and is part of the self-storage market. The construction loan associated with this property amounts to $20,000,000.
Summary of transaction details:
- Property Type: Self Storage
- Transaction Amount: $20,000,000
- Loan Type: Construction
- Lender: Pinnacle Financial Partners + Synovus
- Borrower: Alan Hooper & Tim Petrillo - Urban Street Development
- Brokers: Michael DiCosimo, Max Lescano & Luke Maganas - JLL
- Date: 09/25/2026
The individuals involved in this transaction include Alan Hooper and Tim Petrillo, who are representing Urban Street Development as borrowers. The brokerage team facilitating this deal consists of Michael DiCosimo, Max Lescano, and Luke Maganas from JLL, working to secure the construction financing for this asset.
On the Map
$20,000,000
$144/SF
Self Storage
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Players
Fort Lauderdale 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
0.79%
Cash-on-Cash
-0.23%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93