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201 Southwest 14th Street

Updated Oct 9, 2026

Alan Hooper And Tim Petrillo Secure $20 Million Construction Loan For Self Storage In Fort Lauderdale
FINANCEDSelf Storage

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:

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.

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$20,000,000

$144/SF

Self Storage

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Players

Michael DiCosimo

JLL

Broker

$2B

vol

42 deals

Broker

Tim Petrillo

Urban Street Development

Buyer

$79M

vol

4 deals

Buyer
Synovus Bank
Synovus BankLender
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Fort Lauderdale Self Storage Market Snapshot

Boundary boundary · Self Storage · Loan transactions

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Deal FAQ

About $144 per square foot on a published $20M for 138,470 square feet (2026).

Visit Michael DiCosimo to view all their deals.

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

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