The Feldman Companies Secures $25,909,000 Refinance Loan From New Wave Loans For Self Storage In Miramar
3310 South University Drive
$25,909,000
$205/SF
Building Size
125,816 SF
Asset Type
Self Storage
Closing
Apr 26, 2026
AI
The property asset involved is a self-storage facility located at 3310 South University Drive in the Miramar market. The facility spans 125,816 square feet and has a loan amount of $25,909,000, which is categorized as a refinance loan.
Summary of transaction details:
- Property Type: Self Storage
- Transaction Amount: $25,909,000
- Lender: New Wave Loans
- Landlord: Jordan Feldman, Mitchell Feldman & Ryan Briggs - The Feldman Companies
The key individuals involved in this transaction are Jordan Feldman, Mitchell Feldman, and Ryan Briggs, representing The Feldman Companies, which serves as the landlord for the property. New Wave Loans is the lender providing the refinancing for this asset.
Players
Miramar 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
0.61%
Cash-on-Cash
-0.17%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93