Jordan Feldman, Mitchell Feldman & Ryan Briggs Of Feldman Storage Capital Provide $11.74M Loan For Self Storage In Haines City
4100 Johnson Avenue East
$11,742,000
$129/SF
Building Size
90,432 SF
Asset Type
Self Storage
Closing
Apr 30, 2025
AI
The property asset involved in this transaction is a self-storage facility located at 4100 Johnson Avenue East in Haines City. The asset has a total square footage of 90,432 and secured a construction loan in the amount of $11,742,000.
Summary of transaction details:
- Property Type: Self Storage
- Transaction Amount: $11,742,000
- Lender: Jordan Feldman, Mitchell Feldman & Ryan Briggs - Feldman Storage Capital
- Landlord: Erik Johnson & George Hristodoulou - RSG Development; Blackfin Partners; Seth Swisher & Nathan Landers - Blackfin Partners
- Loan Type: Construction
- Date: 5/1/2025
This transaction involves key individuals representing various companies. The lenders are from Feldman Storage Capital, whereas the landlords include Erik Johnson and George Hristodoulou from RSG Development, alongside Seth Swisher and Nathan Landers from Blackfin Partners, indicating collaboration across multiple firms in this construction financing deal.
Players
Haines City 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
1.35%
Cash-on-Cash
-0.39%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93