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860 Southwest 143rd Avenue

Ryan Briggs, Mitchell Feldman & Jordan Feldman Of The Feldman Companies Secure $14.5M Refinance Loan In Miami
FINANCEDSelf Storage

Ryan Briggs, Mitchell Feldman & Jordan Feldman Of The Feldman Companies Secure $14.5M Refinance Loan In Miami

860 Southwest 143rd Avenue

$14,500,000

$145/SF

Building Size

99,602 SF

Asset Type

Self Storage

Closing

Dec 14, 2025

AI

The property asset involved in this transaction is a self-storage facility located at 860 Southwest 143rd Avenue in Miami. The asset encompasses a total square footage of 99,602 and is part of the self-storage market segment. This transaction was executed with a loan amount of $14,500,000 as a refinancing operation.

Summary of transaction details:

  • Property Type: Self Storage
  • Transaction Amount: $14,500,000
  • Address: 860 Southwest 143rd Avenue
  • Market: Miami
  • Lender: Intercredit Bank
  • Landlord: Ryan Briggs, Mitchell Feldman & Jordan Feldman - The Feldman Companies
  • Landlord's Representative: Peter Mekras - Aztec Group
  • Loan Type: Refinance

The deal involved key individuals including Ryan Briggs, Mitchell Feldman, and Jordan Feldman, representing The Feldman Companies as landlords. Peter Mekras, from Aztec Group, represented the landlords in this transaction, facilitating the refinance loan provided by Intercredit Bank.

Players

Peter Mekras

Aztec Group

Broker

$1B

vol

18 deals

Broker
Aztec Group
Aztec GroupBrokerage
Intercredit Bank
Intercredit BankLender
Mitchell Feldman

Mitchell Feldman

The Feldman Companies

Landlord

$322.1M

vol

19 deals

Landlord

Miami 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

1.09%

Cash-on-Cash

-0.31%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93