Feldman Companies Secures $19.22M Construction Loan For Self Storage In Miami
Sw 216th St
$19,220,000
$142/SF
Building Size
135,000 SF
Asset Type
Self Storage
Closing
Jan 15, 2026
AI
The asset involved in this transaction is a self-storage facility located at 11250 Southwest 216th Street, Miami, covering a total area of 135,000 square feet. The loan amount for the construction of this property is $19,220,000, provided by New Wave Loans.
Summary of transation details:
- Property Type: Self Storage
- Transaction Amount: $19,220,000
- Loan Type: Construction
- Lender: New Wave Loans
- Landlord: Mitchell Feldman, Jordan Feldman, Ryan Briggs & Matthew Beggs - The Feldman Companies
Key individuals in this transaction include the landlords, Mitchell Feldman, Jordan Feldman, Ryan Briggs, and Matthew Beggs, who collectively represent The Feldman Companies in this deal. Their involvement highlights the collaborative effort of these individuals and their firm in managing the construction loan process for the self-storage facility.
Players
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
0.83%
Cash-on-Cash
-0.24%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93