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Sw 216th St

Feldman Companies Secures $19.22M Construction Loan For Self Storage In Miami
FINANCEDSelf Storage

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

Mitchell Feldman

The Feldman Companies

Landlord

$322.1M

vol

19 deals

Landlord
TC
The Feldman CompaniesLandlord

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