Live Oak Bank Provides $9.35M Construction Loan For Self Storage At 2436 Geraci Ranch Road
Geraci Road
$9,350,000
$115/SF
Building Size
80,850 SF
Asset Type
Self Storage
Closing
Oct 1, 2025
AI
The property asset involved in this context is a self-storage facility located at 2436 Geraci Ranch Road, Lutz, FL 33558, encompassing a total square footage of 85,278. The loan amount associated with this asset is $9,350,000, designated for construction purposes, within the Lutz, FL market.
Summary of transaction details:
- Property Type: Self Storage
- Transaction Amount: $9,350,000
- Loan Type: Construction
- Lender: Live Oak Bank
- Landlord: Alex Meshechok & Travis Winston - York RE Capital
- Brokers: Tom Sherlock, Britt Taylor & Ivan Viramontes - Talonvest Capital
The key individuals involved in this transaction include Alex Meshechok and Travis Winston, representing the landlord, and the brokerage team of Tom Sherlock, Britt Taylor, and Ivan Viramontes, who facilitated the deal through Talonvest Capital.
Players
Lutz Self Storage Market Snapshot
Boundary boundary · Self Storage · Loan transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.70%
Cash-on-Cash
-0.48%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93