Updated Mar 11, 2025
Alec Oriolo - JLJ Capital Provides $12.6M Construction Loan For Palm Bay Self Storage
$12,600,000
$110/SF
Building Size
114,059 SF
Asset Type
Self Storage
Closing
Jul 13, 2023
About this deal
AI
The self storage property located in Palm Bay, with a total square footage of 114,059, has recently undergone a transaction. The loan for this property has been provided by JLJ Capital, with Alec Oriolo representing the lender.
Summary of transaction details:
- Property Type: Self Storage
- Transaction Amount: $12,600,000
Alec Oriolo from JLJ Capital has provided a construction loan of $12,600,000 for the self storage property in Palm Bay. This loan will support the construction of the property and its development.
Players
Market 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
1.26%
Cash-on-Cash
-0.36%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93