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17650 West Cleveland Avenue

Jordan Feldman, Mitchell Feldman & Ryan Briggs Of The Feldman Companies Secure $22M Refinance Loan For Self Storage In Miami
FINANCEDSelf Storage

Jordan Feldman, Mitchell Feldman & Ryan Briggs Of The Feldman Companies Secure $22M Refinance Loan For Self Storage In Miami

17650 West Cleveland Avenue

$22,000,000

$134/SF

Building Size

163,619 SF

Asset Type

Self Storage

Closing

Apr 30, 2026

AI

The asset involved is a self-storage facility located at 17650 West Cleveland Avenue in the Miami market. It encompasses a total square footage of 163,619 and has secured a refinance loan amount of $22,000,000.

Summary of transaction details:

  • Property Type: Self Storage
  • Transaction Amount: $22,000,000
  • Lender: Jon Gitman, Adrie Bailey & Ray Yen - BridgeInvest
  • Landlord: Jordan Feldman, Mitchell Feldman & Ryan Briggs - The Feldman Companies
  • Landlord's Representative: Peter Mekras - Aztec Group

The transaction involves key players in the industry, including the lender team from BridgeInvest and the Feldman Companies as landlords. Peter Mekras of Aztec Group represents the landlords in this deal, facilitating the refinancing process.

Players

Peter Mekras

Aztec Group

Broker

$1B

vol

18 deals

Broker
Adrie Bailey

Adrie Bailey

BridgeInvest

Lender

$338M

vol

7 deals

Lender
BridgeInvest
BridgeInvestLender
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

0.72%

Cash-on-Cash

-0.21%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93