Updated May 11, 2026
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
About this deal
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.
On the Map
$22,000,000
$134/SF
Self Storage
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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
0.72%
Cash-on-Cash
-0.21%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93