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7140 Northeast Miami Court

Updated Oct 13, 2026

Ryan Briggs, Mitchell Feldman, Jordan Feldman, And Rex Guzman Secure $21.5M Construction Loan For Self Storage In Miami
FINANCEDSelf Storage

Ryan Briggs, Mitchell Feldman, Jordan Feldman, And Rex Guzman Secure $21.5M Construction Loan For Self Storage In Miami

7140 Northeast Miami Court

$21,500,000

$156/SF

Building Size

137,305 SF

Asset Type

Self Storage

Closing

Jan 5, 2026

About this deal

AI

The asset involved in this transaction is a self-storage facility located at 7140 Northeast Miami Court, Miami, with a total square footage of 137,305. A construction loan amounting to $21,500,000 has been secured for this property.

Summary of transaction details:

Key individuals involved in this transaction include the landlords who are part of The Feldman Companies, and the representatives from Meridian Capital Group, Naphtali Marrus and Benjamin Nevid, who facilitated the loan arrangement for the landlords.

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$21,500,000

$156/SF

Self Storage

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Players

Benjamin Nevid

Meridian Capital Group

Broker

$2.5B

vol

26 deals

Broker
Meridian Capital Group
Meridian Capital GroupBrokerage

Catal Capital

Catal Capital

Lender

$21.5M

vol

1 deal

Lender
Catal Capital
Catal CapitalLender
Mitchell Feldman

Mitchell Feldman

The Feldman Companies

Landlord

$322.1M

vol

19 deals

Landlord
Bilt advertisement

Miami Self Storage Market Snapshot

Boundary boundary · Self Storage · Loan transactions

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Deal FAQ

About $156 per square foot on a published $21.5M for 137,305 square feet (2026).

Visit Naphtali Marrus to view all their deals.

Browse Florida self storage loans on Traded.

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.74%

Cash-on-Cash

-0.21%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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