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17501 Southwest 99th Road

The Feldman Companies Secures $14.95M Construction Loan For Self Storage In Miami
FINANCEDSelf Storage

The Feldman Companies Secures $14.95M Construction Loan For Self Storage In Miami

17501 Southwest 99th Road

$14,945,000

$116/SF

Building Size

128,466 SF

Asset Type

Self Storage

Closing

Aug 19, 2025

AI

The property asset involved in this transaction is a self-storage facility located at 17501 Southwest 99th Road in the Miami market. The asset spans 128,466 square feet and is part of a loan agreement facilitated by Comerica.

Summary of transaction details:

This transaction features key individuals including Mitchell Feldman, Jordan Feldman, and Ryan Briggs, who represent The Feldman Companies in the deal. Their roles ensure effective management and oversight of the construction loan for the self-storage facility.

Players

Comerica Bank
Comerica BankLender

Mitchell Feldman

The Feldman Companies

Landlord

$322.1M

vol

19 deals

Landlord

Palmetto Bay 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

1.06%

Cash-on-Cash

-0.30%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93