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:
- Property Type: Self Storage
- Transaction Amount: $14,945,000
- Lender: Comerica
- Landlord: Mitchell Feldman, Jordan Feldman & Ryan Briggs - The Feldman Companies
- Loan Type: Construction
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
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