Updated Aug 27, 2025
Of Secures $23 Million Construction Loan For Self Storage And Retail In West Palm Beach
1501 Dixie Highway
$36,700,000
$204/SF
Building Size
179,755 SF
Asset Type
Student Housing
Closing
Mar 28, 2025
About this deal
AI
The property asset involved in this transaction is a combined self-storage and retail facility located at 1501 North Dixie Highway in West Palm Beach. The facility has a total square footage of 93,626 and is associated with a construction loan amounting to $23,000,000.
Summary of transaction details:
- Property Type: Self Storage & Retail
- Transaction Amount: $23,000,000
- Lender: Catal Capital
- Landlord:
- Broker Representatives: Dylan Kane & Zach Redding - Colliers
- Transaction Date: 08/25/2025
This transaction involves key individuals such as representing as the landlord. The brokerage services were provided by Dylan Kane and Zach Redding, who represented the deal through Colliers.
On the Map
$36,700,000
$204/SF
Student Housing
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Players
West Palm Beach Student Housing Market Snapshot
Boundary boundary · Student Housing · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.43%
Cash-on-Cash
-0.12%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93