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1501 Dixie Highway

 Of Secures $23 Million Construction Loan For Self Storage And Retail In West Palm Beach
FINANCEDStudent Housing

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

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.

Players

Dylan Kane

Colliers

Broker

$3.5B

vol

60 deals

Broker
Colliers
ColliersBrokerage
Woodglen Investments
Woodglen InvestmentsSeller

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