FINANCEDSelf Storage
Michael Horowitz, Jordan Horowitz & David Horowitz Of Cooper Horowitz Secures $14.07M Construction Loan For Self Storage In Mount Laurel
$14,065,000
Building Size
—
Asset Type
Self Storage
Closing
Aug 20, 2025
AI
The asset involved in this transaction is a Self Storage facility located in Mount Laurel. The loan amount for this property is $14,065,000, categorized under construction loan type.
Summary of transaction details:
- Property Type: Self Storage
- Transaction Amount: $14,065,000
- Loan Type: Construction
- Date: 8/21/2025
- Brokers: Michael Horowitz, Jordan Horowitz & David Horowitz - Cooper Horowitz
The transaction was facilitated by brokers Michael Horowitz, Jordan Horowitz, and David Horowitz, who represent the involved parties through Cooper Horowitz in the Mount Laurel market.
Players
Mount Laurel 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
1.13%
Cash-on-Cash
-0.32%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93