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3018 New Jersey Highway 38

Michael Horowitz, Jordan Horowitz & David Horowitz Of Cooper Horowitz Secures $14.07M Construction Loan For Self Storage In Mount Laurel
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:

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

Michael Horowitz

Cooper Horowitz

Broker

$1.1B

vol

25 deals

Broker
Cooper Horowitz
Cooper HorowitzBrokerage

Mount Laurel Self Storage Market Snapshot

Boundary boundary · Self Storage · Loan transactions

Loading comparables…

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