Feldman Companies Secures $16.2M Bridge Loan For Self Storage Facility In Maple Shade
3030 New Jersey Highway 73
$16,200,000
$128/SF
Building Size
126,300 SF
Asset Type
Self Storage
Closing
Oct 9, 2025
AI
The asset involved in this transaction is a self-storage facility located at 3030 New Jersey Highway 73 in Maple Shade, covering a total square footage of 126,300. The loan amount secured for this property is $16,200,000, categorized as a bridge loan.
Summary of transation details:
- Property Type: Self Storage
- Transaction Amount: $16,200,000
- Lender: Andover Properties
- Landlord: Mitchell Feldman, Ryan Briggs & Jordan Feldman - The Feldman Companies
- Landlord's Representative: Matthew Wheeler & Michael Pagniucci - JLL
- Date of Transaction: 10/10/2025
The transaction highlights the roles of notable individuals in the deal, with the landlord represented by Matthew Wheeler and Michael Pagniucci from JLL. The involvement of The Feldman Companies as the landlord showcases their participation in managing the self-storage facility within the Maple Shade market.
Players
Maple Shade 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
0.98%
Cash-on-Cash
-0.28%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93