Mitchell Feldman, Jordan Feldman, Ryan Briggs & Matthew Beggs Secure $12.27M Construction Loan For Self Storage In Trenton
1530 Kuser Road
$12,270,000
$100/SF
Building Size
122,400 SF
Asset Type
Self Storage
Closing
Aug 19, 2025
AI
The property asset involved in the transaction is located at 1530 Kuser Road in Trenton, featuring a self-storage facility with a total square footage of 122,400. The loan amount provided for this construction project is $12,270,000. The lender for this transaction is New Wave Loans.
Summary of transation details:
- Property Type: Self Storage
- Transaction Amount: $12,270,000
- Location: 1530 Kuser Road
- Market: Trenton
- Asset Size: 122,400 SF
- Lender: New Wave Loans
- Landlord: Mitchell Feldman, Jordan Feldman, Ryan Briggs, & Matthew Beggs - The Feldman Companies
The key individuals involved in this transaction are Mitchell Feldman, Jordan Feldman, Ryan Briggs, and Matthew Beggs, who are all representatives of The Feldman Companies, acting as the landlords in this deal. Their collaboration supports the advancement of the self-storage facility project outlined in the loan agreement.
Players
Trenton 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
1.29%
Cash-on-Cash
-0.37%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93