The property asset involved in this transaction is a development site located at 14301 Northwest 27th Avenue in Opa Locka. The site encompasses approximately 2.22 acres and is designated for a self-storage facility managed by CubeSmart, totaling 149,889 square feet. The construction loan secured for the project amounts to $17.6 million.
Summary of transaction details:
- Property Type: Development Site
- Transaction Amount: $17,600,000
- Asset Size: 149,889 SF
- Address: 14301 Northwest 27th Avenue
- Market: Opa Locka
- Lender: Brian Cohen – Andover Properties
- Landlord: Alex Hernandez – Hernandez Development
- Broker: Jeff Dybas – Cushman & Wakefield
- Loan Type: Construction
The deal features Brian Cohen representing Andover Properties as the lender, while Alex Hernandez represents Hernandez Development as the landlord. Jeff Dybas of Cushman & Wakefield acts as the broker for the transaction. This project is anticipated to be completed by June 2026, as a response to rising storage demand in the region.
This financing milestone was covered by Traded, highlighting the $17.6 million construction loan secured by Hernandez Development for its latest self-storage project in Opa-Locka.
traded.co/deals/florida/development-site/loan/14301-northwest-27th-avenue