CubeSmart self-storage location coming to Little Havana

An Atlanta-based firm paid $2.3 million for the development site and got a $20.17 million construction loan

TRD MIAMI /
Nov.November 25, 2017 01:00 PM

CubeSmart self-storage building at 19395 Southwest 106th Avenue in Miami

Atlanta-based Mequity Cos. acquired property in the Little Havana area of Miami for construction of a self-storage building.

An affiliate of Mequity bought the development site for $2.3 million from Kay-B LLC, managed by Mario Bramnick.

The South Florida Business Journal also reported that Mequity obtained a $20.17 million loan to finance construction of the eight-story self-storage building, which will have 1,152 units. The lender is Jernigan Capital Operating Co.

The 29,750-square-foot development site at 120 and 132 Northwest 27 Avenue is occupied by a 10,240-square-foot retail building that will be demolished.

CubeSmart will manage the 140,273-square-foot self-storage building that Mequity Cos. is developing in Little Havana.

According to its website, CubeSmart now has eight locations in the Miami area. [South Florida Business Journal] — Mike Seemuth


Related Articles

arrow_forward_ios
(Credit: iStock)

Miami board OKs self-storage freeze

Little Havana assemblage and Carlos Fausto Miranda

Presidente Supermarkets owner lists Little Havana assemblage for $22M

Daniel Weinstein, John Guitar and Phil Marchese

Movers & Shakers: MCSS hires self-storage exec as managing partner & more

2965 West Corporate Lakes Boulevard and Black Creek Group CEO Raj Dhanda (Credit: Google Maps, Blue Vault)

TIAA sells Weston warehouse for $33M

7600 West Mcnab Road and Todd Ruderman

Prolific self-storage operator is a buyer in North Lauderdale

900 Southwest Seventh Street and a Calle Ocho rooster (Credit: Google Maps, Phillip Pessar | Flickr)

Apartment building in Little Havana flips for $6M

LeBron James with a rendering of Unknwn Wynwood (Credit: Getty Images)

Renderings revealed: River Parc master plan, Unknwn’s Wynwood store

Daily Digest Miami

Soffer in talks to buy Diplomat resort in Hollywood, 1-800 PetMeds founder sells Miami Beach house: Daily digest

arrow_forward_ios
Loading...