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
from The Real Deal Miami https://therealdeal.com/miami/2017/11/25/cubesmart-self-storage-location-coming-to-little-havana/
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