Knickpoint Ventures has recently acquired a 1-acre site in Miami for the development of their latest project, 36th Street Storage. This state-of-the-art self-storage facility will consist of 1,160 units and cover an impressive 98,488 rentable square feet.
The company purchased the land for $4.6 million in early 2022 and completed all necessary planning and entitlements by mid-2023. The site was previously used as a car lot before being acquired by Knickpoint.
To secure financing for this project, Knickpoint enlisted the help of Aztec Group who successfully arranged $18.3 million from Bank Hapoalim. This funding opportunity is set to further propel the success of this storage venture.
Once complete, customers can expect top-notch amenities such as climate control throughout the entire facility along with on-site management services and advanced security measures including keypad entry systems and round-the-clock surveillance. Additionally, gated loading areas will provide added convenience for tenants’ moving needs.
With over fifteen successful self-storage properties already under their belt in New York City and Miami combined with investments in apartments, retail spaces,and offices,Knickpoint Ventures continues to expand its presence within these markets while maintaining high standards across all projects.The recent securingof$18M financingfortheirMiami-basedself-storagedevelopmentisjustoneexampleoftheirmasteryinthisfieldandshowcasestheircommitmenttoexcellenceinallendeavors.
