Updated Dec 4, 2024
Buchanan Street Partners Acquires Self-Storage In Chino Hills For $24.5M
15443 Fairfield Ranch Road, Chino Hills, California 91709, United States
$24,500,000
$256/SF
Building Size
95,500 SF
Asset Type
—
Closing
Feb 23, 2022
About this deal
AI
The self-storage facility located at 15443 Fairland Ranch Road in Chino Hills has been sold. The property consists of 920 units with a total square footage of 95,500. The sale price for the property was $24,500,000, resulting in a price per unit of $26,630 and a price per square foot of $256.
Summary of transaction details
- Property Type: Self-Storage
- Transaction Amount: $24,500,000
- Units: 920
- Price Per Unit: $26,630
- Square Footage: 95,500
- Price Per Square Foot: $256
- Address: 15443 Fairland Ranch Road, Chino Hills
Buchanan Street Partners, represented by Timothy Ballard, was the buyer in this transaction.
On the Map
$24,500,000
$256/SF
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Players
Chino Hills CRE Market Snapshot
Boundary boundary · CRE · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.65%
Cash-on-Cash
-0.19%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93