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
โ
Closing
Feb 23, 2022
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.
Players
Chino Hills CRE Market Snapshot
Boundary boundary ยท CRE ยท 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