Buchanan Street Partners Acquires Self-Storage In Chino Hills For $24.5M
SOLD
$24,500,000
California
See Similar Deals95,500 SF
Sold 02/24/2022
SOLD
Buchanan Street Partners Acquires Self-Storage In Chino Hills For $24.5M
15443 Fairfield Ranch Road, Chino Hills, California 91709, United States
See Similar Deals95,500 SF
Sold 02/24/2022
Summary
CALIFORNIA
Price Per Square Foot:$256
Total Square Footage:95,500 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$1,306,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$87,043.32
Cash-on-Cash Return-1.27%
Monthly Debt Service$116,142.50
Annual Debt Service$1,393,709.99
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