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15443 Fairfield Ranch Road,...

Buchanan Street Partners Acquires Self-Storage In Chino Hills For $24.5M
SOLD

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

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

Buchanan Street Partners
Buchanan Street PartnersBrokerage

Timothy Ballard

Buchanan Street Partners

Buyer

$129.5M

vol

8 deals

Buyer

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