Updated Oct 28, 2024
Merit Hill Capital LP Acquires Self Storage Facility In Upland, CA For $38.7M
1675 West 11th Street, Los Angeles, California 90006, United States
$38,700,000
$151/SF
Building Size
256,000 SF
Asset Type
—
Closing
Nov 2, 2022
About this deal
AI
The self storage property located at 1675 W. 11th St in Upland, CA has been sold. The transaction took place on 11/03/2022.
Summary of transaction details:
- Property Type: Self Storage
- Transaction Amount: $38,700,000
- Square Footage: 256,000
- Price Per Square Foot: $151
- Address: 1675 W. 11th St, Upland, CA
- Market: Upland, CA
The buyer, Merit Hill Capital LP, acquired the property from the seller, Cameron Properties. The deal was facilitated by Brandon Robinson of Calvary Realty acting as the broker for both parties involved.
Players
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.41%
Cash-on-Cash
-0.12%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93