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Integral Communities Acquires Development Site In Santa Clarita For $18.35M

Property Image
SOLD
$18,350,000
Yaron Gedalia
Lee Aarons
+ 1

California

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Development Site500,000 SF
Sold 12/31/2020
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Property Image
SOLD

Integral Communities Acquires Development Site In Santa Clarita For $18.35M

28167 Bouquet Canyon Rd, Santa Clarita, CA, USA

See Similar Deals
Development Site500,000 SF
Sold 12/31/2020
Yaron Gedalia
Lee Aarons
+ 1
Contact now

Summary

CALIFORNIA
Asset Type:Development Site
Price Per Square Foot:$36
Total Square Footage:500,000 SF
Transaction Type:Sale

Located in Santa Clarita, the development site at 28167 Bouquet Canyon Rd was recently sold by Susie Gedalia to Integral Communities. The transaction, which took place on December 31, 2020, was facilitated by the buyer's representative, Lee Aarons from Land Advisors, and the seller's representatives, Roy Harel, Arin Gharibian, and Yaron Gedalia from Keller Williams Hollywood Hills. The property was sold for a total price of $18,350,000.

Summary of transaction details

  • Property Type: Development Site
  • Transaction Amount: $18,350,000
  • Address: 28167 Bouquet Canyon Rd, Santa Clarita
  • Market: Santa Clarita
  • Buyer: Integral Communities
  • Seller: Susie Gedalia
  • Buyer's Representative: Lee Aarons - Land Advisors
  • Seller's Representatives: Roy Harel, Arin Gharibian, and Yaron Gedalia - Keller Williams Hollywood Hills

With a total buildable square footage of 500,000, the development site is expected to accommodate 375 units. This transaction marks an important milestone for the parties involved and signifies the continuing growth and investment in the Santa Clarita market.

Players

Roy Harel
19 deals$431.1M volume
BROKER

Yaron Gedalia
Keller Williams Realty
2 deals$21.1M volume
BROKER

Lee Aarons
Land Advisors Organization
2 deals$67.4M volume
BROKER

Arin Gharibian
Keller Williams Realty
4 deals$27.4M volume
BROKER

BUYER

Details

SOLD
IMAGE: Roy Harel, Arin Gharibian, Yaron Gedalia & Lee Aarons DATE: 12/31/2020 ADDRESS: 28167 Bouquet Canyon Rd MARKET: Santa Clarita ASSET TYPE: Development Site BUYER: Integral Communities SELLER: Susie Gedalia BUYER’S REP: Lee Aarons - Land Advisors SELLER’S REP: Roy Harel, Arin Gharibian & Yaron Gedalia - Keller Williams Hollywood Hills PRICE: $18,350,000 BSF: 500,000 (UNITS: 375)

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

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Cash Flow (Annual)-$65,193.67
Cash-on-Cash Return-1.27%
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