Angelo Gordon & Andover Properties Acquire Industrial Property In Santa Clarita For $28M
24314 The Old Road, Santa Clarita, CA, USA
$28,000,000
$264/SF
Building Size
105,743 SF
Asset Type
Industrial
Closing
Apr 28, 2021
AI
The industrial property located at 24314 The Old Road in Santa Clarita was recently sold. The property spans a total of 105,743 square feet and is situated in the Santa Clarita market. The transaction took place on 04/29/2021.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $28,000,000
- Price per Square Foot: $264
The buyers involved in this transaction were Josh Baumgarten representing Angelo Gordon and Nate Paul representing Andover Properties. On the seller's side was World Class Property Company. The deal was facilitated by brokers Greg Wells, Mike Mele, and Luke Elliott from Cushman & Wakefield.
Players
Santa Clarita Industrial Market Snapshot
Boundary boundary · Industrial · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.57%
Cash-on-Cash
-0.16%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93