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24314 The Old Road, Santa C...

Angelo Gordon & Andover Properties Acquire Industrial Property In Santa Clarita For $28M
SOLDIndustrial

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

Michael Mele

Cushman & Wakefield

Broker

$232.3M

vol

15 deals

Broker
WC
World Class Property CompanySeller

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