Harbor Group International & Azure Partners Acquire Multifamily Property In Santa Clarita For $173M With Square Mile Capital Management Loan
17350 Humphreys Pkwy
$173,000,000
Building Size
—
Asset Type
MultiFamily
Closing
Jan 18, 2022
AI
The multifamily property located at 17350 Humphreys Parkway in Santa Clarita has been involved in a closed transaction. The property, situated in the Santa Clarita market, was acquired through an acquisition loan.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $173,000,000
- Address: 17350 Humphreys Parkway
- Market: Santa Clarita
- Lender: Square Mile Capital Management
- Landlord: Harbor Group International & Azure Partners
- Brokers: Jamie Leachman, Brandon Smith & Annie Rice - JLL
- Loan Type: Acquisition Loan
Jamie Leachman, Brandon Smith, and Annie Rice from JLL represented the parties involved in the transaction. They acted as brokers for the landlord, Harbor Group International and Azure Partners, with the lender being Square Mile Capital Management.
Players
Canyon Country MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Loan transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.09%
Cash-on-Cash
-0.03%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93