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17350 Humphreys Pkwy

Harbor Group International & Azure Partners Acquire Multifamily Property In Santa Clarita For $173M With Square Mile Capital Management Loan
FINANCEDMultiFamily

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

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

Jamie Leachman

JLL

Broker

$1.2B

vol

14 deals

Broker
Square Mile Capital
Square Mile CapitalLender
Harbor Group International
Harbor Group InternationalLandlord

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