Brian Fitterer Sells Manufactured Housing In Newhall For $15.75M
23500 The Old Road, Newhall, CA 91321
$15,750,000
$25/SF
Building Size
615,316 SF
Asset Type
Other
Closing
Nov 3, 2021
AI
The manufactured housing property located at 23500 The Old Rd in Newhall was recently sold for a total of $15,750,000. The transaction took place on 11/03/2021 and involved 84 units. The price per unit was $187,500, providing key insights into the value of the property.
Summary of transaction details
- Property Type: Manufactured Housing
- Transaction Amount: $15,750,000
- Address: 23500 The Old Rd, Newhall
- Market: Newhall
The seller of the property was Brian Fitterer. The deal was facilitated by brokers Sam Neumark and Jeff Benson from Marcus & Millichap. Their representation played a crucial role in the successful completion of the transaction.
Players
Valencia Other Market Snapshot
Boundary boundary · Other · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.01%
Cash-on-Cash
-0.29%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93