Updated Dec 21, 2023
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
About this deal
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
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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