Brian Fitterer Sells Manufactured Housing In Newhall For $15.75M
SOLD
$15,750,000
California
See Similar DealsOther615,316 SF
Sold 11/03/2021
SOLD
Brian Fitterer Sells Manufactured Housing In Newhall For $15.75M
23500 The Old Road, Newhall, CA 91321
See Similar DealsOther615,316 SF
Sold 11/03/2021
Summary
CALIFORNIA
Asset Type:Other
Price Per Square Foot:$25
Total Square Footage:615,316 SF
Transaction Type:Sale
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
Details
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Similar Deals
Contact
Get in touch with the broker you want
Similar Buyers
Unlock All Profiles
Upgrade to Traded Pro for full access to every deal, profile & market insight.Unlimited deal views
Access investor profiles & contacts
Exclusive comps & market data
Go Pro
Similar Brokers
Search Address Tool
Enter any address to instantly view nearby comps, investors, brokers, lenders, and a visual map.NEW!
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$840,000.00
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$55,956.42
Cash-on-Cash Return-1.27%
Monthly Debt Service$74,663.04
Annual Debt Service$895,956.42
Is there something missing? Send suggestions