Updated Oct 13, 2026
Andover Properties Acquires Property In Newhall For $28 Million With Broker Luke Elliott And Greg Wells
24314 the Old Rd, Santa Clarita, CA 91321, USA
$28,000,000
$264/SF
Building Size
105,743 SF
Asset Type
Self Storage
Closing
Aug 29, 2021
About this deal
AI
The property asset involved in this transaction is located at 24314 the Old Rd, Santa Clarita, CA 91321, within the Newhall market. The property was sold for a transaction amount of $28,000,000.00 and encompasses a total square footage of 105,743 square feet.
Summary of transaction details:
- Property Type: Sale
- Transaction Amount: $28,000,000.00
- Address: 24314 the Old Rd, Santa Clarita, CA 91321, USA
- Market: Newhall
- Seller: World Class Property Co
- Buyer: Andover Properties
- Seller's Representatives: Luke Elliott-Cushman & Wakefield, Greg Wells - Cushman & Wakefield
This transaction involved the interaction of multiple parties, with World Class Property Co serving as the seller and Andover Properties as the buyer. The negotiation was facilitated by the seller's representatives, Luke Elliott-Cushman & Wakefield and Greg Wells from Cushman & Wakefield, who played key roles in bringing the deal to fruition.
On the Map
$28,000,000
$264/SF
Self Storage
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Players
Newhall Self Storage Market Snapshot
Boundary boundary · Self Storage · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.57%
Cash-on-Cash
-0.16%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93