Restoration Hardware Acquires 850-acre Napa Land For $25M
2000 Soda Springs Rd, Napa, CA 94558
$25,000,000
Building Size
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Asset Type
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Closing
Sep 14, 2022
AI
Restoration Hardware, led by CEO Gary Friedman, has purchased a sprawling piece of land in Napa for $25 million. The 850-acre property, located at 2000 Soda Springs Road, offers plenty of space for the luxury home furnishings company to expand and develop.
Summary of transaction details
- Property Type: Land
- Transaction Amount: $25,000,000
- Address: 2000 Soda Springs Road
- Market: Napa
- Acres: 850
The sellers of the property were Richard & David Ehrenberger. With this acquisition, Restoration Hardware adds to its real estate portfolio, demonstrating their commitment to growth and investment in the Napa region.
Napa CRE Market Snapshot
Boundary boundary · CRE · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.63%
Cash-on-Cash
-0.18%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93