Restoration Hardware Acquires 850-acre Napa Land For $25M
SOLD
$25,000,000
California
See Similar DealsSold 09/15/2022
SOLD
Restoration Hardware Acquires 850-acre Napa Land For $25M
2000 Soda Springs Rd, Napa, CA 94558
See Similar DealsSold 09/15/2022
Summary
CALIFORNIA
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$1,333,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$88,819.73
Cash-on-Cash Return-1.27%
Monthly Debt Service$118,512.75
Annual Debt Service$1,422,153.05
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