Updated Oct 28, 2024
UCLA Acquires 35.5 Acres Of Land & Residential Property In Rancho Palos Verdes For $80M
30800 Palos Verdes Drive East, Palos Verdes Estates, California 90275, United States
$80,000,000
Building Size
—
Asset Type
—
Closing
Sep 26, 2022
About this deal
AI
The property involved in the transaction is located at 30800 Palos Verdes Dr E in Rancho Palos Verdes. It is a land and residential asset spread across 35.5 acres. The transaction took place on September 27, 2022.
Summary of transaction details
- Property Type: Land & Residential
- Transaction Amount: $80,000,000
- Address: 30800 Palos Verdes Dr E
- Market: Rancho Palos Verdes
- Acres: 35.5
The buyer in the transaction was UCLA, represented by their Chancellor, Gene Block. The seller was Marymount California University, represented by Brian Marcotte.
On the Map
$80,000,000
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Players
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.20%
Cash-on-Cash
-0.06%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93