UCLA Acquires 35.5 Acres Of Land & Residential Property In Rancho Palos Verdes For $80M
SOLD
$80,000,000
California
See Similar DealsSold 09/27/2022
SOLD
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
See Similar DealsSold 09/27/2022
Summary
CALIFORNIA
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$4,266,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$284,223.09
Cash-on-Cash Return-1.27%
Monthly Debt Service$379,240.81
Annual Debt Service$4,550,889.77
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