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
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Asset Type
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Closing
Sep 26, 2022
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.
Players
Rancho Palos Verdes 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
0.20%
Cash-on-Cash
-0.06%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93