Updated Oct 28, 2024
Arata Family And Greg & Amanda Jones Sell 1,924 Acres Of Land In San Mateo & San Gregorio For $17.8M
3781 La Honda Road, San Gregorio, California 94074, United States
$17,800,000
Building Size
—
Asset Type
—
Closing
Feb 13, 2022
About this deal
AI
The property involved in the transaction is a land located at 3225 Pomponio Creek Road & 3781 La Honda Road in the San Mateo & San Gregorio market. The land spans approximately 1,924 acres. The sale price for this land was $17,800,000. The sellers of the property were the Arata Family and Greg & Amanda Jones.
Summary of transaction details
- Property Type: Land
- Transaction Amount: $17,800,000
- Address: 3225 Pomponio Creek Road & 3781 La Honda Road
- Market: San Mateo & San Gregorio
- Acres: 1,924
- Sellers: Arata Family; Greg & Amanda Jones
The deal involved the sellers, the Arata Family and Greg & Amanda Jones. They successfully sold the land for a price of $17,800,000. The transaction took place in the San Mateo & San Gregorio market. These key individuals played a crucial role in the completion of the deal.
Players
La Honda CRE Market Snapshot
Boundary boundary · CRE · Sale transactions
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Deal FAQ
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.89%
Cash-on-Cash
-0.25%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93