Randall Van Wolfswinkel Acquires Development Site In Trousdale Estates From David Geffen For $33.8M
SOLD
California
See Similar DealsDevelopment Site47,132 SF
Sold 11/30/2020
SOLD
Randall Van Wolfswinkel Acquires Development Site In Trousdale Estates From David Geffen For $33.8M
1169 North Hillcrest Road, Trousdale Estates, Beverly Hills, CA, USA
See Similar DealsDevelopment Site47,132 SF
Sold 11/30/2020
Summary
CALIFORNIA
Asset Type:Development Site
Price Per Square Foot:$716
Total Square Footage:47,132 SF
Transaction Type:Sale
David Geffen sold a development site at 1169 Hillcrest Rd. in Trousdale Estates. The property was purchased by Randall Van Wolfswinkel for a price of $33,750,000.
Summary of transaction details
- Property Type: Development Site
- Transaction Amount: $33,750,000
- Seller: David Geffen
- Buyer: Randall Van Wolfswinkel
- Market: Trousdale Estates
David Geffen, the seller, successfully sold the development site to Randall Van Wolfswinkel.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$1,800,000.00
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$119,906.62
Cash-on-Cash Return-1.27%
Monthly Debt Service$159,992.22
Annual Debt Service$1,919,906.62
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