Updated Sep 9, 2024
Tony Danesh Acquires 20 Acre Development Site In Coachella, CA For $1.8M
45260 Harrison Street, Paramount, CA, USA
$1,800,000
$22/SF
Building Size
80,937 SF
Asset Type
Development Site
Closing
Sep 3, 2021
About this deal
AI
A development site located at 45260 Harrison Street in Coachella, CA was recently sold for a price of $1,800,000. The transaction took place on September 3, 2021. The site spans across 20 acres and is categorized as a development site.
Summary of transaction details
- Property Type: Development Site
- Transaction Amount: $1,800,000
- Date: September 3, 2021
- Address: 45260 Harrison Street
- Market: Coachella, CA
- Acres: 20
The buyer in this transaction was Tony Danesh, while the seller was Paul Ryan. The brokers involved in this deal were Elizabeth Clark and Laura Milshteyn.
On the Map
$1,800,000
$22/SF
Development Site
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Players
Paramount Development Site Market Snapshot
Boundary boundary · Development Site · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
8.81%
Cash-on-Cash
-2.52%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93