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
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.
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