Tony Danesh Acquires 20 Acre Development Site In Coachella, CA For $1.8M
SOLD
$1,800,000
California
See Similar DealsDevelopment Site80,937 SF
Sold 09/03/2021
SOLD
Tony Danesh Acquires 20 Acre Development Site In Coachella, CA For $1.8M
45260 Harrison Street, Paramount, CA, USA
See Similar DealsDevelopment Site80,937 SF
Sold 09/03/2021
Summary
CALIFORNIA
Asset Type:Development Site
Price Per Square Foot:$22
Total Square Footage:80,937 SF
Transaction Type:Sale
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.
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Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$96,000.00
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$6,395.02
Cash-on-Cash Return-1.27%
Monthly Debt Service$8,532.92
Annual Debt Service$102,395.02
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