Updated Oct 28, 2024
Sherine Asal Acquires Development Site In Rolling Hills Estates For $5M
5 Phillips Ranch Road, Rolling Hills Estates, California 90274, United States
$5,000,000
$217/SF
Building Size
23,000 SF
Asset Type
Development Site
Closing
Nov 9, 2021
About this deal
AI
A development site located at 5 Phillips Ranch Rd. in Rolling Hills Estates has been sold for a price of $5,000,000. The buyer of the property is Sherine Asal, while the seller is KB Homes - Eli Broad. The deal was facilitated by Mohamed Hassam from Viceroy Realty, who acted as the broker in the transaction. The property spans 23,000 square feet and has a price per square foot of $217.
Summary of transaction details:
- Property Type: Development Site
- Transaction Amount: $5,000,000
- Address: 5 Phillips Ranch Rd., Rolling Hills Estates
- Buyer: Sherine Asal
- Seller: KB Homes - Eli Broad
- Broker: Mohamed Hassam - Viceroy Realty
- Market: Rolling Hills Estates
- Building Square Footage: 23,000
- Price per Square Foot: $217
Mohamed Hassam, representing Viceroy Realty, played a key role in the successful completion of the deal. For more information about Mohamed Hassam and Viceroy Realty, you can visit their Facebook page at https://www.facebook.com/mohamedhassanBroker/.
Players
Palos Verdes Estates Development Site Market Snapshot
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
3.17%
Cash-on-Cash
-0.91%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93