Travis VanderZanden Acquires Santa Monica Mansion For $8.1M
Santa Monica, CA, USA, Santa Monica, CA, USA, Santa Monica, CA, USA, Santa Monica, CA, USA, Santa Monica, CA, USA, Santa Monica, CA, USA & Santa Monica, CA, USA
$8,100,000
$212/SF
Building Size
38,099 SF
Asset Type
Industrial
Closing
Nov 29, 2018
AI
A mansion in Santa Monica has been sold for a whopping price of $8,100,000 to Travis VanderZanden, the owner of Bird, a popular electric scooter sharing company. The mansion, with a size of 7,800+ square feet, is located in the city of LA.
Summary of transaction details
- Property Type: Mansion
- Transaction Amount: $8,100,000
- Market: Santa Monica
- City: LA
Travis VanderZanden, the founder of Bird, has acquired this spectacular mansion in Santa Monica. With its spacious 7,800+ square feet, the property offers a luxurious living space that is sure to impress. The deal was finalized on November 30, 2018, marking a significant transaction in the real estate market of Santa Monica.
Players
Santa Monica Industrial Market Snapshot
Boundary boundary · Industrial · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.96%
Cash-on-Cash
-0.56%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93