Ben Simmons Acquires Hidden Hills SFR For $17.5M With Brokers Stephen Sweeney, Altman Brothers, And Bre Tiesi
SOLD
$17,500,000
+ 1
California
See Similar DealsIndustrial12,000 SF
Sold 06/28/2020
SOLD
Ben Simmons Acquires Hidden Hills SFR For $17.5M With Brokers Stephen Sweeney, Altman Brothers, And Bre Tiesi
Hidden Hills, CA, USA
See Similar DealsIndustrial12,000 SF
Sold 06/28/2020
+ 1
Summary
CALIFORNIA
Asset Type:Industrial
Price Per Square Foot:$1,458
Total Square Footage:12,000 SF
Transaction Type:Sale
Ben Simmons has recently sold a single-family home in Hidden Hills for a whopping $17,500,000. The property spans 12,000 square feet, resulting in a price per square foot of $1,458. This sale took place on June 28, 2021.
Summary of transaction details
- Property Type: Single Family Home (SFR)
- Transaction Amount: $17,500,000
- Market: Hidden Hills
Stephen Sweeney from SGS Estates, Josh & Matt Altman from Douglas Elliman's Altman Brothers Team, and Bre Tiesi from Keller Williams served as the brokers in this deal.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$933,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$62,173.82
Cash-on-Cash Return-1.27%
Monthly Debt Service$82,958.93
Annual Debt Service$995,507.14
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