Updated Oct 29, 2024
Pinn Brothers Fine Homes Acquires 11.4 Acres Of Land In Saratoga For $12.5M
14521 Quito Road
$12,500,000
Building Size
—
Asset Type
Land
Closing
Feb 15, 2023
About this deal
AI
The property involved in this transaction is a land located at 14521 Quito Road in Saratoga. The land spans approximately 11.4 acres. The sale of this property took place on February 15, 2023. The buyer of the land is Pinn Brothers Fine Homes, represented by Alan Pinn, Gregg Pinn, and Jeff Curran. The seller of the land is Maria Orlando-Hinz.
Summary of transaction details
- Property Type: Land
- Transaction Amount: $12,500,000
- Address: 14521 Quito Road
- Market: Saratoga
- Buyer: Pinn Brothers Fine Homes - Alan Pinn, Gregg Pinn & Jeff Curran
- Seller: Maria Orlando-Hinz
Dottie Monroe, representing Christie’s International Real Estate, acted as the broker in this transaction. The lender for the sale was Fremont Bank.
Players
Saratoga Land Market Snapshot
Boundary boundary · Land · Sale transactions
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Deal FAQ
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.27%
Cash-on-Cash
-0.36%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93