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14521 Quito Road

Updated Oct 29, 2024

Pinn Brothers Fine Homes Acquires 11.4 Acres Of Land In Saratoga For $12.5M
SOLDLand

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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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

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