facebook
TradedTraded
    Home
    Search
    Closings
    Listings
    On Market
    Off Market
    Add a listing
    Vaults
    shh
    Rankings
    News
    Data
    Socials
    More


Messages

Go Pro
+ Submit+ Submit a Deal
Home

/

Deals

/

California

/

Land

/

Sale

/

California

Updated Oct 29, 2024

Ecology Mountain Holdings Acquires 10,000-Acre Land In Eagle Mountain For $22.6M
SOLDLand

Ecology Mountain Holdings Acquires 10,000-Acre Land In Eagle Mountain For $22.6M

California

$22,580,000

Building Size

Asset Type

Land

Closing

May 23, 2023

About this deal

AI

California's Eagle Mountain, a former bustling iron mine turned ghost town, has been sold to a mysterious buyer for nearly $22.6 million. The 10,000-acre land near Joshua Tree National Park has been acquired by Ecology Mountain Holdings. The seller in this transaction is Eagle Mountain Acquisitions.

Summary of transaction details

  • Property Type: Land
  • Transaction Amount: $22,580,000
  • Acres: 10,000
  • Address: Eagle Mountain
  • Market: California

The buyer, Ecology Mountain Holdings, has plans for the 10,000-acre site, although the specifics remain unknown. Conservationists argue that the land should have been returned to the national park after mining operations ceased in 1983. However, the intentions of the buyer are undisclosed at this time.

Players

Los Angeles Land Market Snapshot

Boundary boundary · Land · Sale transactions

Loading comparables…

Deal FAQ

Browse Los Angeles land sales on Traded.

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.70%

Cash-on-Cash

-0.20%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

More Deals

Nearby Markets