Updated Oct 29, 2024
FivePoint Holdings Sells 84 Acres Of Land In Irvine For $357.8M
Irvine
$357,800,000
Building Size
—
Asset Type
Land
Closing
Aug 7, 2023
About this deal
AI
FivePoint Holdings, led by Dan Hedigan, has sold 798 home sites in Irvine for a total of $357.8 million. The transaction highlights the strength of the residential market. The deal encompasses 84 acres of land within the Great Park neighborhoods, which include various residential developments and amenities.
Summary of transaction details
- Property Type: Land
- Transaction Amount: $357,800,000
- Market: Irvine
- Acres: 84
- Seller: FivePoint Holdings - Dan Hedigan
The sale of these 798 home sites demonstrates the thriving residential market. FivePoint Holdings, represented by Dan Hedigan, successfully closed the deal for a significant amount. The 84 acres of land within the Great Park neighborhoods offer a range of residential developments and amenities, making it an appealing investment opportunity.
On the Map
$357,800,000
Land
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Players
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.04%
Cash-on-Cash
-0.01%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93