Updated Oct 29, 2024
Mayor Bob Whalen, Mayor Pro Tem Sue Kempf, And City Manager Shohreh Dupuis Acquire Laguna Beach School For $23M
30516 Pacific Coast Highway, Laguna Beach, California 92651, United States
$23,000,000
Building Size
—
Asset Type
Other
Closing
Dec 29, 2022
About this deal
AI
The property involved in this closed transaction is a school located at 30516 Coast Highway in Laguna Beach. The property spans across 6.5 acres. The sale took place on December 29, 2022, with the buyer being Mayor Bob Whalen, Mayor Pro Tem Sue Kempf, and City Manager Shohreh Dupuis. The seller of the property was The Diocese of Orange, represented by Bradley Zint. The transaction involved a sale price of $23,000,000.
Summary of transaction details
- Property Type: School
- Transaction Amount: $23,000,000
- Address: 30516 Coast Highway, Laguna Beach
- Market: Laguna Beach
- Acres: 6.5
Mayor Bob Whalen, Mayor Pro Tem Sue Kempf, and City Manager Shohreh Dupuis acted as the buyers in this transaction. On the seller's side, The Diocese of Orange was represented by Bradley Zint. The sale of this school property for $23,000,000 marked a significant deal in Laguna Beach.
Players
Laguna Beach Other Market Snapshot
Boundary boundary · Other · Sale transactions
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Deal FAQ
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.69%
Cash-on-Cash
-0.20%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93