Updated Oct 28, 2024
Olympus Real Estate Group Acquires Murrieta Resort For $50M
39401 Murrieta Hot Springs Road, Murrieta, California 92563, United States
$50,000,000
Building Size
—
Asset Type
Other
Closing
Aug 29, 2022
About this deal
AI
The resort property located at 39401 Murrieta Hot Springs Road in Murrieta, CA has been sold for a price of $50,000,000. The property spans across 46 acres and offers a unique investment opportunity. The transaction took place on 08/30/2022.
Summary of transaction details
- Property Type: Resort
- Transaction Amount: $50,000,000
- Address: 39401 Murrieta Hot Springs Road, Murrieta, CA
- Market: Murrieta, CA
- Acres: 46
Olympus Real Estate Group, represented by David Dronet, acquired the property from Calvary Chapel. The deal was facilitated by Justin Esayian from The Hoffman Company, acting as the broker for both parties involved. The sale of this resort property marks a significant transaction in the Murrieta market, showcasing the demand for properties in this area.
On the Map
$50,000,000
Other
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.32%
Cash-on-Cash
-0.09%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93