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39401 Murrieta Hot Springs ...

Olympus Real Estate Group Acquires Murrieta Resort For $50M
SOLDOther

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

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.

Players

Justin Esayian

Broker

$58.2M

vol

2 deals

Broker

Murrieta Other Market Snapshot

Boundary boundary · Other · Sale transactions

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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