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64725 Acanto Drive, Palm Sp...

Tom Ryan Of ViacomCBS Streaming Acquires Palm Springs SFR For $8.4M
SOLDSingle Family Residence

Tom Ryan Of ViacomCBS Streaming Acquires Palm Springs SFR For $8.4M

64725 Acanto Drive, Palm Springs, CA, USA

$8,400,000

$449/SF

Building Size

18,685 SF

Asset Type

Single Family Residence

Closing

Jun 14, 2021

AI

Located in Palm Springs, the property at 64725 Acanto Drive was recently sold in a closed transaction. The single-family residential (SFR) asset offers a spacious interior with a total square footage of 18,685. The sale took place on June 15, 2021, and the property was purchased for a total of $8,400,000, resulting in a price per square foot of $449.

Summary of Transaction Details

  • Property Type: SFR
  • Transaction Amount: $8,400,000
  • Address: 64725 Acanto Drive
  • Market: Palm Springs

The buyer in this transaction was Tom Ryan, representing ViacomCBS Streaming. The deal was facilitated by John Nelson and Stefani Stolper Schmacker, both affiliated with Compass.

Players

John Nelson

Compass

Broker

$8.4M

vol

1 deal

Broker

Tom Ryan

Buyer

$11.3M

vol

2 deals

Buyer

Palm Springs Single Family Residence Market Snapshot

Boundary boundary · Single Family Residence · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

1.89%

Cash-on-Cash

-0.54%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93