Updated Oct 29, 2024
Chase Coleman III Acquires Point Dume SFR From Brian Kariger For $56M
Point Dume, Malibu, California, United States
$56,000,000
$5,490/SF
Building Size
10,200 SF
Asset Type
Single Family Residence
Closing
May 29, 2022
About this deal
AI
Chase Coleman III, a hedge fund billionaire and co-founder of Tiger Global, recently acquired two properties in Point Dume for a total of $56 million. The assets, which are single-family residences, are located in the Point Dume market. The sale took place on May 29, 2022.
Summary of transaction details
- Property Type: Single-Family Residence (SFR)
- Transaction Amount: $56,000,000
- Square Footage: 10,200
- Price per Square Foot: $5,490
Chase Coleman III purchased the properties from Brian Kariger. This significant transaction highlights the involvement of key individuals in the deal, showcasing the active role of Chase Coleman III as the purchaser and Brian Kariger as the seller.
Please note that Chase Coleman III acquired a total of 10,200 square feet of residential space in Point Dume for a price of $56 million.
Players
Malibu Single Family Residence Market Snapshot
Boundary boundary · Single Family Residence · Sale transactions
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Deal FAQ
About $5.5K per square foot on a published $56M for 10,200 square feet (2022).
Browse California single family residence sales on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.28%
Cash-on-Cash
-0.08%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93