facebook
Traded Co logo
Submit

Tim Cook Acquires La Quinta SFR For $10.1M With Glenn Cassell - Hideaway Properties Corporation

Property Image
SOLD
$10,100,000

California

See Similar Deals
Single Family Residence9,956 SF
Sold 09/26/2021
the dealplayerscompscontact
Property Image
SOLD

Tim Cook Acquires La Quinta SFR For $10.1M With Glenn Cassell - Hideaway Properties Corporation

La Quinta, CA, USA

See Similar Deals
Single Family Residence9,956 SF
Sold 09/26/2021
Contact now

Summary

CALIFORNIA
Asset Type:Single Family Residence
Price Per Square Foot:$1,014
Total Square Footage:9,956 SF
Transaction Type:Sale

Tim Cook, the CEO of Apple, has recently purchased a single-family residential (SFR) property in La Quinta, California. The property, which spans approximately 0.81 acres, was sold for a substantial amount of $10,100,000. The transaction took place on September 26, 2021, and was facilitated by broker Glenn Cassell from Hideaway Properties Corporation.

Summary of Transaction Details:

  • Property Type: Single-Family Residential (SFR)
  • Sale Price: $10,100,000
  • Square Footage: 9,956
  • Price Per Square Foot: $1,014
  • Market: La Quinta

This acquisition showcases Tim Cook's interest in the real estate market, as he has made a significant investment in this property. Glenn Cassell, representing Hideaway Properties Corporation, played a vital role in facilitating the transaction. With its spacious square footage and prime location, this SFR property offers excellent potential for Tim Cook's enjoyment or investment purposes.

Players

5 deals$83.4M volume(760) 777-9320
BROKER

Details

SOLD
IMAGE: Tim Cook DATE: 09/26/2021 MARKET: La Quinta ASSET TYPE: SFR ~ ACRES: 0.81 BUYER: Tim Cook BROKER: Glenn Cassell - Hideaway Properties Corporation SALE PRICE: $10,100,000 SF: 9,956 ~ PPSF: $1,014

Stay in the Know

Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.

By subscribing, you agree to our Terms of Service and Privacy Policy.

Similar Deals

Contact

Get in touch with the broker you want

Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$538,666.68

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$35,883.15
Cash-on-Cash Return-1.27%
Monthly Debt Service$47,879.15
Annual Debt Service$574,549.83