Updated Nov 17, 2023
Tim Cook Acquires La Quinta SFR For $10.1M With Glenn Cassell - Hideaway Properties Corporation
La Quinta, CA, USA
$10,100,000
$1,014/SF
Building Size
9,956 SF
Asset Type
Single Family Residence
Closing
Sep 26, 2021
About this deal
AI
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.
On the Map
$10,100,000
$1,014/SF
Single Family Residence
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Players
La Quinta Single Family Residence Market Snapshot
Boundary boundary · Single Family Residence · Sale transactions
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Deal FAQ
About $1K per square foot on a published $10.1M for 9,956 square feet (2021).
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.57%
Cash-on-Cash
-0.45%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93