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La Quinta, CA, USA

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

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

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.

Players

Glenn Cassell

Broker

$83.4M

vol

5 deals

Broker

La Quinta 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

1.57%

Cash-on-Cash

-0.45%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93