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
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