Updated Oct 29, 2024
FIGS Co-CEOs Acquire Two Brentwood Mansions For $78.8M
Brentwood, California, United States
$78,800,000
$3,426/SF
Building Size
23,000 SF
Asset Type
Single Family Residence
Closing
Dec 5, 2022
About this deal
AI
Trina Spear & Heather Hasson have recently closed a significant real estate transaction in Brentwood. The property involved is a single-family home with a total square footage of 23,000. The transaction took place on May 12, 2022, and the sale price amounted to $78,800,000. The price per square foot of this property is $3,426. It is worth noting that Trina Spear & Heather Hasson purchased two Brentwood Mansions, combining their total investment to reach $78 million.
Summary of transaction details:
- Property Type: Single-Family Home
- Sale Price: $78,800,000
- Square Footage: 23,000
- Price per Square Foot: $3,426
Heather Hasson & Trina Spear, the co-CEOs and co-founders of FIGS, were the buyers in this significant transaction. Their purchase demonstrates their strategic investment in the Brentwood market. The acquisition of these two luxurious properties showcases their commitment to expanding their real estate portfolio while also catering to their personal preferences and desires. This transaction further solidifies their presence as prominent figures in the real estate market.
Players
Brentwood Single Family Residence Market Snapshot
Boundary boundary · Single Family Residence · Sale transactions
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Deal FAQ
About $3.4K per square foot on a published $78.8M for 23,000 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
0.20%
Cash-on-Cash
-0.06%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93