Byron Allen Acquires Malibu Single Family Home From Austin & Jade Mills For $100M
$100,000,000
$9,090/SF
Building Size
11,000 SF
Asset Type
Single Family
Closing
Oct 9, 2020
AI
A stunning single family home in Malibu, CA has been sold for a whopping $100,000,000. This luxurious property spans across 11,000 square feet, making it a truly impressive asset in the market. The buyer of this magnificent property is none other than Byron Allen.
Summary of transaction details
- Property Type: Single Family
- Transaction Amount: $100,000,000
- Market: Malibu, CA
Byron Allen was represented in this transaction by Terence Hill from BT Equities. On the other hand, the seller's representatives were Austin and Jade Mills from Coldwell Banker Realty. Their expertise and professionalism facilitated the smooth completion of this high-profile deal.
Players
Market Single Family Market Snapshot
Boundary boundary · Single Family · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.16%
Cash-on-Cash
-0.05%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93