Mark Zuckerberg's Meta Acquires 110 Acres Of Land In Kauai For $17M
SOLD
$17,000,000
Hawaii
See Similar DealsSold 01/02/2022
SOLD
Mark Zuckerberg's Meta Acquires 110 Acres Of Land In Kauai For $17M
Kauai County, Hawaii, United States
See Similar DealsSold 01/02/2022
Summary
HAWAII
Transaction Type:Sale
Mark Zuckerberg, the co-founder and CEO of Meta and his wife, Priscilla Chan, have made a significant real estate purchase in Kauai. The couple has acquired a vast tract of land spanning approximately 110 acres.
Summary of transaction details
- Property Type: Land
- Transaction Amount: $17,000,000
This acquisition showcases Zuckerberg and Chan's interest in investing in properties, particularly in scenic locations. The land, located in Kauai, offers immense potential for development or preservation. The purchase further solidifies their extensive real estate portfolio.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$906,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$60,397.40
Cash-on-Cash Return-1.27%
Monthly Debt Service$80,588.67
Annual Debt Service$967,064.08
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