Mark Zuckerberg's Meta Acquires 110 Acres Of Land In Kauai For $17M
Kauai County, Hawaii, United States
$17,000,000
Building Size
—
Asset Type
—
Closing
Jan 2, 2022
AI
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.
Players
Lihue CRE Market Snapshot
Boundary boundary · CRE · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.93%
Cash-on-Cash
-0.27%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93