Hyatt Corporation Acquires Property In Indian Wells For $120 Million With Seller's Rep Mark Elliott
44600 Indian Wells Ln, Indian Wells, C...
$120,000,000
Building Size
—
Asset Type
—
Closing
Nov 20, 2023
About this deal
AI
The property located at 44600 Indian Wells Ln, Indian Wells, California, was sold for a total price of $120,000,000.00. The market for this property is identified as Wells, and it encompasses a square footage of 0.
Summary of transaction details:
- Property Type: Sale
- Transaction Amount: $120,000,000.00
- Address: 44600 Indian Wells Ln, Indian Wells, California
- Market: Wells
- Seller's Representative: Mark Elliott, Hodges Ward Elliott
- Buyer: Hyatt Corporation
The transaction was facilitated by Mark Elliott of Hodges Ward Elliott, representing the seller in this significant deal, while Hyatt Corporation acted as the buyer.
Players
Wells 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
0.13%
Cash-on-Cash
-0.04%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93