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Sofia Richie & Elliot Grain...

Sofia Richie And Elliot Grainge Purchase Brentwood SFR For $26.9M
SOLD

Sofia Richie And Elliot Grainge Purchase Brentwood SFR For $26.9M

$26,900,000

Building Size

Asset Type

Closing

Jul 6, 2022

AI

Sofia Richie, a model, and Elliot Grainge of 0kprojects recently closed a sale in Brentwood, involving a single-family residential property. The transaction took place on 07/07/2022 and the property sits on approximately 0.7 acres. The property spans 10,779 square feet and boasts a price per square foot of $2,495. The deal was brokered by Branden & Rayni Williams of The Beverly Hills Estates, David Findley of The Agency, and Drew Fenton of Hilton & Hyland.

Summary of transation details

  • Property Type: Single-Family Residential
  • Transaction Amount: $26,900,000
  • Market: Brentwood

Jeremy Zimmer was the seller in this transaction. Sofia Richie and Elliot Grainge are the buyers, with Sofia Richie being a model and Elliot Grainge representing 0kprojects. The deal was facilitated by the buyer's representatives, Branden & Rayni Williams from The Beverly Hills Estates, David Findley from The Agency, and Drew Fenton from Hilton & Hyland.

Players

Drew Fenton

Carolwood Estates

Broker

$1.3B

vol

36 deals

Broker
Hilton & Hyland
Hilton & HylandBrokerage

Sofia Richie

Buyer

$92.6M

vol

4 deals

Buyer

Jeremy Zimmer

Seller

$53.8M

vol

2 deals

Seller

Market 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

0.59%

Cash-on-Cash

-0.17%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93