Daily limit: 0/10
Landsea Homes Acquires 156 Lots In North Fontana For $47.72M From Arroyo Capital
SOLD
$47,720,000
Development Site
Sold 09/13/2023
SOLD
Landsea Homes Acquires 156 Lots In North Fontana For $47.72M From Arroyo Capital
4785 Habitat Drive
See Similar DealsDevelopment Site
Sold 09/13/2023
Summary
OHIO
Asset Type:Development Site
Transaction Type:Sale
Landsea Homes has purchased a development site consisting of 156 lots in North Fontana for $47.72 million. The address of the property is 4785 Habitat Drive. Each lot was acquired at an average price of approximately $305,897. This transaction is part of the Narra Hills master-planned community, which offers a diverse range of home styles, including single-family homes and townhomes of various sizes.
Summary of transaction details:
- Property Type: Development Site
- Transaction Amount: $47,720,000
- Address: 4785 Habitat Drive
- Market: North Fontana
John Ho, representing Landsea Homes, and Leigh Austin, representing Arroyo Capital, were the key individuals involved in this deal. Landsea Homes acted as the buyer, while Arroyo Capital served as the seller.
Players
Details
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Similar Deals
Contact
Get in touch with the broker you want
Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$2,545,066.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$169,539.08
Cash-on-Cash Return-1.27%
Monthly Debt Service$226,217.15
Annual Debt Service$2,714,605.75
Is there something missing? Send suggestions