Updated Dec 4, 2024
Landsea Homes Acquires 156 Lots In North Fontana For $47.72M From Arroyo Capital
4785 Habitat Drive
$47,720,000
Building Size
—
Asset Type
Development Site
Closing
Sep 13, 2023
About this deal
AI
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.
On the Map
$47,720,000
Development Site
View full map
Players
Naples Development Site Market Snapshot
Boundary boundary · Development Site · Sale transactions
Loading comparables…
Deal FAQ
Browse Naples development site sales on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.33%
Cash-on-Cash
-0.10%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93