Vesper Holdings Acquires Student Housing In Tucson, AZ For $203M
1020 North Tyndall Avenue, Tucson, Arizona 85719, United States
$203,000,000
Building Size
—
Asset Type
—
Closing
Oct 31, 2022
AI
The student housing located at 1020 N Tyndall Ave in Tucson, AZ has been sold in a transaction. The property, owned by Nelson Partners Student Housing, was acquired by Vesper Holdings. The sale price for the property was $203,000,000.
Summary of transaction details
- Property Type: Student Housing
- Transaction Amount: $203,000,000
- Buyer: Vesper Holdings
- Seller: Nelson Partners Student Housing
- Broker: Brad Cooke - Colliers
Brad Cooke from Colliers represented both the buyer, Vesper Holdings, and the seller, Nelson Partners Student Housing, in this transaction.
Players
Tucson CRE Market Snapshot
Boundary boundary · CRE · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.08%
Cash-on-Cash
-0.02%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93