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1629 South Razorback Road

Andy Feinour Of Student Quarters Purchases Champions Club In Fayetteville For $23.3M From Ashland Capital
SOLDStudent Housing

Andy Feinour Of Student Quarters Purchases Champions Club In Fayetteville For $23.3M From Ashland Capital

1629 South Razorback Road

$23,300,000

$214/SF

Building Size

108,736 SF

Asset Type

Student Housing

Closing

May 15, 2025

AI

The property asset involved in the transaction is located at 1629 South Razorback Road in Fayetteville, AR. This student housing asset consists of 76 units, totaling 108,736 square feet. The property was acquired for a sale price of $23,300,000, resulting in a per unit price of $306,579 and a price per square foot of $214.

Summary of transaction details:

  • Property Type: Student Housing
  • Transaction Amount: $23,300,000
  • Units: 76
  • Square Footage: 108,736
  • Price Per Unit: $306,579
  • Price Per Square Foot: $214
  • Buyer: Andy Feinour - Student Quarters
  • Seller: Ashland Capital
  • Date of Sale: 05/15/2025

In this transaction, Student Quarters, represented by Andy Feinour, purchased Champions Club from Ashland Capital. The property was last sold in 2022 for $15,000,000, demonstrating a significant increase in value since its previous transaction.

Players

Andy Feinour

Student Quarters

Buyer

$268.1M

vol

5 deals

Buyer
AC
Ashland CapitalSeller

Fayetteville Student Housing Market Snapshot

Boundary boundary · Student Housing · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.68%

Cash-on-Cash

-0.19%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93