Rittenhouse Realty Advisors Sells Student Housing In Fayetteville, AR For $15M
1629 South Razorback Road
$15,000,000
$60/SF
Building Size
246,594 SF
Asset Type
Student Housing
Closing
Aug 3, 2022
AI
Located at 1629 S Razorback Rd in Fayetteville, AR, this student housing property was recently sold in a closed transaction. The property spans a total area of 246,594 square feet, with a sale price of $15,000,000, resulting in a price per square foot of $61.
Summary of transaction details
- Property Type: Student Housing
- Transaction Amount: $15,000,000
- Address: 1629 S Razorback Rd, Fayetteville, AR
- Market: Fayetteville, AR
The successful transaction was facilitated by Sean Lyons, Ken Wellar, and Douglas Sitt from Rittenhouse Realty Advisors. They represented the interests of the respective parties involved in the deal, ensuring a smooth and efficient negotiation process.
Players
Fayetteville Student Housing Market Snapshot
Boundary boundary · Student Housing · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.06%
Cash-on-Cash
-0.30%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93