Rittenhouse Realty Advisors Sells Student Housing In Fayetteville, AR For $15M
SOLD
$15,000,000
Arkansas
See Similar DealsStudent Housing246,594 SF
Sold
SOLD
Rittenhouse Realty Advisors Sells Student Housing In Fayetteville, AR For $15M
1629 South Razorback Road
See Similar DealsStudent Housing246,594 SF
Sold
Summary
ARKANSAS
Asset Type:Student Housing
Price Per Square Foot:$60
Total Square Footage:246594 SF
Transaction Type:Sale
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.
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Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$799,999.99
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$53,291.84
Cash-on-Cash Return-1.27%
Monthly Debt Service$71,107.65
Annual Debt Service$853,291.83
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