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1629 South Razorback Road

Rittenhouse Realty Advisors Sells Student Housing In Fayetteville, AR For $15M
SOLDStudent Housing

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

Kenneth Wellar

Global Real Estate Advisors (GREA)

Broker

$1.2B

vol

58 deals

Broker

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

1.06%

Cash-on-Cash

-0.30%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93