Updated Dec 21, 2023
Gregory Kavoklis Refinances Student Housing In San Luis Obispo For $4.97M
152 Ferrini Road, San Luis Obispo, California 93405, United States
$4,966,500
$325/SF
Building Size
15,269 SF
Asset Type
—
Closing
Jun 1, 2022
About this deal
AI
Located at 152 Ferrini Road in San Luis Obispo, this student housing property spans approximately 15,269 square feet. The asset, as captured in a photograph by Gregory Kavoklis, was involved in a recent loan transaction.
Summary of transaction details:
- Property Type: Student Housing
- Transaction Amount: $4,966,500
The loan, which amounted to $4,966,500, was obtained through a refinancing arrangement. The terms of the loan include a 7-year fixed rate of 3.40%, with the first 60 months being interest-only. It is a nonrecourse loan and allows for stepdown prepayment. Gregory Kavoklis from Matthews Real Estate Investment Services represented the parties involved in this deal.
On the Map
$4,966,500
$325/SF
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Players
San Luis Obispo CRE Market Snapshot
Boundary boundary · CRE · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
3.19%
Cash-on-Cash
-0.91%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93