Valiance Capital Acquires Student Housing In Berkeley For $11.8M From Seller Gai Family
2430 Prospect Street, Berkeley, California 94704, United States
$11,800,000
$621,052/SF
Building Size
19 SF
Asset Type
—
Closing
Nov 23, 2022
AI
The student housing property located at 2430 Prospect St in Berkeley, CA has been sold for a total price of $11,800,000. The transaction took place on 11/23/2022. The property spans a total area of 19,188 square feet, resulting in a price per square foot of $615. It consists of 27 units, with an average price per unit of $437,037.
Summary of transaction details
- Property Type: Student Housing
- Transaction Amount: $11,800,000
- Address: 2430 Prospect St, Berkeley, CA
- Market: Berkeley, CA
- Buyer: Valiance Capital - Nhan Nguyen Le
- Seller: Gai Family
- Broker: Ryan Rodriquez - Colliers International
Nhan Nguyen Le from Valiance Capital represented the buyer in this transaction. The seller was the Gai Family. Colliers International, represented by Ryan Rodriquez, acted as the broker for this deal.
Berkeley CRE Market Snapshot
Boundary boundary · CRE · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.34%
Cash-on-Cash
-0.38%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93