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Champion Real Estate Company Acquires Student Housing In San Diego For $12.7M

Property Image
SOLD
$12,700,000
Stewart Hayes
Kevin Kazlow
+ 2

California

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Development Site
Sold 08/14/2022
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Property Image
SOLD

Champion Real Estate Company Acquires Student Housing In San Diego For $12.7M

5505 Lindo Paseo, San Diego, California 92115, United States

See Similar Deals
Development Site
Sold 08/14/2022
Stewart Hayes
Kevin Kazlow
+ 2
Contact now

Summary

CALIFORNIA
Asset Type:Development Site
Transaction Type:Sale

The student housing property located at 5505-25 Lindo Paseo in San Diego has been sold in a transaction. The sale took place on August 14, 2022, for a sale price of $12,700,000. The property was acquired by Champion Real Estate Company.

Summary of transaction details:

  • Property Type: Student housing
  • Transaction Amount: $12,700,000
  • Market: San Diego

Stewart Hayes from JLL represented the buyer, Champion Real Estate Company, in this transaction.

Players

Scott Clifton
12 deals$130.4M volume
BROKER

Stewart Hayes
JLL
3 deals$55.7M volume
BROKER

Teddy Leatherman
JLL
12 deals$75.5M volume
BROKER

Kevin Kazlow
JLL
6 deals$37.5M volume
BROKER

Jack Goldberger
JLL
2 deals$37.5M volume
BROKER

BUYER

Details

SOLD
IMAGE: Stewart Hayes DATE: 08/14/2022 ADDRESS: 5505-25 Lindo Paseo MARKET: San Diego ASSET TYPE: Student housing BUYER: Champion Real Estate Company BROKER: Stewart Hayes - JLL SALE PRICE: $12,700,000

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Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$45,120.43
Cash-on-Cash Return-1.27%
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