Champion Real Estate Company Acquires Student Housing In San Diego For $12.7M
5505 Lindo Paseo, San Diego, California 92115, United States
$12,700,000
Building Size
—
Asset Type
Development Site
Closing
Aug 13, 2022
AI
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
San Diego Development Site Market Snapshot
Boundary boundary · Development Site · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.25%
Cash-on-Cash
-0.36%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93