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5505 Lindo Paseo, San Diego...

Updated Oct 28, 2024

Bilt advertisement
Champion Real Estate Company Acquires Student Housing In San Diego For $12.7M
SOLDDevelopment Site

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

About this deal

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.

The development site sale at 5505 Lindo Paseo, San Diego, California 92115, United States in San Diego, California sold for $12.7M in 2022. 5505 Lindo Paseo, San Diego, California 92115, United States is classified as Development Site on Traded. Teddy Leatherman, Stewart Hayes, Kevin Kazlow, Jack Goldberger appear on the sale alongside JLL. This page is the San Diego, California file for the 5505 Lindo Paseo, San Diego, California 92115, United States development site sold: pricing, party profiles, and other closed development site comps from the same San Diego sit in the Market section below. Filter that San Diego development site set by closing date to see what else sold near 5505 Lindo Paseo, San Diego, California 92115, United States around 2022. Published consideration for 5505 Lindo Paseo, San Diego, California 92115, United States is $12.7M, dated 2022. Cite this Champion Real Estate Company Acquires Student Housing In San Diego For $12.7M sale when underwriting similar development site product around San Diego, California.

Players

Scott Clifton

JLL

Broker

$183.1M

vol

11 deals

Broker
CC
Champion Real Estate CompanyBuyer

San Diego Development Site Market Snapshot

Boundary boundary · Development Site · Sale transactions

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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

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