Updated Oct 28, 2024
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.
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San Diego Development Site Market Snapshot
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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