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Nhan Nguyen Le's Valiance Capital Acquires Student Housing In Berkeley For $10M

Property Image
SOLD
$10,000,000
Michael Colhoun Jr.
Leland Ortega
JE
+ 1

California

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Student Housing12,792 SF
Sold
the dealplayerscompscontact
Property Image
SOLD

Nhan Nguyen Le's Valiance Capital Acquires Student Housing In Berkeley For $10M

2538 Durant Avenue

See Similar Deals
Student Housing12,792 SF
Sold
Michael Colhoun Jr.
Leland Ortega
JE
+ 1
the dealplayerscompscontact
Contact now

Summary

CALIFORNIA
Asset Type:Student Housing
Price Per Square Foot:$781
Total Square Footage:12792 SF
Transaction Type:Sale

The student housing property located at 2538 Durant Ave in Berkeley, CA has been sold in a transaction. The sale price for the property was $10,000,000, and it encompasses a lot size of 12,792 square feet, resulting in a price per square foot of $782.

Summary of transaction details:

  • Property Type: Student Housing
  • Transaction Amount: $10,000,000
  • Lot Size: 12,792 sqft
  • Price per Square Foot: $782

The buyer of the student housing property is Nhan Nguyen Le from Valiance Capital. The seller is Tim Lyman from The Lyman Family. The broker representing the sale is Michael Colhoun Jr. from Walker & Dunlop. Jeff Eliason and Leland Ortega from Highland Realty Capital acted as the loan brokers in this transaction.

Players

Leland Ortega
Highland Realty Capital
Leland Ortega
10 deals$347.3M volume
BROKER
Michael Colhoun Jr.
Walker & Dunlop
Michael Colhoun Jr.
5 deals$10M volume(415) 233-3945
BROKER
JE
Highland Realty Capital
Jeff Eliason
1 deal$10M volume
BROKER
Nhan Nguyen Le
Nhan Nguyen Le
5 deals$52.2M volume
BUYER

Details

SOLD
IMAGE: Nhan Nguyen Le, Jeff Eliason, Leland Ortega & Michael Colhoun DATE: 11/30/2022 ADDRESS: 2538 Durant Ave MARKET: Berkeley, CA ASSET TYPE: Student Housing BUYER: Nhan Nguyen Le (@NhanValiance) - Valiance Capital SELLER: Tim Lyman - The Lyman Family BROKER: Michael Colhoun Jr. - Walker & Dunlop LOAN BROKER: Jeff Eliason and Leland Ortega - Highland Realty Capital SALE PRICE: $10,000,000 LOT SF: 12,792 ~ PPSF: $782

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$533,333.33

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$35,527.90
Cash-on-Cash Return-1.27%
Monthly Debt Service$47,405.10
Annual Debt Service$568,861.22