Nhan Nguyen Le's Valiance Capital Acquires Student Housing In Berkeley For $10M
2538 Durant Avenue
$10,000,000
$781/SF
Building Size
12,792 SF
Asset Type
Student Housing
Closing
Nov 30, 2022
AI
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
Berkeley Student Housing Market Snapshot
Boundary boundary · Student Housing · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.59%
Cash-on-Cash
-0.45%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93