Updated Sep 4, 2026
Angelo Paparella Acquires Student Housing At 721 West 11th Street For $16.16M From Kevin Kramer
721 West 11th Street
$16,163,000
$236/SF
Building Size
68,376 SF
Asset Type
Student Housing
Closing
Aug 31, 2026
About this deal
AI
The asset involved in this transaction is a student housing property located at 721 West 11th Street in Chico. This property spans 68,376 square feet and was sold for a total price of $16,163,000, which translates to a price per square foot of $236.
Summary of transaction details:
- Property Type: Student Housing
- Transaction Amount: $16,163,000
- Address: 721 West 11th Street
- Market: Chico
- Square Footage: 68,376
- Price Per Square Foot: $236
- Buyer: Angelo Paparella
- Seller: Kevin Kramer - Halbro Construction, Inc
- Seller's Representative: Spencer Moyer - Alive Commercial Real Estate
This transaction highlights key individuals in the deal, with Angelo Paparella acquiring the property from seller Kevin Kramer, who is associated with Halbro Construction, Inc. The transaction was represented by Spencer Moyer from Alive Commercial Real Estate on behalf of the seller.
On the Map
$16,163,000
$236/SF
Student Housing
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Chico Student Housing Market Snapshot
Boundary boundary · Student Housing · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.98%
Cash-on-Cash
-0.28%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93