Matthew Prozzillo & Ben Skinner Of Marcus & Millichap Sell Student Housing In Tallahassee For $5.7M
1824 Greentree Lane, Tallahassee, Florida 32304, United States
$5,721,500
Building Size
—
Asset Type
—
Closing
Jan 25, 2023
AI
Located at 1824 Greentree Lane in Tallahassee, this student housing property spans over 2.21 acres. The transaction for this property took place on 01/25/2023, with a sale price of $5,721,500. The property consists of 78 beds, resulting in a price per bed of $73,353.
Summary of transaction details
- Property Type: Student Housing
- Transaction Amount: $5,721,500
- Beds: 78
- Price Per Bed: $73,353
Represented by Matthew Prozzillo and Ben Skinner from Marcus & Millichap, this deal showcases their expertise in the market. Their involvement as brokers demonstrates their commitment to facilitating successful transactions in the Tallahassee area.
Players
Tallahassee CRE Market Snapshot
Boundary boundary · CRE · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.77%
Cash-on-Cash
-0.79%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93