Trinity Property Group & College Town Communities Acquire Student Housing In Tampa For $43.2M
13016 Leeds Court, Tampa, FL, USA
$43,200,000
$54,892/SF
Building Size
787 SF
Asset Type
Other
Closing
Oct 1, 2021
About this deal
AI
Trinity Property Group and College Town Communities have acquired a student housing asset in Tampa. The property, located at 13016 Leeds Court, was sold by Semco Investments. The transaction was facilitated by Darron Kattan, Zach Ames, Robert Goldfinger, Avery Jordan, and Mark Savarese of Franklin Street. The sale price for the property was $43,200,000.
Summary of transaction details
- Property Type: Student Housing
- Transaction Amount: $43,200,000
- Address: 13016 Leeds Court, Tampa
- Market: Tampa
The student housing asset consists of 230 units, with a total of 570 beds. The price per unit is approximately $187,826, while the price per bed is around $75,789. The purchase was made by Trinity Property Group and College Town Communities, represented by their brokers Darron Kattan, Zach Ames, Robert Goldfinger, Avery Jordan, and Mark Savarese from Franklin Street.
On the Map
$43,200,000
$54,892/SF
Other
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Players
Tampa Other Market Snapshot
Boundary boundary · Other · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.37%
Cash-on-Cash
-0.10%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93