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13016 Leeds Court, Tampa, F...

Trinity Property Group & College Town Communities Acquire Student Housing In Tampa For $43.2M
SOLDOther

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

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.

Players

Darron Kattan

Franklin Street

Broker

$376M

vol

15 deals

Broker
CC
College Town CommunitiesBuyer

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