facebook
Traded Co logo
Submit

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

Property Image
SOLD
$43,200,000
Darron Kattan
Avery Jordan
+ 2

Florida

See Similar Deals
Other787 SF
Sold 10/01/2021
the dealplayerscompscontact
Property Image
SOLD

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

13016 Leeds Court, Tampa, FL, USA

See Similar Deals
Other787 SF
Sold 10/01/2021
Darron Kattan
Avery Jordan
+ 2
Contact now

Summary

FLORIDA
Asset Type:Other
Price Per Square Foot:$54,892
Total Square Footage:787 SF
Transaction Type:Sale

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
15 deals$376M volume
BROKER

Zachary (Zach) Ames
Franklin Street
10 deals$316.1M volume
BROKER

Avery Jordan
Franklin Street
11 deals$283.7M volume
BROKER

Mark Savarese
Franklin Street
8 deals$251M volume
BROKER

Robert Goldfinger
Franklin Street
1 deal$43.2M volume
BROKER

BUYER

Details

SOLD
IMAGE: Zach Ames, Darron Kattan, Robert Goldfinger, Avery Jordan & Mark Savarese DATE: 10/01/2021 ADDRESS: 13016 Leeds Court MARKET: Tampa ASSET TYPE: Student Housing BUYER: Trinity Property Group & College Town Communities SELLER: Semco Investments BROKERS: Darron Kattan, Zach Ames, Robert Goldfinger, Avery Jordan & Mark Savarese - Franklin Street SALE PRICE: $43,200,000 UNITS: 230 ~ PPU: $187,826 BEDS: 570 ~ PPB: $75,789

Stay in the Know

Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.

By subscribing, you agree to our Terms of Service and Privacy Policy.

Similar Deals

Contact

Get in touch with the broker you want

Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$2,304,000.00

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$153,480.48
Cash-on-Cash Return-1.27%
Monthly Debt Service$204,790.04
Annual Debt Service$2,457,480.48