CA Ventures Acquires Student Housing In Boca Raton For $80M
135 Northwest 20th Street, Boca Raton, FL, USA
$80,000,000
$62,111/SF
Building Size
1,288 SF
Asset Type
Other
Closing
Jan 10, 2021
AI
The student housing property located at 135 Northwest 20th Street in Boca Raton has been sold for a total transaction amount of $80,000,000. The property consists of 159 units, with an average price per unit of $503,000. The sale took place on January 11, 2021, and the buyer was CA Ventures, represented by Tom Scott. The seller in this transaction was Investcorp International.
Summary of transaction details
- Property Type: Student Housing
- Transaction Amount: $80,000,000
- Address: 135 Northwest 20th Street, Boca Raton
- Units: 159
- Price Per Unit: $503,000
Tom Scott, representing CA Ventures, played a crucial role as the buyer in this student housing transaction. On the other side of the deal, Investcorp International acted as the seller. This significant sale underscores the demand for student housing properties in the Boca Raton market.
Players
Boca Raton 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
0.20%
Cash-on-Cash
-0.06%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93