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831 South Main Street, Stat...

Rittenhouse Realty Advisors Facilitates $41.7M Sale Of Student Housing In Statesboro, GA
SOLD

Rittenhouse Realty Advisors Facilitates $41.7M Sale Of Student Housing In Statesboro, GA

831 South Main Street, Statesboro, Georgia 30458, United States

$41,700,000

$134/SF

Building Size

310,440 SF

Asset Type

Closing

Jan 23, 2022

AI

The student housing property located at 831 S. Main St. in Statesboro, GA was recently sold for a total price of $41,700,000. The transaction took place on January 24, 2022. The property has a total area of 310,440 square feet, which translates to a price per square foot of $134. The sale of this asset was facilitated by brokers Douglas Sitt and Ken Wellar from Rittenhouse Realty Advisors.

Summary of transaction details:

  • Property Type: Student Housing
  • Sale Price: $41,700,000
  • Address: 831 S. Main St., Statesboro, GA
  • Market: Statesboro, GA
  • Size: 310,440 sq ft
  • Price per Square Foot: $134

This successful transaction was made possible through the efforts of brokers Douglas Sitt and Ken Wellar from Rittenhouse Realty Advisors. Their expertise and negotiation skills played a crucial role in securing the sale of the student housing property located at 831 S. Main St. in Statesboro, GA.

Players

Kenneth Wellar

Global Real Estate Advisors (GREA)

Broker

$1.2B

vol

58 deals

Broker

Statesboro 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

0.38%

Cash-on-Cash

-0.11%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93