Rittenhouse Realty Advisors Facilitates $41.7M Sale Of Student Housing In Statesboro, GA
SOLD
$41,700,000
Georgia
See Similar Deals310,440 SF
Sold
SOLD
Rittenhouse Realty Advisors Facilitates $41.7M Sale Of Student Housing In Statesboro, GA
831 South Main Street, Statesboro, Georgia 30458, United States
See Similar Deals310,440 SF
Sold
Summary
GEORGIA
Price Per Square Foot:$134
Total Square Footage:310440 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$2,224,000.01
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$148,151.29
Cash-on-Cash Return-1.27%
Monthly Debt Service$197,679.27
Annual Debt Service$2,372,151.29
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