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
About this deal
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
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