Kahuna Investments Acquires 258-Bed Student Housing In Columbus, GA For $7.08M
3528 Gentian Boulevard
$7,080,000
Building Size
—
Asset Type
Student Housing
Closing
Jan 25, 2024
AI
The Hill, a 258-bed student housing community located at 3528 Gentian Blvd in Columbus, Georgia, has been sold for $7,080,000. The sale was facilitated by Transwestern Real Estate Services' National Student Housing team.
Summary of transaction details:
- Property Type: Student Housing
- Transaction Amount: $7,080,000
- Buyer: Kahuna Investments
- Brokers: Jon Kleinberg & Mike McGaughy - Transwestern
Jon Kleinberg and Mike McGaughy from Transwestern played key roles as brokers in the transaction. The Hill is a 258-bed student housing community that was successfully sold in Columbus, Georgia.
Players
Columbus Student Housing Market Snapshot
Boundary boundary · Student Housing · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.24%
Cash-on-Cash
-0.64%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93