Global Real Estate Advisors Acquires Student Housing Asset In Carrollton For $22.8M
SOLD
$22,810,000
+ 1
Georgia
See Similar DealsStudent Housing306,288 SF
Sold 05/24/2023
SOLD
Global Real Estate Advisors Acquires Student Housing Asset In Carrollton For $22.8M
Student Housing306,288 SF
Sold 05/24/2023
+ 1
Summary
GEORGIA
Asset Type:Student Housing
Price Per Square Foot:$74
Total Square Footage:306,288 SF
Transaction Type:Sale
A student housing property in Carrollton has been sold for a price of $22,810,000. The property spans over 306,288 square feet, resulting in a price per square foot of $74. The transaction took place on May 24, 2023.
Summary of transaction details:
- Property Type: Student Housing
- Transaction Amount: $22,810,000
- Property Size: 306,288 square feet
- Price Per Square Foot: $74
- Market: Carrollton
The deal was facilitated by Global Real Estate Advisors, with Kenneth (Ken) Wellar, Taylor Brown, Cory Caroline Sams, and Chandler Brown representing the buyer and/or seller.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$1,216,533.33
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$81,039.11
Cash-on-Cash Return-1.27%
Monthly Debt Service$108,131.04
Annual Debt Service$1,297,572.45
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