Global Real Estate Advisors Acquires Student Housing Asset In Carrollton For $22.8M
$22,810,000
$74/SF
Building Size
306,288 SF
Asset Type
Student Housing
Closing
May 24, 2023
AI
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.
Players
Market 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
0.70%
Cash-on-Cash
-0.20%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93