DeKalb Student Housing Sells For $7.7M With Buyer's Rep CJ McCann & Seller's Rep Triad Real Estate Partners
1315 West Lincoln Highway, DeKalb, IL, USA
$7,700,000
$81/SF
Building Size
94,961 SF
Asset Type
Other
Closing
Nov 30, 2020
About this deal
AI
The student housing property located at 1315 W. Lincoln Highway in DeKalb was recently sold for $7,700,000. The transaction took place on 12/01/2020. The property consists of 120 units, resulting in a price per unit of $64,167. The sale of this property was facilitated by Triad Real Estate Partners, representing the seller, Hunter Management. The buyer was represented by CJ McCann of KW Commercial.
Summary of transaction details
- Property Type: Student Housing
- Transaction Amount: $7,700,000
- Units: 120
- Price Per Unit: $64,167
- Seller: Hunter Management
- Seller's Representative: Triad Real Estate Partners
- Buyer's Representative: CJ McCann - KW Commercial
- Market: DeKalb
- Date: 12/01/2020
CJ McCann, from KW Commercial, represented the buyer in this transaction. They played a key role in facilitating and negotiating the deal. The involvement of these industry professionals highlights the collaborative efforts that led to the successful sale of the student housing property on W. Lincoln Highway in DeKalb.
Players
Dekalb Other Market Snapshot
Boundary boundary · Other · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.06%
Cash-on-Cash
-0.59%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93