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1315 West Lincoln Highway, ...

Updated Oct 29, 2024

DeKalb Student Housing Sells For $7.7M With Buyer's Rep CJ McCann & Seller's Rep Triad Real Estate Partners
SOLDOther

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

CJ McCann

Broker

$7.7M

vol

1 deal

Broker

Dekalb Other Market Snapshot

Boundary boundary · Other · Sale transactions

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Deal FAQ

About $81 per square foot on a published $7.7M for 94,961 square feet (2020).

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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

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