Updated Dec 4, 2024
Global Real Estate Advisors (GREA) Sells Pennsylvania Student Housing For $21.3M
$21,325,000
$21,325,000/SF
Building Size
1 SF
Asset Type
Student Housing
Closing
Apr 21, 2023
About this deal
AI
The recently closed property transaction in Pennsylvania involved a student housing asset. The property was sold for a total price of $21,325,000. It consists of 799 beds, resulting in a price per bed (PPB) of $26,689. The deal was facilitated by Kenneth (Ken) Wellar of Global Real Estate Advisors (GREA) acting as the broker.
Summary of transaction details:
- Property Type: Student Housing
- Transaction Amount: $21,325,000
- Beds: 799
- Price per Bed (PPB): $26,689
In addition to the transaction specifics, the property is located near prominent universities, including Bloomsburg University, Temple University, and Slippery Rock University.
Market Student Housing Market Snapshot
Boundary boundary · Student Housing · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.74%
Cash-on-Cash
-0.21%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93