Alexandra Capital Acquires Student Housing In Philadelphia For $23.5M
1000 Diamond St, Philadelphia, Pennsylvania 19122, United States
$23,500,000
$195/SF
Building Size
120,000 SF
Asset Type
—
Closing
May 19, 2022
AI
The student housing property located at 1000 Diamond St in Philadelphia, PA has been sold for a total of $23,500,000. The transaction took place on 05/20/2022. The property was acquired by Alexandra Capital from Orens Brothers Real Estate.
Summary of transaction details
- Property Type: Student Housing
- Transaction Amount: $23,500,000
- Address: 1000 Diamond St, Philadelphia, PA
- Market: Philadelphia, PA
The deal was facilitated by the brokers Ken Wellar, Douglas Sitt, Corey Lonberger, and Mark Duszak of Rittenhouse Realty Advisors. They played a key role in representing both the buyer, Alexandra Capital, and the seller, Orens Brothers Real Estate, during the transaction.
Players
Philadelphia CRE Market Snapshot
Boundary boundary · CRE · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.68%
Cash-on-Cash
-0.19%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93