Alexandra Capital Acquires Student Housing In Philadelphia For $23.5M
SOLD
$23,500,000
+ 1
Pennsylvania
See Similar Deals120,000 SF
Sold
SOLD
Alexandra Capital Acquires Student Housing In Philadelphia For $23.5M
1000 Diamond St, Philadelphia, Pennsylvania 19122, United States
See Similar Deals120,000 SF
Sold
+ 1
Summary
PENNSYLVANIA
Price Per Square Foot:$195
Total Square Footage:120000 SF
Transaction Type:Sale
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
SELLER
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$1,253,333.33
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$83,490.54
Cash-on-Cash Return-1.27%
Monthly Debt Service$111,401.99
Annual Debt Service$1,336,823.87
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