Waterway Family Funds Acquires Student Housing In Waco From Newsome Development And Investments
1722 South 11th Street, Waco, Texas 76706, United States
Building Size
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Asset Type
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Closing
Apr 17, 2023
AI
The property at 1722 South 11th St in Waco has been sold as a student housing asset. The property consists of 134 beds and 45 units, catering specifically to the student population.
Summary of transaction details
- Property Type: Student Housing
- Transaction Amount: N/A
- Address: 1722 South 11th St
- Market: Waco
- Beds: 134
- Units: 45
The buyer of the property is Waterway Family Funds, represented by Jeremy Pemberton. Waterway Family Funds has acquired the property from the seller, Newsome Development and Investments. The sale was facilitated by Teddy Leatherman, Stewart Hayes, and Scott Clifton from JLL Capital Markets.
Players
Waco CRE Market Snapshot
Boundary boundary · CRE · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93