Productive Capital Associates Acquires Student Housing In Waco With Reps Danny Wieland & Paul Yazbeck
215 Washington Avenue, Waco, Texas 76701, United States
Building Size
—
Asset Type
—
Closing
Jun 2, 2022
AI
A student housing property located at 215 Washington Ave in Waco has been sold. The property, spanning 2.72 acres, consists of 106 units with a total of 374 beds. The transaction was completed on 06/03/2022.
Summary of transation details
- Property Type: Student Housing
- Transaction Amount: Not specified
- Units: 106
- Beds: 374
- Acres: 2.72
The buyer of the property is Productive Capital Associates. The deal was facilitated by brokers Danny Wieland and Paul Yazbeck from The Multifamily Group (TMG).
Players
Waco 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
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93