Productive Capital Associates Acquires Student Housing In Waco With Reps Danny Wieland & Paul Yazbeck
215 Washington Avenue, Waco, Texas 76701, United States
Units
106
Asset Type
—
Closing
Jun 2, 2022
About this deal
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).
Traded’s record for 215 Washington Avenue, Waco, Texas 76701, United States in Waco, Texas covers a commercial sale from 2022. Reported inventory is 106 units across 106 units. Danny Wieland, Paul Yazbeck, The Multifamily Group appear on the sale alongside The Multifamily Group. This page is the Waco, Texas file for the 215 Washington Avenue, Waco, Texas 76701, United States commercial sold: pricing, party profiles, and other closed commercial comps from the same Waco sit in the Market section below. Filter that Waco commercial set by closing date to see what else sold near 215 Washington Avenue, Waco, Texas 76701, United States around 2022. Cite this Productive Capital Associates Acquires Student Housing In Waco With Reps Danny Wieland & Paul Yazbeck sale when underwriting similar commercial product around Waco, Texas.
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