SOLD
TEXLA Housing Partners & Crow Holdings Capital Acquire Student Housing In College Station With Buyer's Rep Jeyton McNair & Greg Jasper - Stafford Barrett
2200 Cottage Lane, College Station, TX 77845
Building Size
—
Asset Type
—
Closing
Jan 30, 2022
About this deal
AI
The property at 2200 Cottage Ln in College Station was recently sold as a student housing asset. The sale took place on January 30, 2022, and the transaction involved a total of 792 beds.
Summary of transaction details
- Property Type: Student Housing
- Transaction Amount: Not specified
- Address: 2200 Cottage Ln, College Station
- Market: College Station
- Asset Type: Student Housing
- Beds: 792
The buyers in this transaction were TEXLA Housing Partners and Crow Holdings Capital. Representing the buyers were Jeyton McNair and Greg Jasper from Stafford Barrett.
On the Map
Players
College Station 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