SOLD
Global Student Accommodation Acquires 796-Bed Student Housing In Austin From LV Collective
2400 Seton Avenue, Austin, Texas 78705, United States
Building Size
—
Asset Type
—
Closing
Aug 4, 2022
About this deal
AI
Global Student Accommodation (GSA) has acquired a student housing property located at 2400 Seton Ave in Austin. The transaction was completed on August 5, 2022. The property, which is classified as a student housing asset, offers a total of 796 beds.
Summary of transation details
- Property Type: Student Housing
- Transaction Amount: Not specified in the CONTEXT
- Address: 2400 Seton Ave
- Market: Austin
- Buyer: Global Student Accommodation (GSA)
- Seller: LV Collective - David Kanne
The acquisition of the student housing property by GSA was facilitated by LV Collective's representative, David Kanne.
On the Map
Players
Austin CRE Market Snapshot
Boundary boundary · CRE · Sale transactions
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Deal FAQ
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