Homestead U Acquires Student Housing In College Station On Holleman Dr S
3055 Holleman Drive South, College Station, Texas 77845, United States
Building Size
213,114 SF
Asset Type
—
Closing
Mar 23, 2022
About this deal
AI
The property involved in this closed transaction is located at 3055 Holleman Dr S in College Station. It is a student housing asset with a total of 797 beds and spans across 27 acres. The transaction took place on March 24, 2022.
Summary of transaction details:
- Property Type: Student Housing
- Transaction Amount: Not specified
- Address: 3055 Holleman Dr S
- Market: College Station
- Beds: 797
- Acres: 27
The buyer in this transaction was Homestead U, represented by Laura Formica.
Traded’s record for 3055 Holleman Drive South, College Station, Texas 77845, United States in College Station, Texas covers a commercial sale from 2022. The building is 213,114 square feet, implying about 0 per square foot on the published price. This page is the College Station, Texas file for the 3055 Holleman Drive South, College Station, Texas 77845, United States commercial sold: pricing, party profiles, and other closed commercial comps from the same College Station sit in the Market section below. Filter that College Station commercial set by closing date to see what else sold near 3055 Holleman Drive South, College Station, Texas 77845, United States around 2022. Cite this Homestead U Acquires Student Housing In College Station On Holleman Dr S sale when underwriting similar commercial product around College Station, Texas.
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College Station CRE Market Snapshot
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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