Mountain Capital Partners Acquires Student Housing In College Station From Blue Vista
1350 Harvey Mitchell Parkway South, College Station, TX, USA
Building Size
1,865 SF
Asset Type
Other
Closing
Apr 25, 2020
AI
The student housing property located at 1300 & 1350 Harvey Mitchell Pkwy S in College Station has been sold in a recent transaction. The sale took place on April 25, 2021. The property consists of 350 units and is situated in the College Station market.
Summary of transaction details
- Property Type: Student Housing
- Transaction Amount: Not specified in the provided information
- Address: 1300 & 1350 Harvey Mitchell Pkwy S, College Station
- Market: College Station
- Units: 350
The seller of the property is Blue Vista, represented by Robert G. Byron and Peter Stelian. On the other hand, Mountain Capital Partners, represented by James H. Coleman, acted as the buyer in this transaction. The deal was facilitated by brokers Ryan Lang and Jack Brett from Newmark.
Players
College Station Other Market Snapshot
Boundary boundary · Other · 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