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1350 Harvey Mitchell Parkwa...

Mountain Capital Partners Acquires Student Housing In College Station From Blue Vista
SOLDOther

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

Ryan Lang

Newmark

Broker

$182.9M

vol

10 deals

Broker
James H. Coleman

James H. Coleman

Mountain Capital Partners

Buyer

2 deals

Buyer

Peter Stelian

Seller

$57.6M

vol

4 deals

Seller

College Station Other Market Snapshot

Boundary boundary · Other · 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