Woodridge Capital, Ares Management Corporation, & Timberline Real Estate Ventures Sell Student Housing In College Station
1501 Northpoint Lane, College Station, TX, USA
Building Size
53,830 SF
Asset Type
Other
Closing
Dec 22, 2020
AI
Woodridge Capital, Ares Management Corporation, and Timberline Real Estate Ventures have sold a student housing property located at 1501 Northpoint Lane in College Station. The transaction took place on December 23, 2020. The property consists of 627 units and is situated in the College Station market.
Summary of transaction details
- Property Type: Student Housing
- Transaction Amount: Not available
- Address: 1501 Northpoint Lane, College Station
- Market: College Station
- Units: 627
The sale of this student housing property was facilitated by Ryan Lang and Jack Brett of Newmark, representing the sellers Woodridge Capital, Ares Management Corporation, and Timberline Real Estate Ventures.
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