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2818 Place Apartments, Harv...

Blue Vista Capital Management Sells Student Housing In College Station For $Undisclosed
SOLDOther

Blue Vista Capital Management Sells Student Housing In College Station For $Undisclosed

2818 Place Apartments, Harvey Mitchell Parkway South, College Station, TX, USA

Building Size

1,016,255 SF

Asset Type

Other

Closing

Apr 21, 2020

AI

A student housing property located at 2818 Place and Parkway Place in College Station has been sold. The transaction took place on 04/21/2021. The property consists of 350 units, making it a substantial investment opportunity in the College Station market.

Summary of transaction details

The seller, Blue Vista Capital Management, facilitated the deal for the student housing property. Acting as the brokers for this transaction were Ryan Lang, Jack Brett, and Ben Harkrider from Newmark. Their expertise and negotiation skills played a vital role in the successful completion of the sale.

Players

Ryan Lang

Newmark

Broker

$182.9M

vol

10 deals

Broker
Blue Vista Capital Management
Blue Vista Capital ManagementSeller

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