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
About this deal
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
- Property Type: Student Housing
- Transaction Amount: Not disclosed
- Seller: Blue Vista Capital Management
- Brokers: Ryan Lang, Jack Brett, & Ben Harkrider - Newmark
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.
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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