Axonic Properties Acquires Student Housing In Houston, TX From DMG
5500 Sampson Street
Building Size
170,000 SF
Asset Type
Student Housing
Closing
Nov 1, 2022
AI
Jonathan Shechtman, Brian Kennedy, Matt Chase, and Chris Epp are pictured in the image attached to this article, which pertains to a recent sale that took place in Houston, TX. The property in question is located at 5500 Sampson St and is classified as student housing, with a total square footage of 170,000.
Summary of transation details
- Property Type: Student Housing
- Transaction Amount: Not specified
- Address: 5500 Sampson St
- Market: Houston, TX
- Buyer: Axonic Properties - Jonathan Shechtman & Brian Kennedy
- Seller: DMG
- Brokers: Matt Chase & Chris Epp - Walker & Dunlop
Axonic Properties, represented by Jonathan Shechtman and Brian Kennedy, acquired the student housing property located at 5500 Sampson St. The sale was facilitated by brokers Matt Chase and Chris Epp from Walker & Dunlop, representing the seller DMG.
Players
Houston Student Housing Market Snapshot
Boundary boundary · Student Housing · 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