TITLE:
UIUC Student Housing LP Opportunity
CONTROL:
Owner
VALUE:
$30,770,000
LOAN:
$20,500,000
EQUITY:
$10,270,000
TYPE:
Development
HAVE:
Excellent location 1.5 blocks from Engineering School, 1.5 blocks from the main student retail corridor, 2 blocks from the largest campus grocery story, luxury finishes and amenities, superb residential and property management team.
WEBSITE URL:
ADDRESS:
505 S Fifth Street, Champaign, Illinois
BENEFITS TO NEW OWNER:
3-5 year hold, over 7% YOC, ability to make returns at 200% of investment. Quarterly proceeds and reporting.
GROSS SCHEDULED INCOME:
$3,991,117 Projected
VACANCY LOSS:
$183,929
GROSS EFFECTIVE INCOME:
$3,807,188
EXPENSES:
$1,494,143
NOI:
$2,313,045
DEBT SERVICE:
$1,284,712
CASH FLOW:
$1,028,333
CAP RATE:
7.52%
BENEFITS SOUGHT:
LP equity partners to develop class A student housing with successful 50-year family office, specialized in student housing operations, development and construction.
CAN ADD:
Revenue, opportunity for expansion, 'recession-proof' investment opportunities
REMARKS:
sfletcher@hartmancapllc.com
COUNSELOR:
Shannan Fletcher
Hartman Capital
616 E Green St Ste 203
Champaign, Illinois, 61820
Phone: 2177999393
