307 Stockton Fee DST
307 Stockton Fee DST is a 150-unit multifamily trust offering located in Richmond, VA, requiring $18,949,297 in equity alongside $18,950,000 in mortgage debt. Target Year 1 distribution is 4.25%, with full-term projected average distribution at 4.13%.
Offering price
$60.0M
Price / unit
$240,000
Units
250
Property age
12 yrs
Year-one distribution of 6.25% stepping to 7.20% by year seven.
The property
$23,000,000 acquisition price
307 Stockton Fee DST
multifamily residential property
The South Bank Apartments property was built in 1915.
307 Stockton Street, Richmond, Virginia
307 Stockton Street, Richmond, Virginia
$23,000,000
100.0% of portfolio
Mercer Street
Multifamily residential property
307 Stockton Street, Richmond, Virginia
150
The South Bank Apartments property was built in 1915.
$37,899,297
$18,950,000
$18,949,297
50%
4.25%
4.13%
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