Asking Price Contact for pricing
Sq. Footage 67,200
NOI Net Operating Income N/A
Cap Rate N/A

Attributes

Year Built 2017
Lot Size 120,661.2 HECTARES

Property Description

Arrive 850, a Class A 35-unit, 140-bed townhome-style student housing asset for sale. Constructed in 2017, the property is the newest townhome-only student housing development in the area with large, luxurious floor plans. Prominently located along West Pensacola Street, a collegiate thoroughfare with lots of amenities and just less than a half mile away from Florida State University. Strategically located in a student-friendly, walkable environment with over 90 restaurants and 3 grocery stores within 1 mile. Less than 500 feet from FSU bus stops which provide easy access to campus.

Investment Highlights

  • 100% ownership fee simple interest
  • Forecasted 95.9% occupancy and 3.2% rent growth through 2021
  • FSU is projected to add 2,428 students in the next 2 years
Matt Wilcox
Matt Wilcox
Managing Director, Captl Mkts
Jubeen Vaghefi
Jubeen Vaghefi
Managing Director, Captl Mkts

JLL  financing

JLL can help you finance and manage your portfolio.
Email us today to see how we can help achieve your ambitions.