|Lot Size||120,661.2 HECTARES|
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.
- 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