Milledgeville, GA 31061
Columbia, MO 65201
Columbia, MO 65201
Conway, AR 72034
Huntsville, TX 77340
Kennesaw, GA 30144
Lawrence, KS 66046
The Cushman & Wakefield Florida Multifamily Advisory Group is pleased to present the 312-unit student housing conversion opportunity located in Gainesville, Florida.
Gainesville, FL 32607
Columbia, MO 65203
Norman, OK 73072
Norman, OK 73072
• 226 Class A student housing apartment units (608 beds) in three of the five buildings
• 42,225 of Class A medical/clinical office space in one, 2-story office building
• 34,916 SF of retail space: 4,500 SF in a free-standing building and 30,416 on the first floor of one of the three student apartment buildings
• 13.86 total acres and 906 total parking spaces
In addition to the five buildings, the opportunity includes development rights for approximately 3.7 acres that adjoin University Station. Details included in the ground lease summary located in the appendix.
1. COMPETITIVE ADVANTAGE
University Station is the only fully amenitized, purpose-built student housing community serving Xavier students. With high-end finishes, including granite counter tops and stainless-steel appliances, in-unit laundry and separate bedrooms and bathrooms, University Station is also the only Class A student housing complex serving the student population. The asset is newly constructed with Phase I developed in 2014 and Phase II constructed in 2020. Current amenities include swimming pool, study areas, workout facility, game room and theatre room.
Student Housing is pre-leased at 70% as of January 2023 for the 2023/24 school year which is significantly above the preceding school year (54%).
3 HIGH QUALITY OFFICE TENANCY
With TriHealth, an A+ rated health system, and CTI Clinical Trial and Consulting Services, a globally recognized Contract Research Organization, the office tenancy provides secure and stable cash flow.
4. VALUE CREATION
New ownership will be able to significantly upgrade the ‘curb appeal’ of the student housing apartments by upgrading the existing facilities and adding additional amenities. There is also the opportunity to add value through the lease up of vacancy within the retail component of the asset, which is anchored by the Xavier University Bookstore and Starbucks.
5. EXCELLENT LOCATION
University Station is seamlessly integrated with Xavier University’s campus, providing students with immediate access to all the University’s educational facilities. Xavier currently has its "All for One Shop" Bookstore in one of University Station’s retail suites and Xavier recently opened its Health United Building, an on-campus health and wellness facility located across the street from University Station.
Cincinnati, OH 45212
Cushman & Wakefield is pleased to present the exclusive listing of The Worcester Portfolio located in the coveted Elm Park neighborhood of Worcester, MA. The portfolio, an irreplaceable collection of nine (9) former mansions, is configured for short-term rental and dormitory use. The buildings are 100% leased to a local university through July 2029.
The portfolio consists of 262 beds across 122 bedrooms in the 9 buildings, with a mixture of shared and private bathrooms and common facilities. Substantially renovated in 2021/2022, and exceptionally located in the heart of Worcester, the Worcester Portfolio is a rare investment opportunity that offers attractive and secure cash flow and significant long-term upside. The portfolio is offered for sale with an asking price of $19,700,000, equating to 7.0% cap rate on the in-place income.
Worcester, MA 01609