B4 · b4 2 bed | 2 bath | 1,213 sf l kitchen balcony bedroom 13’11”x11’1” ...
FOR SALE Student Housing Package - LoopNet · •The portfolio has (2) 5 bedroom-2.5 bath 2,390 SF...
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Student Housing Package 2901 & 2905 E. Blacklidge, Tucson, AZ 85716 2912 & 2916 E. Presidio, Tucson, AZ 85716 FOR SALE Independently Owned and Operated / A Member of the Cushman & Wakefield Alliance Cushman & Wakefield Copyright 2018. No warranty or representation, express or implied, is made to the accuracy or completeness of the information contained herein, and same is submitted subject to errors, omissions, change of price, rental or other conditions, withdrawal without notice, and to any special listing conditions imposed by the property owner(s). As applicable, we make no representation as to the condition of the property (or properties) in question. Property Highlights • The Blacklidge & Presidio portfolio are luxury student housing developments consisting of 32 total bedrooms across six 2-story individual houses. • The portfolio has (2) 5 bedroom-2.5 bath 2,390 SF house, (2) 6 bedroom-3 bath 2,271 SF houses and (2) 5 bedroom- 2 bath 1,737 SF. • Located a few blocks form La Madera Park, east of Tucson Blvd and north of Glenn St (University bus route with a bike lane). • Campbell Plaza is two blocks to the west on Campbell Ave and Glenn St. The plaza includes Albertsons, Ace Hardware, Ross, Five Guy’s Burgers, Panda Express, Rubios’, Jamba Juice, Old Chicago Pizza, T-Mobile, Sauce, etc. • This house comes with plenty of off street parking. Your best home ever in a great student community to live out your college years. Allan Mendelsberg, Principal Multifamily & Investment Sales +1 520 546 2721 [email protected] Daniel Leibsohn Multifamily & Investment Sales +1 520 546 2740 [email protected] PICOR Commercial Real Estate Services 5151 E. Broadway Blvd, Suite 115 Tucson, Arizona 85711 phone: +1 520 748 7100 picor.com Property Features Sale Price $1,820,000 Price per Bed $56,876 Number of Bedrooms 32 Rentable Square Feet 12,796 CAP Rate 6.84%
Transcript of FOR SALE Student Housing Package - LoopNet · •The portfolio has (2) 5 bedroom-2.5 bath 2,390 SF...
Student Housing Package 2901 & 2905 E. Blacklidge, Tucson, AZ 85716
2912 & 2916 E. Presidio, Tucson, AZ 85716
FOR SALE
Independently Owned and Operated / A Member of the Cushman & Wakefield Alliance Cushman & Wakefield Copyright 2018. No warranty or representation, express or implied, is made to the accuracy or completeness of the information contained herein, and same is submitted subject to errors, omissions, change of price, rental or other conditions, withdrawal without notice, and to any special listing conditions imposed by the property owner(s). As applicable, we make no representation as to the condition of the property (or properties) in question.
5,000 SF Class A Office Space
Sale price: $x
Property Highlights
• The Blacklidge & Presidio portfolio are luxury student
housing developments consisting of 32 total bedrooms
across six 2-story individual houses.
• The portfolio has (2) 5 bedroom-2.5 bath 2,390 SF house,
(2) 6 bedroom-3 bath 2,271 SF houses and (2) 5 bedroom-
2 bath 1,737 SF.
• Located a few blocks form La Madera Park, east of Tucson
Blvd and north of Glenn St (University bus route with a
bike lane).
• Campbell Plaza is two blocks to the west on Campbell Ave
and Glenn St. The plaza includes Albertsons, Ace
Hardware, Ross, Five Guy’s Burgers, Panda Express,
Rubios’, Jamba Juice, Old Chicago Pizza, T-Mobile,
Sauce, etc.
• This house comes with plenty of off street parking. Your
best home ever in a great student community to live out
your college years.
Area Amenities
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Allan Mendelsberg, Principal
Multifamily & Investment Sales
+1 520 546 2721
Daniel Leibsohn
Multifamily & Investment Sales
+1 520 546 2740
PICOR Commercial Real Estate Services
5151 E. Broadway Blvd, Suite 115
Tucson, Arizona 85711 phone: +1 520 748 7100
picor.com
Property Features
Sale Price $1,820,000
Price per Bed $56,876
Number of Bedrooms 32
Rentable Square Feet 12,796
CAP Rate 6.84%
Student Housing Package 2901 & 2905 E. Blacklidge, Tucson, AZ 85716
2912 & 2916 E. Presidio, Tucson, AZ 85716
FOR SALE
Independently Owned and Operated / A Member of the Cushman & Wakefield Alliance Cushman & Wakefield Copyright 2018. No warranty or representation, express or implied, is made to the accuracy or completeness of the information contained herein, and same is submitted subject to errors, omissions, change of price, rental or other conditions, withdrawal without notice, and to any special listing conditions imposed by the property owner(s). As applicable, we make no representation as to the condition of the property (or properties) in question.
SUBJECT
Downtown
Tucson
MULTI-FAMILY
Student Housing Package 2901 & 2905 E. Blacklidge, Tucson, AZ 85716
2912 & 2916 E. Presidio, Tucson, AZ 85716
FOR SALE
Independently Owned and Operated / A Member of the Cushman & Wakefield Alliance Cushman & Wakefield Copyright 2018. No warranty or representation, express or implied, is made to the accuracy or completeness of the information contained herein, and same is submitted subject to errors, omissions, change of price, rental or other conditions, withdrawal without notice, and to any special listing conditions imposed by the property owner(s). As applicable, we make no representation as to the condition of the property (or properties) in question.
ProForma
INCOME STATEMENT MARKETING
PROFORMA
PROFORMA
PER UNIT
PROFORMA
PSF
2017/18 SY
ANNUALIZED
RENTAL INCOME
Gross Potential Rents $187,752 $5,867 $14.67
Vacancy ($11,265) -6.00% ($0.88)
Gross Rent $176,487 $5,515 $13.79
Other Income $5,500 $172 $0.43 $7,017
Utility Reimbursement $28,479 $890 $2.23 $28,479
Net Rental Income $210,466 $6,577 $16.45 $211,776
TOTAL INCOME $210,466 $6,577 $16.45 $211,776
OPERATING EXPENSES
Marketing & Promotion $2,000 $63 $0.16 $4,187
Repairs, Maintenance $8,000 $250 $0.63 $10,573
General & Admin $1,280 $40 $0.10 $1,926
Utilities $32,250 $1,008 $2.52 $31,844
Turnover $5,600 $175 $0.44 $5,898
TOTAL VARIABLE $49,130 $1,535 $3.84 $54,428
Property Taxes $19,521 $610 $1.53 $19,521
Property Insurance $2,601 $81 $0.20 $2,601
Management Fee $14,733 7.00% $1.15
Reserves $1,800 $56 $0.14
TOTAL EXPENSES $85,985 $2,687 $6.72 $76,550
NET OPERATING INCOME $124,481 $135,226
STABILIZED MARKET
VALUATION
Value $1,820,000
Per Unit $303,333
Per Bed $56,876
Per Sq. Ft. $142.23
Cap Rate
Mktg Proforma 6.84%
TYPE # OF UNITS SQ. FT. TOTAL S.F. RENT PER S.F. 2017/2018 SCHOOL
YEAR
5 BD/ 2.5 BA 2 2,390 4,780 $1.05 $2,515
6 BD/ 3 BA 2 2,271 4,542 $1.29 $2,928
5 BD/ 2 BA 2 1,737 3,474 $1.37 $2,380
TOTAL/AVG. 32 2,133 12,796 $1.15 $15,646
MULTI-FAMILY
Student Housing Package 2901 & 2905 E. Blacklidge, Tucson, AZ 85716
2912 & 2916 E. Presidio, Tucson, AZ 85716
FOR SALE
Independently Owned and Operated / A Member of the Cushman & Wakefield Alliance Cushman & Wakefield Copyright 2018. No warranty or representation, express or implied, is made to the accuracy or completeness of the information contained herein, and same is submitted subject to errors, omissions, change of price, rental or other conditions, withdrawal without notice, and to any special listing conditions imposed by the property owner(s). As applicable, we make no representation as to the condition of the property (or properties) in question.
Floor Plan – 5-BD/2BA 1,737 SF MULTI-FAMILY
First Floor
Second Floor
Student Housing Package 2901 & 2905 E. Blacklidge, Tucson, AZ 85716
2912 & 2916 E. Presidio, Tucson, AZ 85716
FOR SALE
Independently Owned and Operated / A Member of the Cushman & Wakefield Alliance Cushman & Wakefield Copyright 2018. No warranty or representation, express or implied, is made to the accuracy or completeness of the information contained herein, and same is submitted subject to errors, omissions, change of price, rental or other conditions, withdrawal without notice, and to any special listing conditions imposed by the property owner(s). As applicable, we make no representation as to the condition of the property (or properties) in question.
Floor Plan – 5-BD/2.5BA 2,390 SF MULTI-FAMILY
First Floor Second Floor
Student Housing Package 2901 & 2905 E. Blacklidge, Tucson, AZ 85716
2912 & 2916 E. Presidio, Tucson, AZ 85716
FOR SALE
Independently Owned and Operated / A Member of the Cushman & Wakefield Alliance Cushman & Wakefield Copyright 2018. No warranty or representation, express or implied, is made to the accuracy or completeness of the information contained herein, and same is submitted subject to errors, omissions, change of price, rental or other conditions, withdrawal without notice, and to any special listing conditions imposed by the property owner(s). As applicable, we make no representation as to the condition of the property (or properties) in question.
Floor Plan – 6-BD/3BA 2,271 SF MULTI-FAMILY
Second Floor
First Floor
Student Housing Package 2901 & 2905 E. Blacklidge, Tucson, AZ 85716
2912 & 2916 E. Presidio, Tucson, AZ 85716
FOR SALE
Independently Owned and Operated / A Member of the Cushman & Wakefield Alliance Cushman & Wakefield Copyright 2018. No warranty or representation, express or implied, is made to the accuracy or completeness of the information contained herein, and same is submitted subject to errors, omissions, change of price, rental or other conditions, withdrawal without notice, and to any special listing conditions imposed by the property owner(s). As applicable, we make no representation as to the condition of the property (or properties) in question.
Features MULTI-FAMILY
Property Features
• 2 Full Baths w/Double Vanity Sinks
• 2 Levels
• Alarm System
• Architectural Polished Concrete Floor
• Balcony
• Built In Desks
• Built-In Niches
• Cox Advanced TV + HBO, On Demand & ROKU
• Dishwasher
• Frost-free Refrigerator with Icemaker
• Full Size Washer/Dryer
• Garbage Disposal
• High Ceilings w/ ceiling fans
• Individual Home
• Internet
• Large Spacious Floorplan
• Lighted Parking
• Microwave
• Mirrored Closet Doors
• Natural Stone Tile/Carpet
• No Security Deposit (O.A.C.)
• Pets Welcome
• Private, Fenced Yard
• Professionally Maintained Landscaping
• Prompt Maintenance
• Recessed Lighting
• Skylights
• Stainless Stove w/ Self Cleaning Oven
• Storage Closet Under Stairs
• Upper Deck
• Wall of windows in living/dining area
• Zoned Heating & A/C
Student Housing Package 2901 & 2905 E. Blacklidge, Tucson, AZ 85716
2912 & 2916 E. Presidio, Tucson, AZ 85716
FOR SALE
Independently Owned and Operated / A Member of the Cushman & Wakefield Alliance Cushman & Wakefield Copyright 2018. No warranty or representation, express or implied, is made to the accuracy or completeness of the information contained herein, and same is submitted subject to errors, omissions, change of price, rental or other conditions, withdrawal without notice, and to any special listing conditions imposed by the property owner(s). As applicable, we make no representation as to the condition of the property (or properties) in question.
Property Photos MULTI-FAMILY
Student Housing Package 2901 & 2905 E. Blacklidge, Tucson, AZ 85716
2912 & 2916 E. Presidio, Tucson, AZ 85716
FOR SALE
Independently Owned and Operated / A Member of the Cushman & Wakefield Alliance Cushman & Wakefield Copyright 2018. No warranty or representation, express or implied, is made to the accuracy or completeness of the information contained herein, and same is submitted subject to errors, omissions, change of price, rental or other conditions, withdrawal without notice, and to any special listing conditions imposed by the property owner(s). As applicable, we make no representation as to the condition of the property (or properties) in question.
Blacklidge & Presidio 2901 & 2905 E. Blacklidge
2912 & 2916 E. Presidio
Price $1,820,000
Price per Bed $56,875
Price per SF $142.23
Bedrooms 32
Size (SF) 12,796
Year Built 2011
Sale Date TBD S
3rd Avenue
Apartments
1055-1065 N.
3rd Avenue
Price $868,000
Price per Bed $86,800
Price per SF $249.86
Bedrooms 10
Size (SF) 3,474
Year Built 2009
Sale Date July 1, 2017
1
10th Street
Apartments
1304 E. 10th
Street
Price $825,000
Price per Bed $91,667
Price per SF $288.06
Bedrooms 9
Size (SF) 2,864
Year Built 2007
Sale Date June 15, 2017
Water Street
Homes
2550 E. Water
Street
Price $3,300,000
Price per Bed $73,333
Price per SF $212.44
Bedrooms 45
Size (SF) 15,534
Year Built 2014
Sale Date Sep.18, 2017
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Allan Mendelsberg, Principal
Multifamily & Investment Sales
+1 520 546 2721
PICOR Commercial Real Estate Services
5151 E. Broadway Blvd, Suite 115
Tucson, Arizona 85711 phone: +1 520 748 7100
picor.com
Daniel Leibsohn
Multifamily & Investment Sales
+1 520 546 2740
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