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Lofts@1633 1633 Monks Ave Immeuble residentiel 66 lots 6 746 894 € (102 226 €/Lot) Taux de capitalisation 7,15 % Mankato, MN 56001
Certaines informations ont été traduites automatiquement.
Informations principales sur l'investissement
- STRATEGIC LOCATION - Located one block from Minnesota State University, Mankato which has enrollment of over 14,000 Students.
- HISTORY OF 100% OCCUPANCY - 69 student housing beds have been fully occupied for the previous 5 rental seasons.
- RETAIL UPSIDE POTENTIAL - A new owner has the opportunity to create significant value by filling the existing retail vacancy.
- SIGNIFICANT STUDENT HOUSING RENT GROWTH - Lofts@1633 has averaged 9% annual compounding rent growth for the last 5 rental seasons.
- SERVICE-BASED RETAIL TENANCY - All retailers consist of service-based tenants that are resistant to e-commerce competition and market disruptions.
- MINNESOTA’S SECOND LARGEST UNIVERSITY - Mankato is home to Minnesota State University which has enrollment of over 14,000 Students.
Résumé analytique
The offering consists of a three-story mixed-use property with 12,327 square feet of main floor retail and 69 beds of student housing. The asset is strategically located one block from Minnesota State University Mankato. MSU is Minnesota’s second largest university with enrollment exceeding 14,000 students located on a 300+ acre campus. The city of Mankato is 80 miles south of Minneapolis and has a population of 45,000 residents.
Lofts@1633 has had a consistent track record of 100% occupancy throughout its 69 student housing beds. Student rents at Lofts@1633 have averaged 9% annual compounding growth for the last 5 rental seasons. The retail rent roll consists of a diverse mix of national, regional, and local service-based retailers. The majority of retail rents are significantly below new construction competition resulting in high tenant demand and strong occupancy fundamentals for a new owner.
This offering delivers stable in-place cash flow while also providing the opportunity for significant upside potential. An investor can realize this upside by filling the existing retail vacancy and capitalizing on the student housing rent growth that has been demonstrated with this asset. Value creation will be driven largely by the opportunity to increase cashflows and through the irreplaceable infill location less than one block from the MSU Campus.
Lofts@1633 has had a consistent track record of 100% occupancy throughout its 69 student housing beds. Student rents at Lofts@1633 have averaged 9% annual compounding growth for the last 5 rental seasons. The retail rent roll consists of a diverse mix of national, regional, and local service-based retailers. The majority of retail rents are significantly below new construction competition resulting in high tenant demand and strong occupancy fundamentals for a new owner.
This offering delivers stable in-place cash flow while also providing the opportunity for significant upside potential. An investor can realize this upside by filling the existing retail vacancy and capitalizing on the student housing rent growth that has been demonstrated with this asset. Value creation will be driven largely by the opportunity to increase cashflows and through the irreplaceable infill location less than one block from the MSU Campus.
Informations sur l’immeuble
| Prix | 6 746 894 € | Style d’appartement | De faible hauteur |
| Prix par lot | 102 226 € | Classe d’immeuble | A |
| Type de vente | Investissement | Surface du lot | 0,22 ha |
| Taux de capitalisation | 7,15 % | Surface de l’immeuble | 3 797 m² |
| Nb de lots | 66 | Nb d’étages | 3 |
| Type de bien | Immeuble residentiel | Année de construction | 2020 |
| Sous-type de bien | Appartement | Ratio de stationnement | 0,29/1 000 m² |
| Zonage | Commercial - Commercial | ||
| Prix | 6 746 894 € |
| Prix par lot | 102 226 € |
| Type de vente | Investissement |
| Taux de capitalisation | 7,15 % |
| Nb de lots | 66 |
| Type de bien | Immeuble residentiel |
| Sous-type de bien | Appartement |
| Style d’appartement | De faible hauteur |
| Classe d’immeuble | A |
| Surface du lot | 0,22 ha |
| Surface de l’immeuble | 3 797 m² |
| Nb d’étages | 3 |
| Année de construction | 2020 |
| Ratio de stationnement | 0,29/1 000 m² |
| Zonage | Commercial - Commercial |
Caractéristiques
Caractéristiques du lot
- Machine à laver/sèche-linge
- Planchers en bois
- Wi-Fi
- Îlot de cuisine
Caractéristiques du site
- Accès contrôlé
1 1
Assez praticable à pied
50/100
Très bien adapté aux voitures
80/100
Transports en commun relativement accessibles
40/100
Très praticable en vélo
80/100
Taxes foncières
| N° de parcelle | Évaluation des aménagements | 5 557 425 € | |
| Évaluation du terrain | 286 436 € | Évaluation totale | 5 843 862 € |
Taxes foncières
N° de parcelle
Évaluation du terrain
286 436 €
Évaluation des aménagements
5 557 425 €
Évaluation totale
5 843 862 €
1 sur 5
Vidéos
Visite extérieure 3D Matterport
Visite 3D
Photos
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Présenté par
Lofts@1633 | 1633 Monks Ave
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