Located in beautiful northern California, off the market, student housing is harder to find & buy as the lottery is to win. This class asset is located at uc Merced.
purchase price per seller of $142,000,000 plus the buyer paid 3% real estate commission needed
2980 E Yosemite Ave
Merced, ca 95340
Merced station · multifamily property for sale
2980 E Yosemite Ave., Merced, CA, for sale 697c085a-86e1-4432-b2a5-9ca73e618c83-image 1 of 1
investment highlights
brand new 2022 construction | class-a student housing | 270 units | 885 beds | 17.25 acres | (15) 3-story buildings14,500 sf state-of-the-art clubhouse | 100% projected occupancy by end of august 2022only designated student housing for fast-growing campus | within 130 miles of 3 major metros | 8.4 residents | minutes from uc Merced
closest class asset to University of California | trophy asset includes numerous first-class amenities (electric meters and utility rubbles start 2023 (noi increase) | only purpose-built student housing asset serving University of California-Merced private 5-day/week shuttle | 4 minutes to UC Merced front gate | uc Merced experienced 73% enrollment growth in 10 years
PROPERTY FACTS
No. Units 270 UNITS/885 BEDS
Property Type Multifamily/Student Housing
Property Subtype Student Apartments
Apartment Style Garden Apartments
Building Class A+
Lot Size 14.18 AC
Building Size 407,435 SF
No. Stories 3
Year Built 2022
PROPERTY HIGHLIGHTS:
UNIT AMENITIES
Air Conditioning
Balcony
Cable Ready
Dishwasher
Disposal
Microwave
Kitchen
Granite Countertops
Hardwood Floors
High Speed Internet Access
Refrigerator
Oven
Stainless Steel Appliances
Tub/Shower
Walk-In Closets
Wi-Fi
SITE AMENITIES:
24 Hour Access
Controlled Access
Clubhouse
Courtyard
Fitness Center
Laundry Facilities
Picnic Area
Pool
Property Manager on Site
Gated
Basketball Court
Dry Cleaning Service
Furnished Units Available
Gameroom
Grill
Gas Rang
UNIT MIX INFORMATION
2+2
No. Units 180
Avg. Rent/Mo -
SF -
3+3
No. Units 15
Avg. Rent/Mo -
SF -
4+4
No. Units 75
Avg. Rent/Mo -
SF -
PROPERTY TAXES
Parcel Number
008-010-071
Land Assessment
$4,929,962
Improvements Assessment
$136,408,000
Total Assessment
$141,337,962
Price $142,000,000 + 3% Buyers Paid Commission
With $78,000,000 assumable loan. Details of the
assumable loan will only be made from the seller to the buyer in full details in due diligence.
15 bldgs
3 story
