Student Housing Portfolio 7 Properties Offered at $100,483,197 CAD in Chico, CA
INVESTMENT HIGHLIGHTS
- Seven assets for sale together
- All properties are walking distance to CSU, Chico
- Wide variety of floorplans, offering options for individuals or roommates
- 431 units distributed across seven properties
- Value-add opportunity; partially renovated units
EXECUTIVE SUMMARY
Marcus & Millichap is pleased to offer for sale, a four-property portfolio of seven apartment communities in the heart of Chico, California. The properties feature a variety of floorplans across 431 units plus a desirable collection of amenities to attract and retain residents.
Residents of the four properties enjoy thoughtful and appropriate floorplan, whether they intend to live alone or with roommates. The communities offer a welcome atmosphere while nestled in the tree-lined neighborhood around the school.
The Chico Apartment Portfolio is situated just steps away from California State University, Chico on one of the main thoroughfares in town. The properties are supported by the retail and transportation infrastructure that supports the university. To the east approximately 3 miles away is the major shopping development for Chico, including national retailers. A convenient drive along Hwy 32 or Hwy 99 to Yuba City, Sacramento, and Redding. Residents in this location enjoy the convenience of having education, employment, entertainment and shopping all with a small radius of the property plus the added benefit of being close to all of Chico's major attractions.
Please sign the confidentiality agreement at www.chicoaptportfolio.com, review the due diligence and marketing materials and then call the listing agents to schedule a tour.
Residents of the four properties enjoy thoughtful and appropriate floorplan, whether they intend to live alone or with roommates. The communities offer a welcome atmosphere while nestled in the tree-lined neighborhood around the school.
The Chico Apartment Portfolio is situated just steps away from California State University, Chico on one of the main thoroughfares in town. The properties are supported by the retail and transportation infrastructure that supports the university. To the east approximately 3 miles away is the major shopping development for Chico, including national retailers. A convenient drive along Hwy 32 or Hwy 99 to Yuba City, Sacramento, and Redding. Residents in this location enjoy the convenience of having education, employment, entertainment and shopping all with a small radius of the property plus the added benefit of being close to all of Chico's major attractions.
Please sign the confidentiality agreement at www.chicoaptportfolio.com, review the due diligence and marketing materials and then call the listing agents to schedule a tour.
PROPERTY FACTS
| Price | $100,483,197 CAD |
| Price / SF | $266.89 CAD / SF |
| Cap Rate | 5.72% |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 7 |
| Individually For Sale | 0 |
| Total Building Size | 376,492 SF |
| Total Land Area | 18.93 AC |
PROPERTIES
| PROPERTY NAME / ADDRESS | PROPERTY TYPE | SIZE | YEAR BUILT | INDIVIDUAL PRICE |
|---|---|---|---|---|
|
The Timbers
555 Nord Ave, Chico, CA 95926 |
57,600 SF | 1988 | - | |
|
Oakwood
828 Nord Ave, Chico, CA 95926 |
30,720 SF | 1988 | - | |
|
Birchwood
624 Nord Ave, Chico, CA 95926 |
34,560 SF | 1985 | - | |
|
Brentwood
712 Nord Ave, Chico, CA 95926 |
17,280 SF | 1988 | - | |
|
Timber Creek
1253 W 5th St, Chico, CA 95928 |
133,120 SF | 1976 | - | |
|
Village at the Timbers
725 Nord Ave, Chico, CA 95926 |
75,084 SF | 1970 | - | |
|
Hidden Oaks Apartments
650 Hickory St, Chico, CA 95928 |
28,128 SF | 2001 | - |
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