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Student Housing

The Commons Portfolio

153 E University Blvd, Melbourne, FL 32901

Listing Price: Request For Offer

Number of Units
277
Occupancy
98.0%
Gross SF
128,593

Investment Overview

Marcus & Millichap is pleased to offer The Commons Portfolio in Melbourne, FL to qualified investors. The Commons Portfolio consists of University Commons & Melbourne Commons which makes up 277 student housing beds.

Investment Highlights

  • Class-A, 277-Bed Student Housing Portfolio located in Melbourne, FL
  • Directly Adjacent to Florida Institute of Technology, The Only Private Tech College in the Southeast United States
  • High Barriers To Entry Market, where all other Student Housing Is University Owned
  • Based on Market Comparables, University & Melbourne Commons offers Investors the ability to increase rental rates by $87/Bed/Month on new leases
  • High End Interior Finishes Include Granite Countertops, Stainless Steel Appliances, Dark Stained Shaker Style Cabinets, Hardwood Style Floors, and Drop-Down Lighting
  • Unit Amenities include Washer/Dryer Appliances, Fully Furnished Living Room & Dining Area, Internet, Security System Ready, and Private Bedrooms/Bathrooms
  • Servicing Florida Institute of Technology, a Private, Fully-Accredited, Institution Focusing on Higher Learning STEM and Research
  • Many Students Obtain Jobs and Internships with Major Employers such as Northrop Grumman, L3 Harris Technologies, SpaceX, and NASA Through Strategic Partnerships

Exclusively Listed By

Financing By

Student Housing

The Commons Portfolio

Listing Price: Request For Offer

Number of Units
277
Occupancy
98.0%
Gross SF
128,593

Investment Highlights

  • Class-A, 277-Bed Student Housing Portfolio located in Melbourne, FL
  • Directly Adjacent to Florida Institute of Technology, The Only Private Tech College in the Southeast United States
  • High Barriers To Entry Market, where all other Student Housing Is University Owned
  • Based on Market Comparables, University & Melbourne Commons offers Investors the ability to increase rental rates by $87/Bed/Month on new leases
  • High End Interior Finishes Include Granite Countertops, Stainless Steel Appliances, Dark Stained Shaker Style Cabinets, Hardwood Style Floors, and Drop-Down Lighting
  • Unit Amenities include Washer/Dryer Appliances, Fully Furnished Living Room & Dining Area, Internet, Security System Ready, and Private Bedrooms/Bathrooms
  • Servicing Florida Institute of Technology, a Private, Fully-Accredited, Institution Focusing on Higher Learning STEM and Research
  • Many Students Obtain Jobs and Internships with Major Employers such as Northrop Grumman, L3 Harris Technologies, SpaceX, and NASA Through Strategic Partnerships

Investment Overview

Marcus & Millichap is pleased to offer The Commons Portfolio in Melbourne, FL to qualified investors. The Commons Portfolio consists of University Commons & Melbourne Commons which makes up 277 student housing beds.

Exclusively Listed By

Financing By

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