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.
The Commons Portfolio
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
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
