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Student Housing

Timberwolf Suites

1636 N 3rd Ave, Wausau, WI 54401

Listing Price: $6,698,000

Cap Rate
7.00%
Number of Units
200
GRM
5.16
Occupancy
88.0%
Price/Unit
$33,490
Price/Gross SF
$180.56
Gross SF
37,096

Investment Overview

Marcus & Millichap is proud to present The Timberwolf Suites, a premier student housing
complex located in the lively city of Wausau, Wisconsin, serving as the only student housing
available on campus. Situated directly behind Northcentral Technical College off of N 3rd Ave and
W Campus drive. This 2018 built property consists of 66 units with a total of 200 beds with a
healthy mix of (30) two-bed units, four three-bed units, and (32) four-bed units.
Established in 1912, Northcentral Technical College or NTC now has a total enrollment of 5,939
and offers more than 190 different programs for students. With a student-to-faculty ratio of 11:1
and an impressive transfer-out rate of only eight percent, this thriving college offers students the
ability to receive a higher education across its comprehensive range of programs. The top
programs include Registered Nursing/Registered Nurse, Dental Hygiene/Hygienist, and
Psychiatric/Mental Health Services Technician. NTC is also an extremely affordable college with
in-state tuition of $3,723 for the 2023 school year and 28 percent of the student’s receiving grants
or scholarship aid with the average scholarship or grant award being $4,014. These technical
schools are continuing to grow across the country with students getting the college experience at
a fraction of the cost with over 400 transfer agreements with over 50 university of Wisconsin and
private college partners.
Timberwolf Suites Student Living is a privately-owned student apartment community that features
fully furnished apartments, amenities including high speed internet and facilities such as study
rooms and a fitness center. Apartments come fully furnished with a bed, desk and chair. 100
percent of the units have own bathrooms and all units have either a full kitchen while some have a
kitchenette. The property has five different floor plans giving students’ flexibility in deciding how
they would like to live on campus and washer and dyers on each floor. There is a reasonable
monthly utility fee in addition to rent--this charge covers some of the costs for included services
such as internet, water, sewer, trash, electric, heat and A/C. Timberwolf Suites serves the students
of NTC and other surrounding colleges. We guarantee you will truly love where you live. By living
in Timberwolf Suites, you have the opportunity to expand your social network by meeting new
friends locally and around the globe. Our campus style living will provide a creative environment
to help students succeed!

Investment Highlights

  • Only Student Housing on Campus (No Dorms or Any Other Student Specific Housing)
  • Enrollment at College of 5,939 Students
  • 2018 Construction with Furnished Units

Exclusively Listed By

  • Patrick Suffield

    Director Investments

    (312) 327-5419

    Email Patrick

    License(s): IL: 475.179485, MI: 6501424960, WI: 98170-94

    Chicago Downtown

Broker of Record

  • Todd Lindblom

    Senior Managing Director, Market Leader- Milwaukee/Minneapolis

    (262) 364-1900

    License(s) WI: 56163-90

    Wisconsin

Financing By

Student Housing

Timberwolf Suites

Listing Price: $6,698,000

Cap Rate
7.00%
Number of Units
200
GRM
5.16
Occupancy
88.0%
Price/Unit
$33,490
Price/Gross SF
$180.56
Gross SF
37,096

Investment Highlights

  • Only Student Housing on Campus (No Dorms or Any Other Student Specific Housing)
  • Enrollment at College of 5,939 Students
  • 2018 Construction with Furnished Units

Investment Overview

Marcus & Millichap is proud to present The Timberwolf Suites, a premier student housing complex located in the lively city of Wausau, Wisconsin, serving as the only student housing available on campus. Situated directly behind Northcentral Technical College off of N 3rd Ave and W Campus drive. This 2018 built property consists of 66 units with a total of 200 beds with a healthy mix of (30) two-bed units, four three-bed units, and (32) four-bed units. Established in 1912, Northcentral Technical College or NTC now has a total enrollment of 5,939 and offers more than 190 different programs for students. With a student-to-faculty ratio of 11:1 and an impressive transfer-out rate of only eight percent, this thriving college offers students the ability to receive a higher education across its comprehensive range of programs. The top programs include Registered Nursing/Registered Nurse, Dental Hygiene/Hygienist, and Psychiatric/Mental Health Services Technician. NTC is also an extremely affordable college with in-state tuition of $3,723 for the 2023 school year and 28 percent of the student’s receiving grants or scholarship aid with the average scholarship or grant award being $4,014. These technical schools are continuing to grow across the country with students getting the college experience at a fraction of the cost with over 400 transfer agreements with over 50 university of Wisconsin and private college partners. Timberwolf Suites Student Living is a privately-owned student apartment community that features fully furnished apartments, amenities including high speed internet and facilities such as study rooms and a fitness center. Apartments come fully furnished with a bed, desk and chair. 100 percent of the units have own bathrooms and all units have either a full kitchen while some have a kitchenette. The property has five different floor plans giving students’ flexibility in deciding how they would like to live on campus and washer and dyers on each floor. There is a reasonable monthly utility fee in addition to rent--this charge covers some of the costs for included services such as internet, water, sewer, trash, electric, heat and A/C. Timberwolf Suites serves the students of NTC and other surrounding colleges. We guarantee you will truly love where you live. By living in Timberwolf Suites, you have the opportunity to expand your social network by meeting new friends locally and around the globe. Our campus style living will provide a creative environment to help students succeed!

Exclusively Listed By

  • Patrick Suffield

    Director Investments

    (312) 327-5419

    Email Patrick

    License(s): IL: 475.179485, MI: 6501424960, WI: 98170-94

    Chicago Downtown

Broker of Record

  • Todd Lindblom

    Senior Managing Director, Market Leader- Milwaukee/Minneapolis

    (262) 364-1900

    License(s): WI: 56163-90

    Wisconsin

Financing By

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