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Student Housing

Campus Point

1430 Trumbull Avenue, Normal, IL 61761

Listing Price: Request For Offer

Number of Units
144
Occupancy
100.0%
Gross SF
115,200

Investment Overview

Marcus & Millichap presents the exclusive opportunity acquire Campus Point, a 144-unit, 352-bed, value-add, purpose-built student housing community located near the Illinois State University (ISU) campus in Normal, IL. Constructed in 2003, Campus Point attracts students from nearby Illinois State University and Heartland Community College in Normal, IL. The property is located just over 1.1 miles from the ISU campus, where enrollment has remained consistent over the past decade.

Investment Highlights

  • STRONG DEMAND Campus Point is 100 percent preleased for the 2021-2022 school year, fulfilling the housing needs of ISU's more than 15,000 full-time students seeking off-campus housing.
  • ENROLLMENT GRWOTH In Fall 2020, ISU enrollment has remained steady with 20,720 students enrolling in Fall 2020, and graduate enrollment has increased by 14.8 percent over the past 5 years.
  • VALUE-ADD OPPORTUNITY The property provides the investor with upside potential as rents are below the market average and could be increased with a "light" value-add investment program.

Exclusively Listed By

Broker of Record

  • Steven D. Weinstock

    First Vice President / Regional Manager / Designated Managing Broker

    (630) 570-2250

    License(s) IL: 471.011175

    Illinois

Listing Price: Request For Offer

Number of Units
144
Occupancy
100.0%
Gross SF
115,200

Investment Highlights

  • STRONG DEMAND Campus Point is 100 percent preleased for the 2021-2022 school year, fulfilling the housing needs of ISU's more than 15,000 full-time students seeking off-campus housing.
  • ENROLLMENT GRWOTH In Fall 2020, ISU enrollment has remained steady with 20,720 students enrolling in Fall 2020, and graduate enrollment has increased by 14.8 percent over the past 5 years.
  • VALUE-ADD OPPORTUNITY The property provides the investor with upside potential as rents are below the market average and could be increased with a "light" value-add investment program.

Investment Overview

Marcus & Millichap presents the exclusive opportunity acquire Campus Point, a 144-unit, 352-bed, value-add, purpose-built student housing community located near the Illinois State University (ISU) campus in Normal, IL. Constructed in 2003, Campus Point attracts students from nearby Illinois State University and Heartland Community College in Normal, IL. The property is located just over 1.1 miles from the ISU campus, where enrollment has remained consistent over the past decade.

Exclusively Listed By

Broker of Record

  • Steven D. Weinstock

    First Vice President / Regional Manager / Designated Managing Broker

    (630) 570-2250

    License(s): IL: 471.011175

    Illinois

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