Student Housing

Arbors at the Park

805 College Hill Rd, Oxford, MS 38655

Listing Price: $31,250,000

Cap Rate
6.04%
Number of Units
100
GRM
11.63
Occupancy
100.00%
Price/Unit
$312,500

Investment Overview

Marcus & Millichap Student Housing Group is proud to present a tremendous opportunity to acquire Arbors at the Park in the desirable University of Mississippi market, affectionately known as Ole Miss. Consisting of 100 units with a total of 340 beds, the property is currently 100 percent occupied for the 2020/2021 school year and has been since its inception in 2018. In the days of COVID-19 where rent collection has been a concern for many asset types Student Housing has outperformed every other asset class. This property is no exception, offering peace of mind in today's chaotic and uncertain market. Arbors at the Park is offered either on its own or as a part of The Oxford Trio which includes The Cottages at Hooper Hill, The Cottages at Hooper Hollow and Arbors at the Park for a total of 194 units and 692 beds.

Currently commanding above market rents with zero vacancy, Arbors at the Park has proven to be a top choice for students. The property is ideally located less than a mile from campus and directly across the street from Lamar Park which offers lakeside trails and open spaces. In addition to its premier location, the build quality is second to none. Compared to the local market, the styling is unlike anything in the area with travertine showers/baths and granite counter tops. Every unit has its own, private, screened in porch with bed swings. The Oxford market has shown a strong demand for this style of Luxury Student Housing and this is reflected by the property's history of 100 percent occupancy.

Community amenities include a pool and club house with fitness center as well as a model unit which allows for maximum rental income. There is also abundant covered parking which provides reprieve from the Mississippi heat and the property is on the O.U.T. Bus Route. In addition to on-site amenities the property is located near unique attractions and retail shops as well. The property is also just down the road from the historic downtown square which offers dozens of local bars and restaurants.

Investment Highlights

  • 100 percent leased up for the 2020 /2021 school year
  • Offered as a single property or part of a portfolio
  • All units individually platted as a condominium, offering flexible exit strategies
  • Covered Parking
  • Model unit and fitness center in Club House
  • On the O.U.T. Bus Route

Exclusively Listed By

Listing Price: $31,250,000

Cap Rate
6.04%
Number of Units
100
GRM
11.63
Occupancy
100.00%
Price/Unit
$312,500

Investment Highlights

  • 100 percent leased up for the 2020 /2021 school year
  • Offered as a single property or part of a portfolio
  • All units individually platted as a condominium, offering flexible exit strategies
  • Covered Parking
  • Model unit and fitness center in Club House
  • On the O.U.T. Bus Route

Investment Overview

Marcus & Millichap Student Housing Group is proud to present a tremendous opportunity to acquire Arbors at the Park in the desirable University of Mississippi market, affectionately known as Ole Miss. Consisting of 100 units with a total of 340 beds, the property is currently 100 percent occupied for the 2020/2021 school year and has been since its inception in 2018. In the days of COVID-19 where rent collection has been a concern for many asset types Student Housing has outperformed every other asset class. This property is no exception, offering peace of mind in today's chaotic and uncertain market. Arbors at the Park is offered either on its own or as a part of The Oxford Trio which includes The Cottages at Hooper Hill, The Cottages at Hooper Hollow and Arbors at the Park for a total of 194 units and 692 beds.

Currently commanding above market rents with zero vacancy, Arbors at the Park has proven to be a top choice for students. The property is ideally located less than a mile from campus and directly across the street from Lamar Park which offers lakeside trails and open spaces. In addition to its premier location, the build quality is second to none. Compared to the local market, the styling is unlike anything in the area with travertine showers/baths and granite counter tops. Every unit has its own, private, screened in porch with bed swings. The Oxford market has shown a strong demand for this style of Luxury Student Housing and this is reflected by the property's history of 100 percent occupancy.

Community amenities include a pool and club house with fitness center as well as a model unit which allows for maximum rental income. There is also abundant covered parking which provides reprieve from the Mississippi heat and the property is on the O.U.T. Bus Route. In addition to on-site amenities the property is located near unique attractions and retail shops as well. The property is also just down the road from the historic downtown square which offers dozens of local bars and restaurants.

Exclusively Listed By

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