Student Housing

Lofts at University Hall

361 University Hall Dr, Boone, NC 28607

Listing Price: Request For Offer

Number of Units
48
Gross SF
24,900

Investment Overview

Marcus & Millichap is pleased to present, to qualified investors, the opportunity to acquire The Lofts at University Hall in Boone, North Carolina. Completed in 2010, the 48-unit property caters to the graduate student population of Appalachian State University and offers residents an attractive mix of spacious floor plans and condo-quality finishes. The property’s superb location provides easy accessibility to the area’s top employment, retail, and entertainment destinations. Strong annual rent growth within Boone, paired with the increasing demand for housing in a market with high barriers to entry, provides investors with an outstanding opportunity to increase rents and capitalize on an asset with historical 100 percent occupancy. The property offers a number of avenues for additional upside potential, including billing utilities to residents and implementing fees for parking. In addition, the asset’s floorplans allow for versatility when considering future investment strategies.

Investment Highlights

  • Opportunity to Increase NOI Upon Acquisition
  • Versatile Investment Opportunity
  • Historically Strong Occupancy

Exclusively Listed By

Student Housing

Lofts at University Hall

Listing Price: Request For Offer

Number of Units
48
Gross SF
24,900

Investment Highlights

  • Opportunity to Increase NOI Upon Acquisition
  • Versatile Investment Opportunity
  • Historically Strong Occupancy

Investment Overview

Marcus & Millichap is pleased to present, to qualified investors, the opportunity to acquire The Lofts at University Hall in Boone, North Carolina. Completed in 2010, the 48-unit property caters to the graduate student population of Appalachian State University and offers residents an attractive mix of spacious floor plans and condo-quality finishes. The property’s superb location provides easy accessibility to the area’s top employment, retail, and entertainment destinations. Strong annual rent growth within Boone, paired with the increasing demand for housing in a market with high barriers to entry, provides investors with an outstanding opportunity to increase rents and capitalize on an asset with historical 100 percent occupancy. The property offers a number of avenues for additional upside potential, including billing utilities to residents and implementing fees for parking. In addition, the asset’s floorplans allow for versatility when considering future investment strategies.

Exclusively Listed By

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