266 bed student housing apartment complex located at the fastest growing UNC system university. 191 bed phase is completed and 100% occupied. The additional 75 bed phase is scheduled to be completed summer 2010. Subject university has an enrollment of +/-9500 students with only +/-3500 on-campus beds. Located within 1+/- mile of campus.
Priced at $13,500,000 based on 8% cap.
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