Two Class A Student Housing Assets For Sale Exclusively Through Marcus & Millichap

Eastern New Mexico University Housing: San Juan Village and Sierra Vista Village

NEW MEXICO – Marcus and Millichap is pleased to offer for sale the leasehold interest in San Juan Village and Sierra Vista Village, two individual student housing assets located on two separate campuses of Eastern New Mexico University. The student assets are currently leased by the bed and are encumbered by a ground lease to Eastern New Mexico University.  The term of the leasehold estate shall expire at midnight September 1, 2046.  The current lease calls for lease payments to commence July 1, 2018.

SAN JUAN VILLAGE | PORTALES, NEW MEXICO

san-juan-village-portales-new-mexico-275x196Completed in 2007, San Juan Village is a luxury student housing community in Portales, New Mexico, on the main campus of Eastern New Mexico University.  A true “Best-in-Class” student asset, San Juan Village offers state of the art amenities and an ideal location for student living at Eastern New Mexico University. The property consists of 267 beds in well appointed units allowing students quick and easy access to the heart of campus. The property is fully amenitized with virtually everything a student needs to live, work, study and play.  Amenities include a swimming pool, recreation center, billiards table, study lounge, outdoor gathering pavilions, sand volleyball court, and barbeque area.  Furnished units include a sofa, side chairs, entertainment center, twin beds, study desk and chair, dresser, nightstand, dining table with chairs, full kitchen appliance package, and a full-sized washer and dryer. Situated on campus, the unique offering of this attractive student asset offers investors long term stability and potential for value appreciation.

With a population of 12,723 residents, the City of Portales ranks 15th in the nation for quality of life among 577 micropolitan areas recently studied.  Portales offers a friendly, small town atmosphere with numerous cultural and recreational attractions, including the main 344-acre campus of Eastern New Mexico University.  The University offers more than 60 associate’s, bachelor’s and master’s degree programs, and boasts a new Fall enrollment record of 5,856 students, of which 1,283 are graduate students. With enrollment increasing year over year and a strong retention rate, demand for campus area housing is expected to remain strong as the University continues to grow.

SIERRA VISTA VILLAGE | ROSWELL, NEW MEXICO

Sierra-Vista-Village_Roswell-New-Mexico-275x196Completed in 2007, Sierra Vista Village is a luxury student housing community on the Roswell campus of Eastern New Mexico University.  A true “Best in Class” student asset, Sierra Vista Village offers state of the art amenities and an ideal location for student living at Eastern New Mexico University Roswell. The property consists of 258 beds in well appointed units allowing students quick and easy access to the heart of campus. The property is fully amenitized with virtually everything a student needs to live, work, study and play.  Amenities include a swimming pool, fitness center, computer center, Billiards room, media room, study lounge, sand volleyball court, and barbeque area.  Furnished units are outfitted with a sofa, side chairs, entertainment center, twin beds, study desk and chair, dresser, nightstand, dining table with chairs, full kitchen appliance package and full size washer and dryer. Situated on campus, the unique offering of this attractive student asset offers investors long-term stability and potential for value appreciation.

The City of Roswell, with a current population of 48,477 residents, is home to the Roswell campus of Eastern New Mexico University. ENMU-Roswell is one of two official branch campuses within the Eastern New Mexico University system, with the main campus in Portales, and one additional branch in Ruidoso.  Established in 1958, The ENMU Roswell Campus is a two-year branch with a wide variety of programs.  More than 70 certificate and associate degree programs are available in a wide range of academic transfer and career-oriented programs. More than 4,000 students enroll in credit classes at the Roswell campus each semester.  Sierra Vista Village boasts a location on campus which is ideal for students and drives demand for the  investor.

 

For the complete marketing package, please sign the San Juan Village and Sierra Vista Village Confidentiality Agreement.

For additional investment information, please contact:

Joe James | jjames@marcusmillichap.com 

Kent Myers | kmyers@marcusmillichap.com 

Robert Gallegos | rgallegos@marcusmillichap.com

Follow us on Twitter @JamesMyersMF for the latest market news and activity.

The James-Myers Multifamily Team of Marcus & Millichap (NYSE: MMI) has participated in the sale of more than 63 transactions since 2007 totaling over 13,000 units and more than $730 Million in sales across Texas.  Contact us for acquisitions, dispositions, property evaluations or market information for your Texas apartments.

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

w

Connecting to %s