Living / Multi-housing

Wexler Sacramento

1500 67th Street Sacramento, California United States 95819
Asking Price Contact for pricing
Area Size
NOI Net Operating Income N/A
NIY N/A

Documents

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Create an account on the Investor Center to save your search and investment preferences, save and share opportunities, access exclusive documents, and more. More questions? Visit our FAQ. You'll need to sign a Confidentiality Agreement (CA) to access exclusive documents in the Deal Room. Signing the CA means you agree not to divulge or release sensitive information related to this property. More questions? Visit our FAQ.

Attributes

Year Built 2022
Building Area Net
Land Area Net ()
Rentable Area
Number of units 223
Occupancy 99.0 %

Asset Description

Jones Lang LaSalle, Inc (“JLL”) is pleased to present the opportunity to acquire Wexler (the “Property”), a newly constructed, trophy student housing property located steps from California State University, Sacramento (“CSU” or “Sacramento State”) in Sacramento, California. A tech-savvy community that sets a new standard for purpose-built Student Housing properties nationally, Wexler contains 223-units, 779-beds (expandable to 791-beds) as well as 7,449 square feet of ground floor commercial.

Investment Highlights

  • Pedestrian to campus and adjacent to Sacramento Regional Light Rail Station (SacRT)
  • Highly amenitized and Tech Savvy property with best-in-market finishes and amenities, including 3,000 SF luxury fitness studio
  • Ability to increase revenue by increasing bed count from 779 to 791 and leasing-up the vacant retail space
  • Only 29.4% of the full-time students supported by student housing beds
  • Sacramento State has an estimated Fall 2022 enrollment of 31,300 students and has increased enrollment 12.1% over the past decade
  • Offered at a significant discount to replacement costs in a high barriers to entry market with zero beds in the pipeline
Last Updated Date: 04 Oct 2022

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Last Updated Date: 04 Oct 2022

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