NAPLES,
Fla., July 16, 2024 /PRNewswire/ --
JBM® Institutional Multifamily Advisors has exclusively
listed Coastal Village. This garden-style, concrete block
construction, off-campus student housing community is comprised of
200 units (800 beds) averaging 1,384 square feet. Coastal Village
is located less than a mile from Florida Gulf
Coast University (FGCU) which has a student enrollment of
over 16K. The Property is over 93%
pre-leased for Fall 2024 and has 11.2% year-over-year rent
growth.
Product
Coastal Village is one of only three purpose-built student
housing communities servicing FGCU. It features a comprehensive
amenity package including a resort-style pool with an expansive sun
deck, 24-hour fully equipped fitness center overlooking the pool,
valet trash, grilling stations, hammocks along the lakeside walking
trail, and more. The students have access to private shuttles that
run directly to and from the university. The clubhouse is comprised
of study rooms, a computer lab with free printing, a media room,
high-speed internet, coffee bar and lounge areas.
Units
Every unit has an efficient layout as all floorplans feature
full bed/bath parity and are the exact same, fully furnished,
4-bed/4-bath layout. There are four different degrees of upgrades,
with the fully renovated units feature granite countertops,
stainless steel appliances, flat- panel white cabinetry,
single-basin, undermount sink, tile backsplash, and faux wood plank
flooring throughout. There is major upside to bring all floorplans
up to the highest-level of upgrades by implementing a unit interior
renovation program.
Location
Coastal Village is located only 1 mile away from FGCU with a
student enrollment of 16,000+ and 1,500+ employees. The Property
has exceptional connectivity to Interstate-75 with proximate access
to Three Oaks Parkway, Alico Road, Ben Hill Griffin Parkway, and
U.S. Highway 41. This provides access to major shopping
destinations and retail options such as The Miromar Outlets and The
Gulf Coast Town Center just 2 miles away.
About JBM®
JBM® holds a 70%+ market share across Southwest Florida and is the #1 ranked
boutique brokerage firm in the U.S.A. despite only transacting in
Florida. Green Street's 2023
national multifamily broker rankings ranks JBM® as the
#1 highest average sold price per transaction throughout the
entire U.S.A. and #1
highest average sales price per unit throughout Florida. JBM® has a lifetime
transactions volume over $19.4
billion and 168,000 units.
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SOURCE JBM Institutional Multifamily Advisors