154 Units of Prime Student Housing Hit the Market Near Texas A&M University

  

COLLEGE STATION, TX – Marcus & Millichap Real Estate Investment Services, the nation’s largest real estate investment services firm, has secured the exclusive listing for the Warehouse at Northgate and the Factory at Northgate (top left photo), a two-building, 154-unit student housing portfolio in College Station.

 Joe James and Kent Myers, multifamily investment specialists in the Austin office of Marcus & Millichap, are representing the seller, a Houston-based developer.

“These are truly unique assets, with their exposed brick, loft-style units and package of full amenities,” says James. “Buyers seeking solid returns over the long term in a submarket that will continue to experience strong demand for student housing over the next 10 years or more should consider this portfolio.”

Located at 405 Cross St., the Factory at Northgate and the Warehouse at Northgate include a total of 154 units, or 227 beds.

 Situated in the heart of the historic Northgate entertainment district, the units at the Factory at Northgate average 712 square feet in size, while the Warehouse at Northgate’s units average 1,082 square feet. The buildings are also within walking distance of Texas A&M University (lower left aerial photo), which currently has a student enrollment of 49,000.

“We are expecting to see strong demand for these assets due to the scarcity of product in this location and the strength of Texas A&M’s enrollment growth,” says Myers. 

All of the 154 units feature loft-style living with nine- to 10-foot ceilings, exposed brick walls, stained concrete flooring and high-capacity stackable washers and dryers. Community amenities include a swimming pool, an on-site parking lot, as well as a parking garage.  In addition, the units have high-speed Internet as well as satellite or cable TV.

 Contact: Stacey Corso, Public Relations Manager, (925) 953-1716