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Temple Nest Portfolio Student Housing at 1500 North Carlisle Street

Temple Nest Portfolio Student Housing at 1500 North Carlisle Street
FOR SALE
View more

$23,900,000

1500 North Carlisle Street, Philadelphia, PA 19121

Property Description

Introducing the Temple Nest Portfolio — oceanfront property for Temple University, the largest university in Philadelphia, Pennsylvania by enrollment. Offered at a substantial discount to replacement costs, this cash-flowing real estate portfolio presents an optimal acquisition for the student-housing sector — one of the most resilient asset classes in the industry. These furnished student-housing apartments have maintained high historical occupancy due to their convenient proximity to campus, name recognition, concentrated location (ease of management and leasing) and professional ownership/management performance. The Temple Nest Portfolio includes twenty-six (26) buildings with 100 units and 288 beds. The Temple Nest Portfolio is widely considered the preeminent off-campus student-housing operation at Temple University, featuring superior walkability to Main Campus. It's a turnkey real estate portfolio insulated by a resilient asset class (Division 1 student housing) in a Top-10 USA MSA with a high-growth trajectory. With newly minted President John Fry at the helm of Temple's renaissance, the North Broad campus is poised to experience monumental transformation over the next decade plus, as evidenced by the growth of Drexel University under Fry's tenure — billions of dollars of active stage real estate developments provide the proof of what's to come at Temple. The time is now to invest — as the old adage goes — "make your money on the buy." The Owls are a local Philly favorite for their performance in athletics and The Temple Nest Portfolio represents the best of Temple University's student-housing properties. Enquire within for pro forma financials, floorplans and full property list.


Property Details

Asset Type

Student Housing

Neighborhood

Templetown

Submarket

Philadelphia

ZIP

19121

Listing Type

sale


Offering Memorandum

Download

Net Operating Income (NOI)

$0

Debt Service Coverage Ratio (DSCR)

0.00x

Cap Rate

0.00%

Cash Flow (Annual)

-$1,359,578

Cash-on-Cash Return

-22.75%

Monthly Debt Service

$113,298

Annual Debt Service

$1,359,578

View on Map

Address

1500 North Carlisle Street

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Philadelphia Student Housing Market Snapshot

Boundary boundary · Student Housing · Sale

No investors found in this market.

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Ryan McManus

Ryan McManus

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Ryan McManus

Ryan McManus

Salesperson

13 closed

Call