This Property is no longer advertised on Showcase.com.
Off Market
1/21

225 Cypress Ave
Marina, CA 93933


HIGHLIGHTS

  • The Mosaic Student Housing building at 225 Cypress Ave was delivered in 2021 and offers 64 beds across 12 units and 30 bedrooms.
  • CSU Monterey Bay plans to nearly double its current student population of 7,545 students, presenting ample opportunity for a new owner.
  • Units come fully furnished with atypical high-quality finishes (full kitchens, closet storage, a balcony) and communal indoor and outdoor amenities.
  • On-campus beds at CSUMB are 100%-leased, and the surrounding multi-family communities boast an occupancy rate of 95-97%.
  • Located approximately 2.5 miles from CSU Monterey Bay, students can quickly bike (15 minutes), bus (26 minutes), or drive (7 minutes) to campus.
  • Calling for offers through 02/24. The property is being offered on an “As-is, Where-is” basis. Any inquiries should be directed to the Colliers team.

FOR SALE DETAILS

PRICE

-

# OF UNITS

-

CAP RATE

-

% LEASED

-

BUILDING DETAILS

PROPERTY NAME

Call for Offers through March 1st 2022

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Mid-Rise

PROPERTY SUBTYPE

Apartments

ADD'L SUBTYPES

Dormitory

TOTAL BUILDING SIZE

10998

STORIES

4

YEAR BUILT

2021

PARKING SPACES

13

LAND DETAILS

LAND ACRES

-

LAND SF

-

ZONING

-

APN/PARCEL ID

032-311-009-000