260-262 Mast Rd - Apartments FOR SALE


Durham, NH 03824
$11,100,000 USD
603-781-6546
260-262 Mast Rd, Durham, NH for Sale
$11,100,000 USD
Apartments - FOR SALE
1/5
null | Request Cap Rate

260-262 Mast Rd
Durham, NH 03824


HIGHLIGHTS

  • 3 buildings in total (two at 260 Mast Road and one at 262 Mast Road)
  • 42 units total (40 units at 260 Mast Road and 2 units at 262 Mast Road)
  • 113 beds total (both buildings combined)
  • 70 parking spaces total (both buildings combined)
  • On-site laundry
  • 3.32± total acres

OVERVIEW

260 & 262 Mast Road are part of a student housing portfolio consisting of three distinct student-housing investment opportunities. Each property is available individually or as part of the portfolio. Each property features a diverse unit mix, ranging from studios to four-bedroom apartments, meeting the wide variety of preferences within the UNH student housing market. Whether students are seeking a convenient location within walking distance of campus or a quieter setting away from downtown activity, the Properties offer strong appeal. All properties provide onsite parking (available for an additional fee) and onsite laundry. With a long track record of near-100% occupancy, consistent pre-leasing, and average rent growth of approximately 2.4% annually over the past six years, the Properties are well-positioned to continue serving UNH students for years to come. Please note that this property record reflects 260 Mast Road only. However, the offering includes both 260 and 262 Mast Road. 262 Mast Road consists of approximately 2,705± SF, includes 2 units, and has a total of 7 bedrooms.

FOR SALE DETAILS

PRICE

$11,100,000 USD

PRICE/SF

$275 USD /SF

# OF UNITS

40

PRICE/UNIT

$277,500

CAP RATE

Request Cap Rate

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

260 & 260 Mast Road - Student Housing

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

2010

PARKING SPACES

70

LAND DETAILS

LAND ACRES

3.32 AC

LAND SF

144,619 SF

ZONING

MUDOR

APN/PARCEL ID

DRHM-000013-000002

ASK ABOUT THIS PROPERTY

Kent WhiteThe Boulos CompanyMore Info
603-781-6546

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Kent WhiteThe Boulos CompanyMore Info
603-781-6546

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.