440-450 S Grant St - Apartments FOR SALE


West Lafayette, IN 47906- Downtown West Lafayette
$13,950,000 USD
317-522-8608
440-450 S Grant St, West Lafayette, IN for Sale
$13,950,000 USD
Apartments - FOR SALE
1/4
null | Request Cap Rate

440-450 S Grant St
West Lafayette, IN 47906
Downtown West Lafayette


HIGHLIGHTS

  • Walking distance to campus
  • Student Housing
  • Master Lease

OVERVIEW

The Marquis Group with KW Commercial Lafayette is pleased to present this prime student housing opportunity master leased to Purdue University. Benchmark II Apartments are located on the southeast side of Purdue's West Lafayette campus, about one block away from the College of Veterinary Medicine and approximately four blocks from the Purdue Memorial Union as well as Krannert School of Management and Rawls Hall. Chauncey Hill Mall is also a short walk (restaurants, Target and other shopping locations). Key Features: Prime Location: Situated near Purdue University, making it ideal for students. Walkable: Very walkable, allowing easy access to campus and surrounding amenities. Close to Amenities - Near campus, dining options, and sporting events. Off-Street Parking On-site laundry facilities This building is master leased to Purdue University for the current year and the next 2 school years with 5% annual increases. Benchmark II offers 144 Beds: (34) 4BR/1.5BA; (2) 4BR/2BA)with either a balcony or patio. 440 S Grant St, West Lafayette, IN 47906 447 S Chauncey Avenue, West Lafayette, IN 47906 Benchmark III offers 38 Beds: (9) 4BR/2.5BA and (1) 2BR/1.5BA townhome style living 421-439 S Chauncey Avenue, West Lafayette, IN 47906

FOR SALE DETAILS

PRICE

$13,950,000 USD

PRICE/SF

$234 USD /SF

# OF UNITS

36

PRICE/UNIT

$387,500

CAP RATE

Request Cap Rate

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Benchmark II

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

4

YEAR BUILT

1983

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.1 AC

LAND SF

47,916 SF

ZONING

R3W

APN/PARCEL ID

79-07-19-480-001.000-026,79-07-19-480-006.000-026

ASK ABOUT THIS PROPERTY

Nathaniel GustusKW Commercial LafayetteMore Info
317-522-8608

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

Nathaniel GustusKW Commercial LafayetteMore Info
317-522-8608

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