804-690-1482
5606 Campus Ridge Dr, Wise, VA for Sale
Multi-Family - FOR SALE
1/72
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5606 Campus Ridge Dr
Wise, VA 24293


HIGHLIGHTS

  • No competing purpose-built supply
  • Fully leased with parental guaranties
  • Embedded development upside
  • Built in 2014 with dedicated walk path to campus
  • Mark-to-market rent runway
  • Contact agent for pricing guidance

OVERVIEW

THE ONLY PURPOSE-BUILT OFF-CAMPUS COMMUNITY SERVING UVA WISE One South Commercial has been retained on an exclusive basis to offer CampusWalk Wise, a 56-unit, 164-bed purpose-built student housing community delivered in 2014 and located directly adjacent to the University of Virginia’s College at Wise. The community is 100% preleased for AY ’26–’27 and is the only purpose-built, by-the-bed community of its scale serving the University. The balance of off-campus supply is conventional apartments and scattered rental houses leased by the unit, not by the bed.

FOR SALE DETAILS

PRICE

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# OF UNITS

56

CAP RATE

Request Cap Rate

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

CampusWalk

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Mid-Rise

ADD'L SUBTYPES

Apartments, Dormitory

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

2014

PARKING SPACES

199

LAND DETAILS

LAND ACRES

17.8 AC

LAND SF

775,368 SF

ZONING

R-3

APN/PARCEL ID

012468,041002,043095,043096

ASK ABOUT THIS PROPERTY

Ryan RileeOne South CommercialMore Info
804-690-1482

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Ryan RileeOne South CommercialMore Info
804-690-1482

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