STUDENT HOUSING PROPERTIES NEAR UNIVERSITY OF NORTH CAROLINA AT CHARLOTTE, N.C. SOLD FOR $10.3 MILLION
Charlotte, N.C. (January 26, 2022) – Coldwell Banker Commercial is pleased to have represented the seller in the sale of six student housing rental complexes near the University of North Carolina at Charlotte (UNCC), N.C. for a combined $10.3 million.
Bob Clay, CCIM and Eric Clay, commercial real estate professionals with Coldwell Banker Commercial MECA, represented the seller in the transaction.
The six complexes, a mix of condominium and townhome units, are located within the thriving area of University City, currently accommodate a total of 196 student housing beds:
- University Terrace – 10 units, 40 beds
- University Terrace North – 21 units, 84 beds
- Colville Gardens – 15 units, 30 beds
- Colville Townhomes – 5 units, 15 beds
- Campus Walk – 7 units, 21 beds
- Alexander Townhomes – 2 units, 6 beds
“Student housing demand by investors in and around UNCC’s University City remains high, as the area offers an unparalleled walkability and proximity to dining, retail, culture, professional sports venues and the Light Rail, connecting students and staff directly to Uptown Charlotte. The properties closed after only being on the market for four months, and was a beneficial transaction for our client,” said Bob Clay.
About Coldwell Banker Commercial Affiliates
Coldwell Banker Commercial MECA is the local affiliate of Coldwell Banker Commercial® and provides commercial real estate solutions serving the needs of owners and occupiers in the leasing, acquisition, and disposition of all property types. Since 1906, the Coldwell Banker Commercial brand has been a premier provider of real estate, recognized globally as a company that puts the client first while delivering individual, distinctly different service. With a collaborative network of independently owned and operated affiliates, the Coldwell Banker Commercial organization comprises almost 200 companies and more than 3,000 professionals throughout the U.S. and internationally. For additional information, visit www.cbcworldwide.com.
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