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|Building Area Gross||
|Number of units||59|
Jones Lang LaSalle Americas, Inc. (collectively, “JLL”) is pleased to present Tech Village (the “Property”), a 59-unit, 221-bedroom and 263-bed, student-living community built in 2016 serving Fox Valley Technical College (“FVTC”). The Property is directly adjacent to FVTC and serves as the college’s only affiliated housing option. Tech Village is 97% occupied for the 22-23 AY and is being offered with an attractive $7.8 MM assumable loan at a 3.68% fixed rate and over 7 years of term remaining.
Fox Valley Technical College is a public institution serving more than 50,000 residents of Appleton and the Fox Cities area each year. Several regional education centers expand and supplement the academic services offered by the main campus located adjacent to Tech Village. FVTC also maintains transfer agreements with more than 30 four-year institutions. As a result, Tech Village attracts a variety of in-state, out-of-state and international students.
Fox Valley Technical College provides technical education and training for future skilled workers in many high-demand trades. FVTC is one of the state’s top producers of talent for the state’s most essential industries. The need for skilled labor in the state of Wisconsin and across the country will continue to make well-respected trade schools like FVTC a serious option for high-school graduates.
With a projected Year 1 NOI of ~$920,000, the Property and its accompanying debt offer investors a turn-key investment with much higher in-place yield to conventional housing in the area.
- Attractive Assumable Debt Financing
- Strong In-Place Occupancy
- Affiliation Agreement
- One Of The Highest-Ranking Technical Colleges In The Country
- Turn-Key Investment
- Opportunity To Increase Revenue